My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
PROJ01887 (2)
CWCB
>
Loan Projects
>
DayForward
>
0001-1000
>
PROJ01887 (2)
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/9/2011 1:45:51 PM
Creation date
2/21/2008 2:08:05 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150229
Contractor Name
Logan Irrigation District
Contract Type
Loan
Water District
0
County
Logan
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
32
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />Prewitt Operating Committee <br />AGREEMENT-September 1,2006 <br />Page 3 <br /> <br />2.3.3 Remedy. If any Owner shall fail to remit its pro rata share of debt <br />service or debt service reserves on the CWCB Loan timely, then the Prewitt Operating <br />Committee shall withhold delivery of the defaulting Party or Parties' water from Prewitt <br />Reservoir until such time as the default in payment has been cured. <br /> <br />3 <br /> <br />Other. <br /> <br />3.1 Third Party Beneficiary. The Parties hereto acknowledge and agree that the terms <br />of this Agreement are intended to benefit the CWCB by providing further assurance of <br />repayment of its construction loan to the Logan Irrigation District for financing of dam safety <br />improvements at Prewitt Reservoir, and that the CWCB is an intended third-party beneficiary of <br />this Agreement entitled to enforce its terms. <br /> <br />3.2 Change of Entity Structure. The Parties hereto acknowledge and agree that should <br />the Logan Irrigation District determine to change its entity structure (e.g. convert from an <br />irrigation district to a mutual ditch company) prior to retirement ofthe CWCB Loan, then all <br />Parties will cooperate to repay, defease, or restructure the CWCB Loan so that the portion of the <br />CWCB Loan issued to finance the pro rata share of the cost of spillway construction of the Iliff <br />Irrigation District and the Morgan-Prewitt Reservoir Company will not impede the desired entity <br />conversion of the Logan Irrigation District. <br /> <br />Executed on this I~ tJ;rlay of (!)(I.J. (} ~ ,2006. <br /> <br />ILIFF IRRIGATION DISTRICT <br /> <br />/ -~ '/ .7 ,- "";,." ;:- <br /> <br />::+;t;;Z <br /> <br />LOGAN IRRIGATION DISTRICT <br /> <br />By: <br /> <br /> <br />Attest: <br />
The URL can be used to link to this page
Your browser does not support the video tag.