Water Agreement Sample Clauses
A Water Agreement clause establishes the terms and conditions under which water is supplied, used, or managed between parties. Typically, it outlines the rights and responsibilities regarding water allocation, quality standards, delivery schedules, and payment obligations. For example, it may specify how much water a party is entitled to receive each month and the procedures for addressing shortages or disputes. The core function of this clause is to ensure clear expectations and minimize conflicts over water usage, thereby providing a structured framework for managing this essential resource.
Water Agreement. PGP shall cause POCI to enter into an agreement with --------------- Inland, in substantially the form of Exhibit "H" attached hereto, providing for the allocation to Inland for use in developing the Ashley Federal Unit the following volumes of water available to POCI pursuant to that certain agreement, as may be amended from time to time, dated October 1, 1994 by and between East Duchesne Culinary Water Improvement District and POCI concerning the purchase of water for use in oil and gas operations (the "Water Agreement"): Year One - not to exceed 4,000 barrels per day Year Two - not to exceed 3,000 barrels per day Year Three - not to exceed 2,000 barrels per day Year Four - not to exceed 1,000 barrels per day Year Five and beyond - 0 barrels per day The agreement shall provide further that Inland's use of water shall at all times be totally subject to and subordinate to the needs of PGP, POCI, and/or their affiliates; that in the event PGP, POCI, and/or their affiliates shall require the use of all or a portion of the amount allocated to Inland, Inland shall have no recourse against PGP, POCI, and/or their affiliates for such shortfall; that PGP, POCI, and/or their affiliates shall not be obligated or liable for the water district's failure to perform under the Water Agreement; that Inland shall pay for the use of water the amount set forth in the Water Agreement; and that Inland shall further pay all costs and expenses caused by, or necessary to, Inland's use of such water, including without limitation the cost for the purchase or construction of any equipment or facilities.
Water Agreement. The Water Rights Permits Purchase Agreement shall be executed by Guarantor and delivered to Buyer effective as of the First Closing.
Water Agreement. The payment schedule set forth in paragraph 2 herein and referred to as the Settlement Amount shall be incorporated into the Town and Village Water Supply Contract (terminating December 31, 2037) to be entered into between the Parties no later than December 31 2021, in the form attached as Exhibit D.
Water Agreement. The Water Agreement requires periodic evaluations of enhancement/mitigation projects to be made by the Inyo County/LADWP Technical Group. As required by the Water Agreement, all existing enhancement/mitigation projects will continue unless the Inyo County Board of Supervisors and LADWP agree to modify or discontinue a project.
Water Agreement. Nothing in this Resolution changes the need for or the obligations contained in a Water Agreement for the Anarene West Property.