Transfer of Water Allocation Sample Clauses

Transfer of Water Allocation. The Seller may transfer the Water Allocation to any person who enters into a deed of covenant in favour of the Buyer to be bound by this Agreement in place of, and to the same extent as, the Seller. Upon execution by the assignee of the deed of covenant, the Seller will be released from any further obligation under this Agreement.
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Transfer of Water Allocation. (see page 1 of 4) please ensure this section of the above form has been completed. Any application lodged without indicating the quantity of allocation to be transferred, will be rejected by WMI. The following notes are provided as a guide only and do not have any legal effect. These notes cannot be relied on in substitution for, and do not affect the interpretation of, the Constitution of WMI, the Water Entitlement Agreement, the Water Delivery Agreement, the General Conditions, the WMI Transfer Rules or any other contract or rules that bind WMI and its customers. 1 If Water Entitlement Units are held, or to be held, jointly by two or more persons, each person must be named as a party and each person must sign this application. The parties’ details must be identical to the details on their respective Agreements with WMI. 2 The transaction is subject to the Seller paying to WMI all outstanding debts and other amounts payable.
Sample 1
Transfer of Water Allocation. 28.1. Completion of this contract for sale shall be subject to:- (a) the Vendor having completed all application forms and other documentation as required by the Vendor to enable registration of the transfer of the water allocation (b) the Purchaser obtaining all necessary consents and approvals necessary to transfer the water allocation. 28.2. The Purchaser must provide the Vendor with all transfer documents in respect of the water allocation within a reasonable time and must provide all other relevant information required by some water or any statutory authority or any other regulating the transfer of the water allocation.
Sample 1
Transfer of Water Allocation. Pursuant to Section B.3 of the Settlement Agreement, Xxxxx hereby transfers all of the Water Allocation from the Subject Property to the Receiving Property during the Final Subdivision Map process and irrigation planning process and will be considered complete when the water rights assignment is recorded
Sample 1
Transfer of Water Allocation. The allocation that has been announced up until the transfer of water entitlement units, remains with the seller for the current season. If this transaction is to include the water allocation, please complete the detail below. If there is no allocation with this sale please insert (0): Megalitres of Water Allocation Name Signature Date Name Signature Date Name Signature Date Option B - *If the Seller is a company with two directors or a director and a company secretary or *Name of director or *Name of sole director and sole company secretary *Signature of director or *Signature of sole director and sole company secretary Date * Cross out those not applicable Name Signature Date Name Signature Date Name Signature Date Option B - *If the Buyer is a company with two directors or a director and a company secretary or *Name of director or *Name of sole director and sole company secretary *Signature of director or *Signature of sole director and sole company secretary Date * Cross out those not applicable 1 Payment to WMI of the application fee (specified in the Charges Schedule on WMI’s web site under the section ‘Water Transfers’).
Sample 1

Related to Transfer of Water Allocation

  • Risk Allocation The Product is Regulatorily Continuing.

  • Campaign Contribution Restriction For all State contracts as defined in Conn. Gen. Stat. § 9- 612(g)(1) having a value in a calendar year of $50,000 or more or a combination or series of such agreements or contracts having a value of $100,000 or more, the authorized signatory to this Contract expressly acknowledges receipt of the State Elections Enforcement Commission's notice advising state contractors of state campaign contribution and solicitation prohibitions, and will inform its principals of the contents of the notice, as set forth in “Notice to Executive Branch State Contractors and Prospective State Contractors of Campaign Contribution and Solicitation Limitations,” attached as Exhibit C.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

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