Common use of NOTICE OF WATER LEVEL FLUCTUATIONS Clause in Contracts

NOTICE OF WATER LEVEL FLUCTUATIONS. If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s normal operating level, Seller hereby notifies Buyer: “The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2) drought or flood conditions.”

Appears in 25 contracts

Samples: Earnest Money Contract, Earnest Money Contract, Earnest Money Contract

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NOTICE OF WATER LEVEL FLUCTUATIONS. If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s normal operating level, Seller hereby notifies Buyer: “The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: : (1) an entity lawfully exercising its right to use the water stored in the impoundment; or or (2) drought or flood conditions.”

Appears in 7 contracts

Samples: New Home Contract, New Home Contract, New Home Contract

NOTICE OF WATER LEVEL FLUCTUATIONS. If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s 's normal operating level, Seller hereby notifies Buyer: “The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2) drought or flood conditions.”

Appears in 5 contracts

Samples: One to Four Family Residential Contract (Resale), One to Four Family Residential Contract (Resale), One to Four Family Residential Contract (Resale)

NOTICE OF WATER LEVEL FLUCTUATIONS. If the Property adjoins an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s 's normal operating level, Seller hereby notifies Buyer: "The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2or(2) drought or flood conditions."

Appears in 2 contracts

Samples: Unimproved Property Contract, Unimproved Property Contract

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NOTICE OF WATER LEVEL FLUCTUATIONS. If the The Property adjoins may adjoin an impoundment of water, including a reservoir or lake, constructed and maintained under Chapter 11, Water Code, that has a storage capacity of at least 5,000 acre-feet at the impoundment’s normal operating level. In such event, Seller hereby notifies BuyerPurchaser: “The water level of the impoundment of water adjoining the Property fluctuates for various reasons, including as a result of: (1) an entity lawfully exercising its right to use the water stored in the impoundment; or (2) drought or flood conditions.”

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Lodging Fund REIT III, Inc.), Purchase and Sale Agreement (Lodging Fund REIT III, Inc.)

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