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[Company] Lease Agreement (Biogas)
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Uploaded document: [Company] - Lease Agreement (Biogas) 4-13-2011 v2.DOC (96.0 KB)
LEASE AGREEMENT
([Name of Counterparty] Biogas Project)
This Lease Agreement (this “Lease”) is entered into this _____ day of _____________, 20____ (the “Effective Date”) pursuant to that certain Option Agreement (the “Option Agreement”), dated effective the _____ day of _____________, 20____ by and between [Name of Counterparty], as grantor thereunder, an [Name of State] ________________ (“Lessor”), and [COMPANY], as grantee thereunder, an [Name of State] [Type of Entity] (“Lessee”). Lessee and Lessor are sometimes referred to herein individually as a “Party” or collectively as the “Parties.”
RECITALS
Lessor is the owner of certain lands located in [Name of County], State of [Name of State], as more particularly described in Exhibit A attached hereto (the “Dairy Property”). Lessee is a renewable energy developer that desires to develop, construct, and operate of a biogas generation project (the “Project”) on a portion of the Dairy Property.
Lessor is willing to lease to Lessee, and Lessee is willing to lease from Lessor, an that certain portion of the Dairy Property consisting of approximately [Number of Acres] acres as more particularly described in Exhibit B attached hereto (the “Project Site”) for the development, construction, and operation of the Project, along with other uses related to the production of biogas on the Dairy Property, upon the terms and conditions set forth in this Lease Agreement.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Lessee and Lessor hereby agree as follows:
AGREEMENT
Lease Grant. In consideration of the payments and covenants herein contained, Lessor does hereby grant unto Lessee, and Lessee does hereby accept (i) a lease for exclusive use by Lessee, of the Project Site, and (ii) a grant of certain easement rights across the Dairy Property as more particularly described in Exhibit C attached hereto (“Easement Property”), on the terms and conditions hereinafter set forth.
Lease Term. The term of this Lease (“Term”) shall commence on the Effective Date and shall continue for [Number of Years] thereafter unless sooner terminated in accordance with the provisions hereof. Lessee shall have the right to extend the Term for [Number of Extensions] additional [Number of Years] periods upon written notice to Lessor provided no less than [Number of Months] month prior to the termination of the then-current Term, and on the same terms and conditions contained in this Lease. As used in this Lease, “Term” shall include any extension of the initial [Number of Years]-year term.
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[Company] Lease Agreement (Biogas)
Lease Agreements -- US - General