Common use of OWNER COMMITMENTS Clause in Contracts

OWNER COMMITMENTS. Owner agrees that from the date hereof until the expiration of this Option, it will not lease or rent the Premises or any part thereof to any person or entity, other than Purchaser, or grant any person or entity any rights to use or occupy the Premises. Owner shall not grant any easement on the Premises and nor will Owner mortgage or encumber the Premises without Purchaser's prior written consent. During the term of this Option Owner agrees to support, assist, and cooperate with, Purchaser with respect to Purchaser's objective of constructing an ethanol plant at the Premises, including obtaining any necessary regulatory approvals, obtaining necessary zoning, and to take such actions as are reasonably necessary or desirable in furtherance of the intents and purposes of this Option Agreement upon request of Purchaser from time to time; provided, that all costs related to such actions shall be borne by Purchaser.

OWNER COMMITMENTS. Owner agrees that from the date hereof until the expiration of this Option, it will not lease or rent the Premises or any part thereof to any person or entity, other than Purchaser, or grant any person or entity any rights to use or occupy the Premises. Owner shall not grant any easement on the Premises and nor will Owner mortgage or encumber the Premises without Purchaser's prior written consent. During the term of this Option Option, Owner agrees to support, assist, assist and cooperate with, with Purchaser with respect to Purchaser's objective of constructing an ethanol plant at the Premises, including obtaining any necessary regulatory approvals, obtaining necessary zoning, and to take such actions as are reasonably necessary or desirable in furtherance of the intents and purposes of this Option Agreement upon request of Purchaser from time to time; provided, that all costs related to such actions shall be borne by Purchaser.