§ 550.181 When may the Secretary cancel my lease and when am I compensated for cancellation?
§ 550.182 When may the Secretary cancel a lease at the exploration stage?
§ 550.183 When may BOEM or the Secretary extend or cancel a lease at the development and production stage?
§ 550.184 What is the amount of compensation for lease cancellation?
§ 550.185 When is there no compensation for a lease cancellation?

Terms Used In CFR > Title 30 > Chapter V > Subchapter B > Part 550 > Subpart A > Primary Lease Requirements, Lease Term Extensions, and Lease Cancellations

  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Oversight: Committee review of the activities of a Federal agency or program.