Option of Northern Colorado Water Conservancy District to Purchase Sample Clauses

Option of Northern Colorado Water Conservancy District to Purchase. Certain XXXX Xxxxx 0 Assets. The District shall have an option to purchase, within 180 days of adoption of a resolution of termination by the Enterprise pursuant to this Section 10, the real property necessary or useful for Glade Reservoir, Galeton Reservoir, and any of the associated diversion structures, pipelines, ditches, forebays, or other property or assets then owned by the Enterprise and determined by the District to be necessary to place water into storage in either or in each. The purchase price to be paid by the District for any XXXX Xxxxx 0 Assets subject to this Section 10.2(iii) shall be the price paid by the Enterprise for such asset plus the cost of capital improvements thereon or, if such asset was acquired by the Enterprise other than by purchase, the actual cost to acquire such asset. The proceeds of any sale of XXXX Xxxxx 0 Assets to the District under this Section 10.2(iii) shall be transferred to the non-defaulting XXXX Xxxxx 0 Participants in accordance with Section 10.3 below.