Examples of Water Allocation in a sentence
The Water Allocation is at the Buyer’s risk from 5pm on the Date of this Agreement.
The Seller may transfer the Water Allocation to any person who enters into a deed of covenant in favour of the Buyer to be bound by this Agreement in place of, and to the same extent as, the Seller.
However, the Buyer must pay all duty (including any penalties) on or arising out of this Agreement and any Associated Documents, and any duty (including any penalties) in respect of the transfer of the Water Allocation from the Seller to the Buyer.
Each time there is an expansion there shall be a similar re-allotment of Capital Costs and Obligation commitments for Common Capital Components based on the new Water Allocation Table and a reimbursement to existing Project Participants for Capital Costs and Obligation commitments paid for Common Capital Components which benefit the expansion Project Participants.
If the Seller is required to do any or all of the matters stated in clauses 2.1(a) to 2.1(c) to enable it to sell the Water Allocation to the Buyer then Completion of this Agreement is subject to and conditional upon the Seller effecting those matters.