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20. Sales Tax or Other Taxes. In the event any sales tax or other tax is levied on the water <br /> leased under this Agreement, Lessee agrees to pay said tax. Lessee may, however, contest the <br /> imposition of any such tax at its own expense, and the requirement of such payment under this <br /> Agreement is without prejudice to Lessee's right to contest any attempted imposition of tax. <br /> 21. Assignability; Sublease. <br /> 21.1 This Agreement may be assigned, in whole or part, by Lessee subject to prior <br /> written approval of said assignment by Pueblo Water, which approval is in the sole discretion of <br /> Pueblo Water. <br /> 21.2 Lessee may sell or sublease the water obtained from Pueblo Water under this <br /> Agreement to the Town of Victor, without further approval of Pueblo Water; however, the sale <br /> or sublease agreement with the Town of Victor will provide that the agreement is subject to all <br /> the terms of this Agreement, including but not limited to, the requirements that the Town of <br /> Victor will not pay a higher price for the water than Lessee pays Pueblo Water for the water and <br /> that any sale or sublease of the water by the Town of Victor will be subject to the prior written <br /> approval by Pueblo Water as provided in paragraph 21.3 below. <br /> 21.3 Lessee may sell or sublease the water obtained from Pueblo Water under this <br /> Agreement to parties other than the Town of Victor subject to prior written approval by Pueblo <br /> Water, which approval is in the sole discretion of Pueblo Water; however, Lessee will not sell or <br /> sublease water to third parties at a higher price than it pays Pueblo Water for water under this <br /> Agreement. Sale of the water under this paragraph does not include its delivery to Lessee's <br /> customers as part of Lessee's normal water supply operations. <br /> 22. Waiver. Failure of either party hereto to exercise any right hereunder is not a waiver of <br /> such party's right and does not affect the right of said party to exercise at some future time said <br /> right or rights or any other right it may have hereunder. No waiver of any of the provisions of <br /> this Agreement will be deemed or constitute a waiver of any other provision, whether or not <br /> similar, nor will any waiver constitute a continuing waiver. No waiver is binding unless <br /> executed in writing by the party making the waiver. <br /> 23. No Exclusive Right or Privilege. Nothing in this Agreement is to be construed as a <br /> grant by Pueblo Water of any exclusive right or privilege. <br /> 24. Title to Water Rights. Nothing herein is to be interpreted to give Lessee any legal or <br /> equitable title in or to any of Pueblo Water's water rights. <br /> 25. Notices. All notices to be given with respect to this Agreement must be in writing. <br /> Unless otherwise provide in this Agreement, each notice must be sent by first class mail, postage <br /> prepaid, to the party to be notified at the address set forth herein or at such other address as either <br /> party may from time to time designate in writing. Every notice will be deemed to have been <br /> given at the time it is deposited in the United States mail in the manner prescribed herein. <br /> Nothing contained herein is to be construed to preclude personal service of any notice in the <br /> Page 5 of 7 <br />