SRP Water Sample Clauses

SRP Water. The YAN and the United States acting as trustee for the YAN shall have the right to delivery of SRP Water from X.X. Xxxxxx Dam and Reservoir through the Cragin-Verde Pipeline Project pursuant to the severance and transfer described in Subparagraphs 8.3.1 and 8.3.2, for Use on the Reservation, YAN Trust Land, and YAN After-Acquired Trust Land, calculated as four and fifty-five hundredths percent (4.55%) of water stored in the Allocation Capacity on May 1, with a Maximum Annual Diversion Amount not to exceed an average of 500 AFY, up to a maximum of 583.86 acre-feet in any given Year and a Maximum Annual Depletion Amount of not to exceed an average of 500 AFY, up to a maximum of 583.86 acre-feet in any given Year; provided, however, that SRP Water shall not be available for Diversion and Use by the YAN or the United States acting as trustee for the YAN unless all of the Water sources available for delivery to the Reservation in any Year pursuant to Paragraph 6.0 and Subparagraph 8.2 have been Used, via direct delivery to the Reservation, via underground storage pursuant to Subparagraphs 4.19 or 6.8, through an Exchange, or through a lease pursuant to Subparagraph 7.1. The average quantities described in the preceding sentence shall be calculated over the period of historical operation of X.X. Xxxxxx Dam and Reservoir, beginning in 1967. The Allocation Capacity used in computing the average quantities is subject to periodic adjustment for sedimentation as provided in the YAN-SRP Water Delivery and Use Agreement.
Sample 1
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SRP Water. SRP Water delivered to the YAN Delivery Point in any Year shall be counted as a Diversion and Depletion in such Year.
Sample 1

Related to SRP Water

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Definitions For purposes of this Agreement:

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