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<br />payment for each of the next three years will be $3,750,000.00 <br />(assumed Base Rental) minus the quotient of $2,500,000.00 divided by <br />3, or $2,916,666.67 per year. <br />Following the making of the reduced payments hereinabove <br />specified, Denver shall pay to the River District in January of each <br />year of the remaining term of tne Lease the sum of $3,750,000.00, <br />subject to adjustment as herein provided, which shall be considered <br />as the aBase Rentala for the purposes of this Agreement. The Base <br />2ental is based on a price of $~50 per acre-foot of Firm Annual <br />Yield of water per ,year available for delivery to Denver and on the <br />assumption that the operational hydrology will support and the <br />, <br /> <br />Project is operated in a manner that will deliver to the outlet <br /> <br /> <br />works for Denver's use a Firm Annual Yield of 15,000 acre-feet. The <br /> <br />Base Rental and all rental payments are subject to reduction if the <br /> <br /> <br />for~going assumption of yield established under paragraph l(d) <br /> <br /> <br />herein :s determined by the parties to be an over-statement ot:the <br /> <br /> <br />operational hydrology of the Reservoir. In the event the permits or <br /> <br />other factors reduce the Firm Annual Yield. of the Reservoir to <br /> <br /> <br />Denver, 'the foregoing payments' and thl Base Rental shall be <br /> <br /> <br />proportionally reduced. The rental payments from Denver to the <br /> <br /> <br />River District shall be made by Denver to the River District without <br /> <br /> <br />fail in a timely fashion and without any offset by reason of any <br /> <br /> <br />obligation which may hereafter exist by the River District to <br /> <br /> <br />Denver, liquidated or unliquidated. <br /> <br />Repairs causing an impairment of water available to Denver under <br /> <br />.this Lease. will reduce the rental to be paid by Denver. Impairment <br />