INITIAL FORBEARANCE Sample Clauses

INITIAL FORBEARANCE. The Pueblo shall initially limit the exercise of its HIA Right to the irrigation of the two thousand three hundred twenty-two and forty-five hundredths (2,322.45) acres of recently irrigated acreage, which are those lands, allocated by ditch, identified in Table 1 below and consisting of seven hundred five and forty-nine hundredths (705.49) acres irrigated from the Rio Pueblo de Taos and one thousand six hundred sixteen and ninety-six hundredths (1,616.96) acres irrigated from the Rio Xxxxxx, as of May 30, 2006. Any increase in the Pueblo’s exercise of its HIA Right above this initial amount shall be in accordance with Article 5.1.1.2.2.
AutoNDA by SimpleDocs

Related to INITIAL FORBEARANCE

  • Forbearance Any forbearance by Xxxxxx in exercising any right or remedy under this Note, the Security Instrument, or any other Loan Document or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of that or any other right or remedy. The acceptance by Lender of any payment after the due date of such payment, or in an amount which is less than the required payment, shall not be a waiver of Lender's right to require prompt payment when due of all other payments or to exercise any right or remedy with respect to any failure to make prompt payment. Enforcement by Lender of any security for Borrower's obligations under this Note shall not constitute an election by Xxxxxx of remedies so as to preclude the exercise of any other right or remedy available to Lender.

  • Unavoidable Delay When construction is impeded as a result of strikes, lockouts, acts of God or other factors beyond the control, and ability to remedy, of the Developer.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!