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As H-Sted in the above chat the acre feet for each corresponding year shall be both <br /> tr�-, <br /> the minirnum and the maximum quantity of water to be paid for and delivered under <br /> this Lease 4Q <br /> I for each of the 5 contract years. Lessee's failure to take delivery of its <br /> full ieased,and paid for m-nount of water in any one lease ,year shall not entitle <br /> Lessee ta ni me than the aount paid for as listed ire. the above chart in any <br /> subsequent year or to an extension of the terms of this lease. Any paid for but <br /> unused water in one tease vear shall not entitle Lessee to carry over that Unused <br /> amo-unt-to any subsequent ye at. <br /> 2. Purpose. '.Fhe water delivered pursuant to this Lease may be used by Lessee only <br /> to replace dep-letions pursuant-to Lessee's Replacement Plan. Dist-fict Nvill cooperate-with Lessee <br /> to identify entify thesources of the District's Consumable Water delivered pursuant to this Lease. Lessee <br /> shall be responsible for drafting any such plan, obtaining necessary approvals for any such plan, <br /> administration and ac-counting for any such plan,and for all costs associated with Such plan. <br /> , fn cons' <br /> 11 1-d-cratfon of the�vater to be del 1"VCred-Linder this I-ease, Lessee shall <br /> -i RenlA <br /> pay District the followilICTM: <br /> (a) a nonre-ftindab[e oricrinal application fee of due and pa able upon <br /> I zl:; <br /> execution of this Lease; <br /> (b) annual lease payments for the minimuni amount acre'feet of water listed in the <br /> chart insection i -above of S per acre-foot per year; $ as aper acre-foot V�Titer <br /> 1'ee and S per acre lboi tor annual storac�e,maintenance an administration fee:and <br /> per acre foot for each acire -Foot requested and defivered above -lie <br /> Millie ul-11 Lill-It-)UM listed fe'r eacj) year as listed In the-chart M section I above, i'or a 4C:ot-vA <br /> annual Mildinum of S f-or the first year. Lessee shall pay the <br /> EDIstrict'die First t-otzd anntial lease paym-eiu upon execution of th-is Lease. Lessee shall pv.-\.- <br /> District all subzequ.-I nt total annu,.i I lease paymems by the first day oI each stebseqlrent Tease <br /> year. <br /> 4. Term.- This Lea,.se shatt be effective for 5) calendar years commencing on the date <br /> of full execution of this Lease. The District shall not be responsible for delivering water to replace <br /> any depletions from Lessee's Replacement Plan, including any post-plan depletions after the ten-n <br /> of this Lease. <br /> 5 Escalation. Bealnifln(ff one year after the execut-lon date of this tease and connnuina <br /> for each year throughout the remaining term of this Agreement, the charge l'or water and storage <br /> delivered by the District to Lessee shall be subject to an annual escalation of 3-:5'1/6 over the <br /> previous-year's per acre foot rate. <br /> Lona-term,Lease 6/4/46 <br />