Common use of Landowner's Reservation of Interests and Rights Clause in Contracts

Landowner's Reservation of Interests and Rights. Landowner reserves the right to occupy, possess and use the Property for any purpose, including the exploration for, development of and mining of any materials, metals, minerals and mineral materials which are not Geothermal Resources, and Landowner reserves the right to convey, lease, license or otherwise deal with or transfer all or any part of the Property, provided that Landowner shall not enter into any such agreement with a third party without first obtaining for such third party: (a) their acknowledgment of the existence of this Geothermal Lease Agreement, and (b) their agreement to negotiate in good faith to resolve any conflicts between the development of Geothermal Resources and such other rights.