Common use of Water Rights Clause in Contracts

Water Rights. The Company will maintain and procure water rights with such quantities, priorities and qualities as are necessary adequately to serve the present and reasonably anticipated needs of its customers. The Company will continue to control, own or have access to all such water rights free and clear of the interest of any third party, will not suffer or permit any transfer or encumbrance of such water rights, will not abandon such water rights, or any of them, and will not do any act or thing which would impair or cause the loss of such water rights.

Appears in 8 contracts

Samples: Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp), Bond Purchase Agreement (Artesian Resources Corp)

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Water Rights. The Company will maintain and procure Company: (1) has water rights with such quantitiesamounts, priorities and qualities as are necessary to adequately to serve the present and reasonably anticipated needs customers of its customers. The Company will continue to controlthe Company; (2) controls, own owns, or have has access to all such water rights free and clear of the interest interests of any third party, will ; (3) has not suffer suffered or permit permitted any transfer or encumbrance of such water rights, will has not abandon abandoned such water rights, or any of them, and will has not do done any act or thing which would impair or cause the loss of any such water rights.

Appears in 1 contract

Samples: Master Loan Agreement (Southwest Water Co)

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