Common use of Transfer of Land Clause in Contracts

Transfer of Land. If a new owner purchases the Eligible Irrigated Land, and the new owner assumes the obligations of the USDA CREP contract, the new owner will be required to succeed to this Agreement. If the new owner refuses to succeed to this Agreement, the related USDA CREP contract will be terminated, and liquidated damages will be assessed against Landowner pursuant to the terms of the USDA CREP contract.

Transfer of Land. If a new owner purchases the Eligible Irrigated Land, and the new owner assumes the obligations of the USDA CREP contract, the new owner will be required to succeed to this Agreement. If the new owner refuses to succeed to this Agreement, the related USDA CREP contract will be terminated, and liquidated damages will be assessed against Landowner pursuant to the terms of the USDA CREP contract.. F.