Laserfiche WebLink
BOOK~SPAGEOO3O <br />All of the rights and uses granted to Lessee by this Lease <br />• may be exercised with respect to and for the benefit of the min- <br />ing of coal on or under the Land and the mining of coal on or <br />under lands situated in the same township as the Land and any <br />townships contiguous to the township in which the Land is situ- <br />ated. <br />2. Term. This Lease shall be in effect for 20 years ("Ini- <br />tial Term") commencing on the Lease Date stated above and as long <br />thereafter as coal is produced from the Land by Lessee in suffi- <br />cient quantities to return royalties to Lessor equal to the <br />annual advance royalty payments as stated in Paragraph 3 of this <br />Lease, or five years, whichever is the shortest addition to the <br />Initial Term ("Secondary Term"). <br /> Notwithstanding any other provisions made in this Lease to <br />• <br /> the contrary, Lessee shall have the right at any time, upon the <br />basis of at least 30 days' advance written notice to Lessor, to <br />terminate this Lease effective on the anniversary of the Lease <br />Date. <br />After expiration or termination of this Lease, Lessee shall <br />have an additional six months during which Lessee shall reenter <br />the Land and remove all of Lessee's property from the Land. In <br />addition, after expiration or termination of the Lease, Lessee <br />shall continue to have access to the Land as required to under- <br />take and complete any reclamation activities required by applica- <br />ble federal, state and local laws, ordinances and regulations. <br />3. Other Interests. Lessor covenants and agrees that after <br />• the date hereof Lessor will not lease, convey or grant any other <br />- 3 - <br />