Common use of Construction Buffer Zone Easements Clause in Contracts

Construction Buffer Zone Easements. Currently, Refinery Company is using a designated portion of the buffer zone area owned by Fertilizer Company (the “Construction Buffer Zone Easement Area”), which area is legally described on Exhibit R, for construction staging in connection with the construction of certain improvements on the Refinery Parcel (the “Construction Buffer Zone Easement”). It is agreed and understood that Fertilizer Company shall have the right to at any time terminate such use by Refinery Company upon giving no less that thirty (30) days prior written notice, and if such notice is so given, Refinery Company shall remove all of its equipment and other property within the Construction Buffer Zone Easement Area it is so using and shall restore such portion to the same condition as existed prior to Refinery Company’s entry for staging purposes. Should either Party in the future grant to the other Party the right to stage construction on its respective buffer zone area, then unless otherwise expressly agreed between the Parties in writing to the contrary, such right shall likewise be terminable by the granting party upon thirty (30) days prior notice and the removal and restoration covenants set forth above in this Section 2.3(I) shall apply.

Appears in 2 contracts

Sources: Cross Easement Agreement (CVR Partners, Lp), Cross Easement Agreement (CVR Energy Inc)

Construction Buffer Zone Easements. Currently, Refinery Company is using a designated portion of the buffer zone area owned by Fertilizer Company (the “Construction Buffer Zone Easement Area”), which area is legally described on Exhibit R, for construction staging in connection with the construction of certain improvements on the Refinery Parcel (the “Construction the“Construction Buffer Zone Easement”). It is agreed and understood that Fertilizer Company shall have the right to at any time terminate such use by Refinery Company upon giving no less that thirty (30) days prior written notice, and if such notice is so given, Refinery Company shall remove all of its equipment and other property within the Construction Buffer Zone Easement Area it is so using and shall restore such portion to the same condition as existed prior to Refinery Company’s entry for staging purposes. Should either Party in the future grant to the other Party the right to stage construction on its respective buffer zone area, then unless otherwise expressly agreed between the Parties in writing to the contrary, such right shall likewise be terminable by the granting party upon thirty (30) days prior notice and the removal and restoration covenants set forth above in this Section 2.3(I) shall apply.

Appears in 1 contract

Sources: Cross Easement Agreement (CVR Energy Inc)