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The document sets rules for material extraction scope, non-exclusive use, term start and automatic termination, and possible term extensions by mutual consent. 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Extraction is limited to a specified cubic yard amount unless the University inspects and provides written notice to proceed with more.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Is the purchaser’s use of the property exclusive?",{"text":113,"@type":109},"No. The agreement grants a non-exclusive use that is subordinate to other University uses, and the University may grant other uses as long as they do not materially interfere with the purchaser’s rights.",{"name":115,"@type":106,"acceptedAnswer":116},"How are royalty payments calculated and what minimum payment is required?",{"text":117,"@type":109},"Royalty is calculated per cubic yard using the most current DNR “Use Fee Schedule” rate referenced in an attached exhibit. 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MATERIAL EXTRACTION FROM PROPERTY. Subject to the terms and conditions of this Agreement, the University hereby agrees to allow Purchaser to enter upon the Property for the sole and limited purpose of extracting pit run sand and gravel, silt, clay, and all other soil materials whether or not similar to the foregoing (“Material”) from the Property in accordance with the terms of this Material Sale Agreement. The Purchaser is limited to extracting   (ENTER NUMBER) cubic yards of material, from the mine area depicted on Exhibit   , unless the University inspects the Property and expressly and in writing notifies the Purchaser that it may proceed to excavate more than  (ENTER NUMBER) cubic yards of material during the term hereof. Notwithstanding anyother provision contained herein, Purchaser shall not excavate below the elevation of One Hundred Eighty (180.00) feet above sea level in the mine area.  \n2. NON-EXCLUSIVE USE. The Purchaser’s use of the Property pursuant to this Agreement is non-exclusive and subordinate to other University uses. The University reserves the right to grant other uses respecting the Property so long as such uses do not materially interfere with Purchaser’s rights hereunder.  \nMaterial Sale Agreement-SAMPLE  \nPage 2 of 20  \n3. TERM. The term of this Agreement shall commence on the Effective Date herein and shall automatically terminate at 11:59 P.M. on [Date] , unless sooner terminated asherein provided (“Term”) .  \n4. EXTENSION OF TERM. Upon mutual agreement of both Parties, and provided Purchaser is in full compliance with the terms and conditions of this Agreement to the University’s reasonable satisfaction, the Term of this Agreement may be extended for up to   ( ) additional   ( ) YEAR periods. Purchaser shall provide written notification to the University of its desire to extend the Term of this Agreement a minimum of   ( ) MONTHS prior to the termination date of this Agreement. Purchaser understands and agrees that the University may unilaterally decide not to extend the Term of this Agreement and that the University may unilaterally reject, with or without cause, any request for a Term extension.  \n5. ROYALTY.  \nA. Royalty Rate. Purchaser shall pay   AND  /100 DOLLARS ($_ .  ) per cubic yard, being THE MOST CURRENT RATE PER YARD ACCORDING TO THE MOST CURRENT DNR “USE FEE SCHEDULE” ISSUED PER 11AAC 71.090 and attached as Exhibit X,(“Royalty”) to the University for each cubic yard of Material of any kind (without adjustment, limitation or exclusion for the quality or grade of such material","cbCaib02QSdFm8dL","https://ap.wps.com/l/cbCaib02QSdFm8dL","pdf",2001701,20,"English","# Material Sale Agreement\n## Parties and Property\n## Material Extraction From Property\n## Non-Exclusive Use\n## Term and Extension\n## Royalty Provisions","[{\"question\":\"What is the permitted purpose and scope of extraction under the agreement?\",\"answer\":\"The purchaser may enter the property solely to extract specified materials (pit run sand and gravel, silt, clay, and other soil materials) from the defined mine area. Extraction is limited to a specified cubic yard amount unless the University inspects and provides written notice to proceed with more.\"},{\"question\":\"Is the purchaser’s use of the property exclusive?\",\"answer\":\"No. The agreement grants a non-exclusive use that is subordinate to other University uses, and the University may grant other uses as long as they do not materially interfere with the purchaser’s rights.\"},{\"question\":\"How are royalty payments calculated and what minimum payment is required?\",\"answer\":\"Royalty is calculated per cubic yard using the most current DNR “Use Fee Schedule” rate referenced in an attached exhibit. In addition, the purchaser must pay a minimum royalty amount regardless of the quantity actually extracted, including an advance royalty that may be credited against future royalties during the stated timeframe.\"}]","Material Sale Agreement - SAMPLE | PDF",1789569505,7]