Common use of Reduction of Leased Area Clause in Contracts

Reduction of Leased Area. Lessor reserves the right to reduce the area of crop land provided by this lease, as described above, in total or in part. Such reduction shall occur in the event that the Sauk County Board of Supervisors shall by Resolution require such property for another purpose. Any such reduction shall be effective sixty (60) days following the date of adoption of said Resolution. Lessee shall be entitled to a reduction in the rents due under this lease, based upon a pro rata reduction in the leased area. Any reduction in acreage shall reduce the rental amount for that and any succeeding year by the average annual acreage rental rate as determined by the annual cropland bid divided by the number of cropland acres. If the reduction should occur during the growing period when crops are already planted, provided Lessee did not receive notice of the intended reduction prior to the actual planting of the crop, Lessee shall be entitled to a credit against the next rent payment to compensate for the expense of planting and resulting loss in yield. Lessee and Lessor shall agree upon an independent appraiser to establish the value of the crop lost due to the reduction of leased area. The cost of the appraiser shall be borne by the Lessor. In the event that the Lessor and Lessee cannot agree upon an appraiser, Lessee and Lessor shall each select an agricultural appraiser, and these two shall select a third appraiser. This group of three appraisers shall then establish the value of crop lost due to the reduction. The cost for this appraisal process shall be divided equally between the Lessor and Lessee.

Reduction of Leased Area. Lessor reserves the right to reduce the area of crop land provided by this lease, as described above, in total or in part. Such reduction shall occur in the event that the Sauk County Board of Supervisors shall by Resolution require such property for another purpose. Any such reduction shall be effective sixty (60) days following the date of adoption of said Resolution. Adoption of said Resolution constitutes notice to the Lessee. Lessee shall be entitled to a reduction refund in the rents due under this lease, based upon a pro rata reduction in the leased area. Any reduction in acreage shall reduce area below the rental amount for that and any succeeding year by the average annual acreage rental rate as determined by the annual cropland bid divided by the number of cropland acres12.9 acres estimated. If the reduction should occur during the growing period when after two months of crops are already being planted, provided Lessee did not receive notice of the intended reduction to an amount under 12.9 acres prior to the actual planting of the crop, Lessee shall be entitled to reimbursement for the loss of the crop (calculated by taking the average yield per acre on that field and multiplying it by the countywide average price for the year established by the USDA-Farm Service Agency) and acreage rented adjustment. If the reduction should occur within two months of crops being planted, provided Lessee did not receive notice of the intended reduction to an amount under 12.9 acres prior to the actual planting of the crop, Lessee shall be entitled to a credit against the next rent payment to compensate for reimbursement or the expense of planting including seed, herbicide, and resulting loss in yieldfertilizer as well as the acreage rented adjustment. Lessee and Lessor shall agree upon an independent appraiser to establish the value not be reimbursed if Lessee plants crops after notice of the crop lost due to the reduction of leased areaintended reduction. The cost of the appraiser Final acreage determinations shall be borne made by the Lessor. In the event that the Lessor and Lessee cannot agree upon an appraiserConservation, Lessee and Lessor shall each select an agricultural appraiserPlanning, and these two shall select a third appraiser. This group of three appraisers shall then establish Zoning Department staff using the value of crop lost due to the reduction. The cost for this appraisal process shall be divided equally between the Lessor and Lesseebest available data.

Reduction of Leased Area. Lessor reserves the right to reduce the area of crop land cropland provided by this lease, as described above, in total or in part. Such reduction shall occur in the event that the Sauk County Board of Supervisors shall by Resolution require such property for another purpose. Any such reduction shall be effective sixty (60) days following the date of adoption of said Resolution. Lessee shall be entitled to a reduction in the rents due under this lease, based upon a pro rata prorated reduction in the leased area. Any reduction in acreage shall reduce the rental amount for that and any succeeding year by the average annual acreage rental rate as determined by the annual cropland bid divided by the number of cropland acres. If the reduction should occur during the growing period when crops are already planted, provided Lessee did not receive notice of the intended reduction prior to the actual planting of the crop, Lessee shall be entitled to a credit against the next rent payment to compensate for the expense of planting and resulting loss in yield. Lessee and Lessor Xxxxxx shall agree upon an independent appraiser to establish the value of the crop lost due to the reduction of leased area. The cost of the appraiser shall be borne by the Lessor. In the event that the Lessor and Lessee Xxxxxx cannot agree upon an appraiser, Lessee and Lessor shall each select an agricultural appraiser, and these two shall select a third appraiser. This group of three appraisers shall then establish the value of crop lost due to the reduction. The cost for this appraisal process shall be divided equally between the Lessor and Lessee.

Reduction of Leased Area. Lessor reserves the right to reduce the area of crop land provided by this lease, as described above, in total or in part. Such reduction shall occur in the event that the Sauk County Board of Supervisors shall by Resolution require such property for another purpose. Any such reduction shall be effective sixty (60) days following the date of adoption of said Resolution. Lessee shall be entitled to a reduction in the rents due under this lease, based upon a pro rata prorated reduction in the leased area. Any reduction in acreage shall reduce the rental amount for that and any succeeding year by the average annual acreage rental rate as determined by the annual cropland bid divided by the number of cropland acres. If the reduction should occur during the growing period when crops are already planted, provided Lessee did not receive notice of the intended reduction prior to the actual planting of the crop, Lessee shall be entitled to a credit against the next rent payment to compensate for the expense of planting and resulting loss in yield. Lessee and Lessor Xxxxxx shall agree upon an independent appraiser to establish the value of the crop lost due to the reduction of leased area. The cost of the appraiser shall be borne by the Lessor. In the event that the Lessor and Lessee Xxxxxx cannot agree upon an appraiser, Lessee and Lessor shall each select an agricultural appraiser, and these two shall select a third appraiser. This group of three appraisers shall then establish the value of crop lost due to the reduction. The cost for this appraisal process shall be divided equally between the Lessor and Lessee.