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GENERAL55397
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GENERAL55397
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Last modified
8/24/2016 8:40:25 PM
Creation date
11/23/2007 10:24:16 PM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M2004078
IBM Index Class Name
General Documents
Doc Date
10/18/2006
Doc Name
Special Warranty Deeds and Assignments
From
Denver Water
To
DRMS
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
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(c) Any reclamation obligations under the Permits (other than the obligations <br />to install any slope lining and all other lining of the pits which are Assumed Obligations <br />assumed by Denver), it being understood that the Assigned Rights and Bromley Retained <br />Rights include all rights the Purchasers may have against the Tencurt under the Mining <br />Lease to perform all of its reclwnation obligations as.described in the Mining Lease. <br />5. 'