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Last modified
8/16/2009 2:36:56 PM
Creation date
8/5/2009 12:13:04 PM
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Board Meetings
Board Meeting Date
7/22/2009
Description
WSP Section - Animas La Plata
Board Meetings - Doc Type
Memo
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~? I]efauIt. tn the e~ent that any Member (or Member's transferee) defaults in <br />paying sums due for ALF DM&R cvsts vn accaunt of its inter~st in the ALP, or in meeting its <br />other obligatians under this Agreem~nt and such default continues fnr a periad exceeding ~it~e~n <br />[ 1~) days, the Management Cocnmittee sha11 provide nat~ce af #he defauit to the defaulting <br />M~mber [or €ransferee] and the defaultin~ IV~ember f or tr~sferee} shall have a p~rind of sixty <br />(6p) d~ys frotn the date afthe nntice in which tn cure the defauft. IFthe default is nat cured <br />within the sixty-~ciay cure period, then the Management Committee, acting ~s set Fvrth in Sectian <br />3.2.3.3, may pm~ide nc~tice to t~e defaulting Member tar transferee}, arnd thereafttr withhald <br />~I.P water atherwise deli~erable tQ that Mem6er {or transfexee) unril the default is resal~ed to <br />the satis~action af'the majority af the nan-defaulting M~mbers that ~atcd ta withhnld water. A <br />dcfault may be cu~:d by the payment nf all amounts past due and out-of-pocket ~xpenses <br />incurrr:d E~y the Association as a result afthe default, whereupan ALP water far the year in which <br />th~ payment is made shall be deli~ered ta the cwting Merr~ber (or transfer~e). `I'he withholdir-g <br />nf A[~P watcr t~.s sct farFh herein st:all he the nnly remedy appli~d by the Members or the <br />Assnciatian against a Memher (ar transferee) in Default, except for {i) judi~ial declaratary an~lar <br />injuncti~re r~:Ifef ~s set forth ir~ Sections 4.7 and 4.9, and [ii) relief from the Secretary af the <br />Interior. 'The Mana~ement Cammittc~ may lease, at its disGretian, and ~'~r na mare than one y~ar, <br />any water withheld by ~irtue of the un~ured default ta Me~nbers andlar r~vnt-Members. <br />~.3 Bindin~ E~'ect and ASSignahilitv. 'Fhe terms and ab~i~~tians cantainec~ in this <br />A~;recm~nt shal! be binding upon, and shall inure ta the henefit of, the Parties and their <br />successors ~nd assigns, and tl~e Members and the Members' transfere~s of int~rests in the ALI'. <br />~.4 ~€v_ Third Party, Bene~ciaries. 'I'his Agreernent is intended tc~ describe the rights <br />and respnnsibilities af the Yarties heretv. 7fiis Agrcemeni is nvt intended and shal~ not he <br />deemed to cnnfer any ri~hts on any persan or entity not naxned as a Yarty heretn,exeept ~s set <br />forth in Section 2.3. <br />~.5 Se~~rabilitv. Cn~alidalivn af any nf the provisions af #his ~greement, includin~ <br />the U~n;ratian Principles, ar of any paragcaph, sectinn, sentence, ci~use, Pt~rase, or word h~rein, <br />ar the application ther~of in any circ~mstanc~, shall nat ai~'e~t the ~alidity oFthe rer~nainder o~ <br />this A~r~r:ment or thc Operation Rrincipies. <br />~.5 Amencim~nt. "Ihis Agreemen; rraay b~ amend~:d or rrtadiFed only by an <br />a~nendme~t in writing signed hy alt Mernhers, except fnr the Dperatinn Princi~les, whiGh may ~Se <br />amcnd~:d or znadified by unanimous ~ote ofthe ManagcmGnt Cnmmirice, provided that <br />Paragraph 7.43 of the ~~eratian Frinciples may anly he chan~ed as set fort~t therein. <br />4.7 Gavernmental immunitv. The Pazties agree that neither any provision in this <br />Agreement nnr any action und~rtalcen by a PartylMember ar its aff'icials azid empioyecs pursuant <br />tcti this A~r~ement shall cansti#utc a wai~er of any right, imrnuniry, nr prat~ctian pro~ided a <br />ParlylNfeml~r under applicable tribal, state ar federal [aw ~an~erning go~emtnenta~ itntnunity. <br />Notwithstandin~ the previo~s sentence, if necessary under applicable law, #he Parties wai~e <br />P~~e 9 of 1 ~ <br />
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