Conservation Reserve Program. A portion of the property is enrolled in the Conservation Reserve Program (“CRP”), with the current contract expiring September 30, 2027. At closing, Seller shall transfer all rights and obligations of that contract to the Buyer. Buyer shall comply with all terms and conditions of the CRP and shall indemnify, defend and hold Seller harmless from the CRP and/or Buyer’s failure to comply with the terms of the CRP. Buyer shall receive all CRP income for 2022.
Conservation Reserve Program. Buyer acknowledges that certain parts of the subject property are subject to a Conservation Reserve Program Contract “CRP Contract”. Buyer acknowledges and agrees that Buyer has been provided with a copy of the CRP Contract. Buyer agrees to accept title subject to the CRP Contract. If Buyer shall cause the early termination of the CRP Contract, buyer shall reimburse Seller for any penalties or fines imposed on Seller for such early termination. Buyer’s obligation shall survive the Closing of the transaction contemplated in this Contract and will not merge with the provision of any closing documents.
Conservation Reserve Program. If any portion of the Property is enrolled in the United States Department of Agriculture Conservation Reserve Program, Buyer will succeed to the contract within 60 days of Closing. Buyer will hold Seller harmless for any penalty or repayment caused by Buyer=s failure to comply with the contract, rules and regulations related to the Conservation Reserve Program. 1031 Exchange Cooperation. Either party may desire to use their sale or purchase as part of an Internal Revenue Code Section 1031 Exchange. The parties agree to reasonably cooperate with each other for such purpose, provided, however: (1) in no event shall any such exchange, or the exchanging party’s inability to complete any such exchange, impair or otherwise affect the Closing; (2) the non-exchanging party shall have no obligation or liability to the exchanging party or any other person or entity in any respect for any matters in connection with any such exchange other than payment of the Purchase Price as set forth herein in exchange for the conveyance to Purchase fee simple title to the Property by warranty deed as required herein subject only to those matters permitted under this Agreement; (3) Buyer shall not be required to be vested in title to any property other than the Property; and (4) the exchanging party shall indemnify and hold the non-exchanging party harmless from and against any claims, actions, liability and expense in connection with each such exchange.
Conservation Reserve Program. LESSOR reserves and excepts for itself full and exclusive right to apply for and enter the Leased Premises into the Conservation Reserve Program and any other conservation programs now existing or created in the future administered by any governmental agency. LESSEE shall have no right to apply for or enter the Leased Premises into such conservation programs; however this exception shall not be construed to prohibit or limit LESSEE'S participation in any farm programs administered by any governmental agency supporting the growing of crops such as cotton, corn, soybeans, rice, oats, wheat or other similar crops planted on the Leased Premises for harvest after a growing season of less than 12 months. In the event that LESSOR applies for entry of the Leased Premises into any such conservation program, LESSEE agrees and binds himself to execute all transfers and releases in favor of LESSOR that may be required by the governmental agency administering such program. At such time as the Leased Premises is entered in any such conservation program, LESSEE'S rights in the Leased Premises shall be and become limited by the terms and conditions of such conservation program. Upon acceptance and entry of the Leased Premises into any such conservation program, LESSOR shall give notice to LESSEE, and LESSEE shall have the option to cancel this lease by giving written notice to LESSOR. Upon exercise of this option to cancel, LESSEE shall be entitled to a refund of any prepaid rent prorated to the date on which LESSEE notifies LESSOR of the exercise of the option to cancel lease.
Conservation Reserve Program. Discuss*] If Owner is a party to a Conservation Reserve Program contract (“CRP Contract”) with the U.S. Department of Agriculture pursuant to 7 C.F.R. Part 1410, Owner will provide Project Company with a true and complete copy of such CRP Contract, together with all amendments and modifications, and if applicable, Project Company will reimburse Owner for (a) any rental payments, or portion thereof, Owner would have received from the U.S. Department of Agriculture but for the construction of the Solar Facilities on the Premises and (b) the penalties and interest, if any (including for any past payments received by Owner that must be repaid by Owner), assessed by, the U.S. Department of Agriculture as a result of the construction of the Improvements on the Premises. Owner will cooperate with Project Company in completing and submitting documents to obtain any exemptions allowed under the Conservation Reserve Program for the use of Solar Facilities on the Premises covered by a CRP Contract.
