Owning Parties definition
Examples of Owning Parties in a sentence
Such JOMA shall specify one of the Owning Parties as the Lead Owning Party for the purpose of Commercialisation of the jointly owned Foreground IP.
Because the infrastructure and projects identified in Articles 6 and 7 are for the mutual benefit of the Parties and are consideration for this Settlement Agreement, the Water Rights Owning Parties agree to the following waivers of protests, objections, or opposition in any manner.
Subject to the other provisions of this Settlement Agreement, the Water Rights Owning Parties shall waive protests to any future transfer of surface water rights from the footprint of any structure permanently affixed to the ground to a mutual domestic water consumer association, a water and sanitation district, the Town, or other provider of municipal water service.
If the Future Water Supply Well Field and the Taos Regional Airport Well do not produce at least one thousand five hundred (1,500) GPM, combined for a continuous 96-hour period, the Water Rights Owning Parties agree to assist the Town in obtaining additional funding outside of this Settlement Agreement to provide replacement capacity.
The Water Rights Owning Parties shall execute, as appropriate, any cooperative agreement or agreements that may be necessary with respect to operation, maintenance, and replacement costs associated with the delivery of offsets by the Mitigation Well System.
The Water Rights Owning Parties shall maintain records of daily diversions for fifteen (15) days prior to their water level measurements and the length of time the well was off before the measurement.
The Water Rights Owning Parties shall not protest any payback action or application for such action that is consistent with the terms of that letter.
The Research Organisation will notify GRDC as soon as practicable after becoming aware of any third party patent rights that may be infringed by the Owning Parties' use of the Project Outputs.
For purposes of enforcing the provisions of this Settlement Agreement, the Water Rights Owning Parties shall install and maintain totalizing meters or other appropriate measuring devices on all ▇▇▇▇▇ diverting more than three (3) AFY, collect and compile diversion data, and make such data available to the other Parties upon reasonable request and payment of reasonable costs.
In addition, if, after the Enforcement Date, EPWSD, TVAA, or the MDWCAs receive funding from the State that is not adequate to acquire and transfer the water rights set forth in Articles 6.1.2, 6.3.1.8, and 6.4.4, the Water Rights Owning Parties shall reconvene and negotiate in an attempt to obtain funding sufficient to complete the acquisition and transfer of those water rights.