Examples of Water Rights Agreement in a sentence
The promissory note is secured by a first priority deed of trust on the property related to this TLC Water Rights Agreement.
The Borrower shall cause the counterparties to the Shared Facilities Agreement, Easement Agreement and Water Rights Agreement to execute a Consent to Assignment concurrently with or promptly following the execution of each such Material Project Document.
Purchaser and Seller shall have executed and delivered the Interim Water Rights Agreement, in form and substance that is satisfactory to the parties.
In September 2020, the Company entered into the TLC Water Rights Agreement (Note 7).
The Water Rights Agreement shall provide that Kaiser and SDC will jointly own Four- Hundred and Seventy Five (475) acre feet of Mill Site Water Rights; provided, however, SDC shall have the first priority of use and beneficial use of the annual water entitlement represented by such Mill Site Water Rights.
The promissory note was secured by a first priority deed of trust on the property related to this TLC Water Rights Agreement.
LCH is a sophisticated investor, knowledgeable and experienced in securities, financial and business matters and in transactions of this nature, and has made its own assessment of the value of Pure Cycle, the common stock, and of rights under the Rangeview Water Rights Agreement.
Upon payment in full by Pure Cycle of the cash component of the Consideration and delivery by Xxxxx of any instruments of transfer in respect of the Transferred Collateral as may be requested by LCH, all rights or claims of LCH relating in any way to the Notes, the Returned Collateral, Rangeview Water Rights Agreement, or any rights to receive payments from the sale of Export Water will be extinguished.
Except for, and limited to, the water rights described herein and in the Mill Site Water Rights Agreement, neither Penske nor the Corporation shall have any or acquire an interest in any water rights of any nature or kind, including, but not limited to, all riparian and appropriative rights to surface water and all water rights now or in the future represented by water stock currently owned by Kaiser.
As of the closing date, LCH shall cease to possess any rights or claims with respect to the Notes, the Returned Collateral or the Rangeview Water Rights Agreement and Xxxxx shall cease to possess any rights or claims against LCH with respect to the Transferred Collateral.