Common use of RESERVATION OF INTEREST Clause in Contracts

RESERVATION OF INTEREST. Lessor specifically reserves unto itself all rights and interests in the Premises not inconsistent with the restricted agriculture rights made the subject of this Lease. Lessor specifically reserves the right to full use and enjoyment of the Premises for all activities except farming, including, without limitation, game management objectives; harvesting timber or conducting other silvicultural activities; prospecting or exploring for sand, gravel, rock, oil, gas, and other minerals; development or production of oil, gas, minerals, or other natural resources, including all activities incident thereto. This Lease is conveyed subject to all other restrictions and reservations of record. Some areas within the Premises are, or may in the future be, under active leases for oil and gas exploration through a third party. Reimbursement for crop damage and or destruction that may result from oil and gas exploration activities will be the sole responsibility of the oil and gas lease holder pursuant to that lease. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such oil and gas exploration or related activities. Some areas within the Premises may in the future be, purchased by a third party to promote economic development of the State. Third party lease-holders shall be required to make Lessee whole upon acquiring of any interest in the Premises. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such economic development or related activities.

RESERVATION OF INTEREST. Lessor specifically reserves unto itself all rights and interests in the Premises not inconsistent with the restricted agriculture rights made the subject of this Lease. Lessor specifically reserves the right to full use and enjoyment of the Premises for all activities except farming, including, without limitation, game management objectives; harvesting timber or conducting other silvicultural activities; prospecting or exploring for sand, gravel, rock, oil, gas, and other minerals; development or production of oil, gas, minerals, or other natural resources, including all activities incident thereto. This Lease is conveyed subject to all other restrictions and reservations of record. Some areas within the Premises are, or may in the future be, under active leases for oil and gas exploration through a third party. Reimbursement for crop damage and or destruction that may result from oil and gas exploration activities will be the sole responsibility of the oil and gas lease holder pursuant to that lease. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such oil and gas exploration or related activities. Some areas within the Premises are, or may in the future be, purchased by a third party to promote economic development of the State. Third party lease-holders shall be required to make Lessee whole upon acquiring of any interest in the Premises. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such economic development or related activities.

RESERVATION OF INTEREST. Lessor specifically reserves unto itself all rights and interests in the Premises not inconsistent with the restricted agriculture rights made the subject of this Lease. Lessor specifically reserves the right to full use and enjoyment of the Premises for all activities except farming, including, without limitation, game management objectives; harvesting timber or conducting other silvicultural activities; prospecting or exploring for sand, gravel, rock, oil, gas, and other minerals; development or production of oil, gas, minerals, or other natural resources, including all activities incident thereto. This Lease is conveyed subject to all other restrictions and reservations of record. Some areas within the Premises are, or may in the future be, under active leases for oil and gas exploration through a third party. Reimbursement for crop damage and or destruction that may result from oil and gas exploration activities will be the sole responsibility of the oil and gas lease holder pursuant to that lease. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such oil and gas exploration or related activities. SAMPLE Some areas within the Premises may in the future be, purchased by a third party to promote economic development of the State. Third party lease-holders shall be required to make Lessee whole upon acquiring of any interest in the Premises. In no event shall Lessor, the State of Alabama, or its agents or employees, be liable for any damages of any kind arising out of or related to any such economic development or related activities.