Common use of Evidence of Water Availability Clause in Contracts

Evidence of Water Availability. At such times as the Lender may request, Borrower to deliver to the Lender a certificate stating that the amount of water available and projected to be available is sufficient to conduct operations as described in the most recent budget submitted by Borrower to Lender, if Borrower is required to submit a budget materially similar to prior years’ operations, as evidenced by information provided by Borrower to the Lender. Such certificate shall be signed, at the Lender’s option, either (i) by Borrower or by an independent third party, such as an officer of Borrower’s water district or other supplier of water, or (ii) by a water resources engineer’s determination of a dependable yield of water rights compared to crop water demand.

Evidence of Water Availability. At such times as the Lender may request, Borrower to deliver to the Lender a certificate stating that the amount of water available and projected to be available is sufficient to conduct operations as described in the most recent budget submitted by Borrower to Lender, if Borrower is required to submit a budget materially similar to prior years’ ' operations, as evidenced by information provided by Borrower to the Lender. Such certificate shall be signed, at the Lender’s 's option, either (i) by Borrower or by an independent third party, such as an officer of Borrower’s water district or other supplier of water, or (ii) by a water resources engineer’s 's determination of a dependable yield of water rights compared to crop water demand.