Common use of LESSOR RIGHTS Clause in Contracts

LESSOR RIGHTS. 1. Lessor retains all of its timber, coal, oil and/or gas and other metallic and nonmetallic mineral interests in the leased premises and any nonmetallic minerals or rights not included in this lease, and reserves the right to make any use of the leased premises which may be undertaken without detriment to the rights and privileges herein specifically granted. Lessor may relinquish its timber rights on the uncleared and unmined portion of the premises for the duration of the lease to Lessee upon payment to Lessor of a fee based upon the current timber consideration fee schedule.

LESSOR RIGHTS. 1. Lessor LESSOR retains all of its timber, coal, oil and/or gas and other metallic and nonmetallic mineral interests in the leased premises and any nonmetallic minerals or rights not included in this lease, and reserves the right to make any use of the leased premises which may be undertaken without detriment to the rights and privileges herein specifically granted. Lessor LESSOR may relinquish its timber rights on the uncleared and unmined portion of the premises for the duration of the lease to Lessee LESSEE upon payment to Lessor LESSOR of a fee based upon the current timber consideration fee schedule.