Common use of OFFSET OF DIRECT EFFECTS Clause in Contracts

OFFSET OF DIRECT EFFECTS. For each Water Rights Owning Party’s surface water depletion effects that result from its Future Groundwater Diversions as simulated by the Settlement Model in the Stream Segments of the Settlement Model that are: 7.3.2.1.1. designated as Rio Grande or Rio Pueblo de Taos E, that Water Rights Owning Party shall provide offsets to the Rio Grande equal to 100% of their effects; and 7.3.2.1.2. designated as Lower Rio Hondo, that Water Rights Owning Party shall provide offsets to the Rio Grande or the Lower Rio Hondo equal to 100% of their effects.

Appears in 4 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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