Time to Make Application. The Town intends to make one or more future applications to the State of Utah, Division of Water Rights to convert some or all of its shares in the SCIC into a municipal water right. Subject to the Town’s compliance with Utah Code Xxx. § 73-3-3.5 (as amended ), the SCIC hereby consents to such change in use by the Town, including multiple applications for such changes in use to multiple portions of the Town’s water right, whenever the Town determines its best interests will be served by doing so.
Time to Make Application. Within three (3) calendar days from the date, Purchaser executes this Contract (the "Loan Application Deadline"), Purchaser must complete an application (collectively, the "Loan Application(s)") for any loan(s) required by Purchaser to Close the purchase of the Property. In addition, Purchaser agrees to provide Purchaser's lender all requested supporting documentation ("Supporting Documentation") within three (3) business days of the lender's request therefore (the "Supporting Documentation Deadline"). In the event Purchaser fails to complete the Loan Application(s) on or before the Loan Application Deadline, or provide the lender with Supporting Documentation on or before the Supporting Documentation Deadline, Seller may declare Purchaser in default and exercise its remedies as set forth in Section 11.
