Common use of Farming Clause in Contracts

Farming. Optionor or its designee may plant all areas of the property for farming purposes at any time after the date hereof. If Optionee exercises these Options and the transaction proceeds to closing, Optionor or its designee shall be entitled to continue farming those portions of the property real estate in the crop year in which the exercise is made for those acres of property not needed by Optionee for its activities, anywhere on the property. Optionee will reimburse Optionor or its designee for all crops planted that are subsequently destroyed beyond harvestibility by such activities of Optionee or its agents. Reimbursement from Optionee to Optionor shall be at a rate of Two Hundred Dollars ($200.00) per acre so destroyed.

Appears in 1 contract

Sources: Option Agreement (East Fork Biodiesel, LLC)

Farming. Optionor or its designee may plant all areas of the property for farming purposes at any time after the date hereof. If Optionee exercises these Options this Option and the transaction proceeds to closing, Optionor or its designee shall be entitled to continue farming those portions of the property real estate in for the 2006 crop year in which the exercise is made for those acres of property not needed by Optionee for its activities, activities anywhere on the property. Optionee will reimburse Optionor or its designee for all crops planted that are subsequently destroyed beyond harvestibility by such activities of Optionee or its agents. Reimbursement from Optionee to Optionor shall be at a rate of Two Hundred Dollars ($200.00) per acre so destroyed.

Appears in 1 contract

Sources: Option Agreement (East Fork Biodiesel, LLC)