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o utilize the
<br /> r
<br /> L otice of the par�y seek'ng t
<br /> shall first prov�de Stonewall v%Ah w i�ten rn
<br /> Store lU
<br /> wall Shares and the amont per acres such park' propo,ses to pay AGLJA for
<br /> rigi r 12, l on ary tran
<br /> saction, and shall
<br /> SU%-.,h use. Stonewall shall have a it of -fist, refusa such
<br /> to the extent
<br /> at its discretion be entitled to reserve the Stonev�all Shares fG its cwn use
<br /> of water to members of
<br /> AGU"A %vvishes tC1 Ut'JiZe such Stonewail Sh@lres for provisjori non-ease
<br /> AGUA, In su npe
<br /> ch instance. Stone�vall shall not be ccrnsa. d under this L for any
<br /> "lable for A.GLJAts use. arid shall promptly refund
<br /> portiec-,n of the Stonewaill Shares. not aval urc-h relun Stoneviall shall have
<br /> any payments maae by AGUA for sjc�i shares, Upon s i
<br /> all rights to the use and dlsposwtiorj Of v�ate,- attributabl;e to the Stonewall Shares n is
<br /> ,L-ole arid cf,-)mpiete
<br /> s
<br /> 5, 6
<br /> n Defa! t: i the event of default her 'r run by It er partyhe, t non
<br /> .Ji f
<br /> N'E", W!"itten not!ce tO ing pailLy specifying the terms 0
<br /> Jie default
<br /> defa,jiting Pad shall g (31) days after- receipt of
<br /> the par.,�cular default and *L-he defauilfirig pa"ty ha t�,a v e tWty
<br /> i r1dertake end proct-_-)ed dliligently to cure. su I c-h default. In
<br /> I-lo tic e either to CUTe or u, --,Is [ease shak
<br /> oarty s1la,11 cL,,re. the default n a, timely nianner, ti
<br /> the zevent the defaulfing 1" 1
<br /> ecl- In the everit any
<br /> D tliough mo deLlault had occ,uf
<br /> cor,fin(,;e in fell fO�Ice and effect a%. L
<br /> -�on-defau!`ng PaJ1Y MaY elect its remedles
<br /> t rnely manner the n
<br /> default 15, rl,,Ql cure,,, i T,,i a i
<br /> as follows.-
<br /> C
<br /> A. Suit for damages.
<br /> .f this, agreement at the electior, of the no.i-de"au"t
<br /> B. -T e r
<br /> Ej Fty
<br /> L nate at the end of tn -
<br /> T-e-rmina tion-, Pi`%s Le.-ase sh-qk alutomatJcally ter ml
<br /> t P,r r.,i. TI-ils Leal_;e shall alsc termInate �jpon th,e e-1,eC"fion of eilLher party to te rm nate
<br /> c,- other, party has occurred. Such terrnination shall,
<br /> sarne after an unc:Jred defaUl,t by th e �iay be uit-mately ob'ligated to PaY
<br /> y frcim any aarnagCIISII
<br /> LMg Da.rl'y
<br /> nit relieve the defaul,`
<br /> to try.e
<br /> 'bility or liabili,ty
<br /> [,espo)si 1. 1
<br /> T IndEarTIT71 -sing as ic
<br /> K,['!,'ty ),��hatsoever asserted or an
<br /> or 1'"a��1:-1
<br /> vo,ialtsoevef for any demand, action AGUA shall 'indemnify and
<br /> M of t�je �ise of the I-e-ased kvater rights by AGUA, arid le d resUq. %..0 1 1:ability v4iatsoever asser
<br /> hold, harniless Stoiiewall fry arlY cl@_ni, dernand, action Or 1
<br /> suit of the lure of the leased water rights IZ-)y AGUA In addition, AGUA
<br /> or arlsinr�j as a re a,11 costs and expenses �including,
<br /> la,i aga n s t,
<br /> If L
<br /> _el,�s to ab 0ij 1k 1;7110 ipa,% an ds ttor rjien)d.�eamlln r-y -St
<br /> oonnae-bl e ttoriey fees) i rcur
<br /> n limited to, red by or .,n
<br /> posed upon Soneal n aitigtioto Stone\va[l becomes party
<br /> twi. c- irclTetl il as
<br /> a es G :a` b Incurred b
<br /> t f fthe. leased %, ater rights yAA. oh,
<br /> rulL y
<br /> c,j 1�1,n covena e I
<br /> r c nts and agreemn -ints of' this Lease Wth or
<br /> n
<br /> oJorevvall in enforr'; j �iny I
<br /> any
<br /> Vel,at�nq to the Leased V\MEF OF action c,'- w C or,
<br /> w,tl-jout tl-ie institut.,on of of
<br /> I jrat�on or ter- iat
<br /> l
<br /> sess�an after an Event of Default or upon exp in-st ah
<br /> n 0 D Ing Pos nd to indemnify AGUA aga
<br /> Sto'nevva1l,1 agFees to pay, a
<br /> this �_ease
<br /> 4
<br />
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