Conservation Reserve Program. If Owner is a party to a Conservation Reserve Program contract (“CRP Contract”) with the U.S. Department of Agriculture pursuant to 7 C.F.R. Part 1410, Owner shall provide Grantee with a true and complete copy of such CRP Contract, together with all amendments and modifications, and if applicable, Grantee shall reimburse Owner for (a) any rental payments, or portion thereof, Owner would have received from the U.S. Department of Agriculture but for the construction or occupation of the Windpower Facilities on the Property and (b) the penalties and interest, if any (including for any past payments received by Owner that must be repaid by Owner), assessed by, the U.S. Department of Agriculture as a result of the construction or occupation of the Windpower Facilities on the Property. Owner shall cooperate with Grantee in completing and submitting documents to obtain any exemptions allowed under the Conservation Reserve Program for the use of Windpower Facilities on Property covered by a CRP Contract.
Conservation Reserve Program. If Owner is a party to a Conservation Reserve Program contract (“CRP Contract”) with the U.S. Department of Agriculture pursuant to 7 C.F.R. Part 1410, Owner shall provide Lessee with a true and complete copy of such CRP Contract, together with all amendments and modifications, and if applicable, Xxxxxx shall reimburse Owner for the penalties and interest, if any (including for any past payments received by Owner that must be repaid by Owner), assessed by, the U.S. Department of Agriculture as a result of the construction of the Improvements on the Owner’s Property. Owner shall cooperate with Lessee in completing and submitting documents to obtain any exemptions allowed under the Conservation Reserve Program for the use of Improvements on the Owner’s Property covered by a CRP Contract.
Conservation Reserve Program. If any portion of the Property is removed from the Conservation Reserve Program (“CRP”) because of Grantee’s installation of Windpower Facilities, Grantee will reimburse Owner for the resulting penalties or reimbursement obligations to the federal government. Reimbursement will not extend to CRP payments that would otherwise have been made to Owner, or to removal of any other lands from CRP.
Conservation Reserve Program. If any portion of the Property is removed from the U.S. Department of Agriculture’s Conservation Reserve Program (“CRP”) due to Lessee’s installation of Solar Power Facilities on the Property, Lessee shall reimburse Owner for any verified rent payments, cost share payments, interest, and/or any other costs or fees that may be incurred by Owner as a result of the removal of such Property from the CRP. If Lessee or its agents or contractors damage or disrupt certified land or land in the process of being certified or otherwise cause the removal of such lands from the CRP or cause the lands to be disqualified from acceptance into the CRP, then Xxxxxx shall reimburse Owner for the verifiable revenues that Owner would otherwise have received from the CRP during the applicable term of the CRP contract, but in no event longer than the Term. Upon Xxxxxx’s request, Owner shall provide Lessee with a copy of its CRP agreement or such other documentation that will verify the costs and fees for which Lessee shall be responsible for reimbursing Owner. Such CRP contracts may be held in the name of Owner or such other entity that Owner may designate from time to time. Payments shall be made by Lessee to Owner on an annual basis on or before April 30 of each year.
Conservation Reserve Program. Owner is a party to a Conservation Reserve Program Contract (“CRP Contract”) with the U.S. Department of Agriculture pursuant to 7 C.F.R. Part 1410. The CRP Contract expires on . Owner shall provide Grantee with a true and complete copy of such CRP Contract, together with all amendments and modifications dated prior to the Effective Date. Owner shall not extend, renew, modify or amend the CRP Contract in any respect. If applicable, Grantee shall reimburse Owner for (a) any rental payments, or portion thereof, Owner would have received from the U.S. Department of Agriculture but for the construction or occupation of the Windpower Facilities on the Property and (b) the penalties and interest, if any (including for any past payments received by Owner that must be repaid by Owner), assessed by, the U.S. Department of Agriculture as a result of the construction or occupation of the Windpower Facilities on the Property. Owner shall cooperate with Grantee in completing and submitting documents to obtain any exemptions allowed under the Conservation Reserve Program for the use of Windpower Facilities on Property covered by a CRP Contract.
