Common use of Master Agreements Clause in Contracts

Master Agreements. In order to further implement the purpose and intention of this Agreement, prior to the commencement of any Site Work with respect to any Development Project, the Parties shall, each acting reasonably, timely and in good faith and in accordance with industry practice and custom, negotiate the terms of and enter into appropriate construction, reciprocal easement, joint use and operation, shared facilities or similar agreement(s) pertaining to the development, construction, operation and/or use of such Development Project and the Hardisty Rail Terminal Facility, which agreement(s) (i) shall contain customary terms and conditions pertaining to, among other matters, the matters set forth in this Agreement, future maintenance and capital expenses for any shared facilities, apportionment of shared operating and capital expenses, coordination of business activities, non-interference covenants, restrictions on changes in use, maintenance of insurance and mutual indemnification, in each case relating such Development Project and the Hardisty Rail Terminal Facility, as applicable, and (ii) shall be in form acceptable for recording in the official land records in the jurisdiction in which the Hardisty Rail Property, the Undeveloped Land and any Future Acquired Land are located.

Master Agreements. In order to further implement the purpose and intention of this Agreement, prior to the commencement of any Site Work with respect to any Development Project, the Parties shall, each acting reasonably, timely and in good faith and in accordance with industry practice and custom, negotiate the terms of and enter into appropriate construction, reciprocal easement, joint use and operation, shared facilities or similar agreement(s) pertaining to the development, construction, operation and/or use of such Development Project and the Hardisty ▇▇▇▇▇▇▇▇ Rail Terminal Facility, which agreement(s) (i) shall contain customary terms and conditions pertaining to, among other matters, the matters set forth in this Agreement, future maintenance and capital expenses for any shared facilities, apportionment of shared operating and capital expenses, coordination of business activities, non-interference covenants, restrictions on changes in use, maintenance of insurance and mutual indemnification, in each case relating such Development Project and the Hardisty ▇▇▇▇▇▇▇▇ Rail Terminal Facility, as applicable, and (ii) shall be in form acceptable for recording in the official land records in the jurisdiction in which the Hardisty ▇▇▇▇▇▇▇▇ Rail Property, the Undeveloped Land and any Future Acquired Land are located.