Common use of Xxxxxx Rights Clause in Contracts

Xxxxxx Rights. 1. Lessor reserves the right to use or lease the premises, or any part thereof, at any time, for any purpose other than but not to the detriment of the rights and privileges herein specifically granted. 2. Lessor reserves the right to sell or otherwise dispose of the premises, or any part thereof, subject to the terms and conditions of this lease. 3. Lessor shall not be liable for any damages resulting from failure of its title to rights included herein; provided, however, that if the Lessor's title fails as to any or all of the rights in the natural gas storage covered by this lease, the Lessor shall refund to the Lessee all payments made by the Lessee attributable to that part or portion of, or interest in, the title which has failed. 4. Should Lessor be prevented from complying with any express or implied covenant of this lease because of a force majeure (i.e., for any cause beyond the reasonable control of the Lessor such as, but not limited to, acts of God, legislation or rules of any governmental body, including budgeting constraints, any judgment or injunctive order entered by a court of competent jurisdiction, acts of the public enemy, riots, strikes, labor disputes, labor or material shortages, fire or flood) then such covenant shall be suspended to the extent made necessary by the aforesaid force majeure.

Appears in 5 contracts

Samples: Underground Natural Gas Storage Lease, Underground Natural Gas Storage Lease, Underground Natural Gas Storage Lease

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