Common use of Holding of Shares Clause in Contracts

Holding of Shares. 3.1 The supply of Water by the Company to the Xxxxxx is conditional upon the Xxxxxx holding that number of shares as is set out in Schedule 1 for every litre per second of supply for the of land to be irrigated. The shares to be held shall be both I Shares and D Shares unless otherwise agreed by the Board where the Xxxxxx is taking water through an Adjoining Scheme as approved by the Board pursuant to Clause 2.3.

Holding of Shares. 3.1 The supply of Water by the Company to the Xxxxxx Farmer is conditional upon the Xxxxxx Farmer holding that number of shares as is set out in Schedule 1 for every litre per second of supply for the of land to be irrigated. The shares to be held shall be both I Shares and D Shares unless otherwise agreed by the Board where the Xxxxxx Farmer is taking water through an Adjoining Scheme as approved by the Board pursuant to Clause 2.3.

Holding of Shares. 3.1 The supply of Water by the Company to the Xxxxxx is conditional upon the Xxxxxx holding that one share for every 0.01 litre per second of water to be supplied for the Property to be irrigated as set out in Schedule 1, or such other number of shares as is set out in Schedule 1 for every litre per second of supply for the of land to be irrigated. The shares to be held shall be both I Shares and D Shares unless otherwise agreed specified by the Board where the Xxxxxx is taking water through an Adjoining Scheme as approved by the Board pursuant to Clause 2.3provided for in clause 3.2.