Water Leases definition
Examples of Water Leases in a sentence
Grantor and Grantee hereby acknowledge and agree that the Royalty, obligations and rights conferred by this Royalty Agreement are intended to, and do, constitute covenants that run with the leasehold interests granted under the Water Lease(s) and the Mining Leases land and shall inure to the benefit of and be binding upon the parties and their respective grantees, transferees, successors and assigns with respect to such leaseholder interests.
Nothing in this Section 8.4 shall be interpreted to create an obligation to renew the Water Leases upon their expiration or termination.
The Parties agree that the Water Leases are a material part of the consideration to Seller.
Greeley and ▇▇▇▇▇▇ agrees to enter into the Water Leases at Closing, subject to the terms and conditions set forth in this Agreement.
Total consideration for the Property and the ROFR Agreement shall be (i) ten million, nine hundred thousand dollars ($10,900,000.00) (“Purchase Price”); (ii) conveyance of the Land to Seller; and (iii) the Water Leases.