Common use of Conservation Programs Clause in Contracts

Conservation Programs. If the Property or any part thereof is enrolled in the conservation reserve program, conservation reserve enhancement program or other government sponsored conservation programs (these programs being collectively referred to as “CRP Program”), then the following shall apply: (i) BUYERS acknowledge and agree that BUYERS are purchasing the Property subject to all of the terms, conditions and restrictions of the CRP Program including any easements, contracts or other documentation currently in effect. BUYERS shall (i) assume all obligations under, and accept assignment of, any and all CRP Program contracts in effect on the date of Closing; (ii) take all steps necessary in cooperation with SELLER to document such assumption and assignment with the relevant Farm Service Agency; (iii) from and after the date of Closing, perform and fully comply with all terms, conditions and restrictions of the CRP Program and all contracts and documents relating to said CRP Program; and (iv) indemnify, defend and hold SELLER harmless from any liability, claim, cause of action, penalty, fine, assessment, fee, cost, or expense, including without limitation SELLER’S attorney fees and expenses, arising out of or resulting from any breach, violation or premature termination of said CRP Program contracts after the date of Closing. The obligations, agreements, warranties and representations of BUYERS in this paragraph shall survive the Closing of the sale of the Property and shall be a continuing obligation of BUYERS during the term of the existing CRP Program contracts. (ii) Payments pursuant to any CRP Program contracts for the current contract year shall be prorated through the date of recording of the Deed from SELLER to BUYERS.

Conservation Programs. If the Property The Property, or any part thereof a portion thereof, is enrolled in the conservation reserve program, conservation reserve enhancement program or other government sponsored conservation programs (these programs being collectively referred to as “CRP Program”), then and the following shall apply: (i) BUYERS acknowledge and agree that BUYERS are purchasing the Property subject to all of the terms, conditions and restrictions of the CRP Program including any easements, contracts or other documentation currently in effect. BUYERS shall (i) assume all obligations under, and accept assignment of, any and all CRP Program contracts in effect on the date of Closing; (ii) take all steps necessary in cooperation with SELLER SELLERS to document such assumption and assignment with the relevant Farm Service Agency; (iii) from and after the date of Closing, perform and fully comply with all terms, conditions and restrictions of the CRP Program and all contracts and documents relating to said CRP Program; and (iv) indemnify, defend and hold SELLER SELLERS harmless from any liability, claim, cause of action, penalty, fine, assessment, fee, cost, or expense, including without limitation SELLER’S SELLERS’ attorney fees and expenses, arising out of or resulting from any breach, violation or premature termination of said CRP Program contracts after the date of Closing. The obligations, agreements, warranties and representations of BUYERS in this paragraph shall survive the Closing of the sale of the Property and shall be a continuing obligation of BUYERS during the term of the existing CRP Program contracts. (ii) Payments pursuant to any CRP Program contracts for the current contract year shall be prorated through the date of recording of the Deed from SELLER SELLERS to BUYERS.

Conservation Programs. If the Property or any part thereof is enrolled in the conservation reserve program, conservation reserve enhancement program or other government sponsored conservation programs (these programs being collectively referred to as “CRP Program”), then the following shall apply: (i) BUYERS acknowledge and agree that BUYERS are purchasing the Property subject to all of the terms, conditions and restrictions of the CRP Program including any easements, contracts or other documentation currently in effect. BUYERS shall (i) assume all obligations under, and accept assignment of, any and all CRP Program contracts in effect on the date of Closing; (ii) take all steps necessary in cooperation with SELLER SELLERS to document such assumption and assignment with the relevant Farm Service Agency; (iii) from and after the date of Closing, perform and fully comply with all terms, conditions and restrictions of the CRP Program and all contracts and documents relating to said CRP Program; and (iv) indemnify, defend and hold SELLER SELLERS harmless from any liability, claim, cause of action, penalty, fine, assessment, fee, cost, or expense, including without limitation SELLER’S SELLERS’ attorney fees and expenses, arising out of or resulting from any breach, violation or premature termination of said CRP Program contracts after the date of Closing. The obligations, agreements, warranties and representations of BUYERS in this paragraph shall survive the Closing of the sale of the Property and shall be a continuing obligation of BUYERS during the term of the existing CRP Program contracts. (ii) Payments pursuant to any CRP Program contracts for the current contract year shall be prorated through the date of recording of the Deed from SELLER SELLERS to BUYERS.

Conservation Programs. If the Property The Property, or any part thereof a portion thereof, is enrolled in the conservation reserve program, conservation reserve enhancement program or other government sponsored conservation programs (these programs being collectively referred to as “CRP Program”), then and the following shall apply: (i) BUYERS acknowledge and agree that BUYERS are purchasing the Property subject to all of the terms, conditions and restrictions of the CRP Program including any easements, contracts or other documentation currently in effect. BUYERS shall (i) assume all obligations under, and accept assignment of, any and all CRP Program contracts in effect on the date of Closing; (ii) take all steps necessary in cooperation with SELLER to document such assumption and assignment with the relevant Farm Service Agency; (iii) from and after the date of Closing, perform and fully comply with all terms, conditions and restrictions of the CRP Program and all contracts and documents relating to said CRP Program; and (iv) indemnify, defend and hold SELLER harmless from any liability, claim, cause of action, penalty, fine, assessment, fee, cost, or expense, including without limitation SELLER’S attorney fees and expenses, arising out of or resulting from any breach, violation or premature termination of said CRP Program contracts after the date of Closing. The obligations, agreements, warranties and representations of BUYERS in this paragraph shall survive the Closing of the sale of the Property and shall be a continuing obligation of BUYERS during the term of the existing CRP Program contracts. (ii) Payments pursuant to any CRP Program contracts for the current contract year shall be prorated through the date of recording of the Deed from SELLER to BUYERS.