Common use of Grant of Conservation Easement Clause in Contracts

Grant of Conservation Easement. On Closing the Buyer shall grant to the Seller for nominal consideration a Conservation Easement (the “Easement”). The Conservation Easement shall contain the following restrictions/prohibitions: a) Prohibition against logging; b) Prohibition against hunting; c) Prohibition against removal/destruction of native species or destruction of their habitat; d) Prohibition against commercial, residential or industrial development; e) Prohibition against the extraction of sand, gravel, rock; f) Prohibition against alteration of the topography of the lands; g) Prohibition against granting further easements; h) Prohibition against subdivision of the lands; i) Prohibition against dumping; And shall provide for access to the Seller and its employees, agents, workers, contractors, officers, and directors to enter onto the lands for the purpose of ensuring compliance with the Easement, and for scientific research purposes. The Easement shall be permanent (or the maximum term allowed by law) and shall enure to the benefit of and bind each party’s successors, etc. The Easement shall be prepared by the Seller’s lawyer and shall be approved by the Buyer’s lawyer acting reasonably. The Easement shall be registered on the Property and shall run with the lands in perpetuity.

Grant of Conservation Easement. On Closing the Buyer shall grant to the Seller for nominal consideration a Conservation Easement (the “Easement”). The Conservation Easement shall contain the following restrictions/prohibitions: a) Prohibition against logging; b) Prohibition against hunting; c) Prohibition against removal/destruction of native species or destruction of their habitat; d) Prohibition against commercial, residential or industrial development; e) Prohibition against the extraction of sand, gravel, rock; f) Prohibition against alteration of the topography of the lands; g) Prohibition against altering natural water courses; h) Prohibition against granting further easements; hi) Prohibition against subdivision of the lands; ij) Prohibition against dumping; And shall provide for access to the Seller and its employees, agents, workers, contractors, officers, and directors to enter onto the lands for the purpose of ensuring compliance with the Easement, and for scientific research purposes. The Easement shall be permanent (or the maximum term allowed by law) and shall enure to the benefit of and bind each party’s successors, etc. The Easement shall be prepared by the Seller’s lawyer and shall be approved by the Buyer’s lawyer acting reasonably. The Easement shall be registered on the Property and shall run with the lands in perpetuity.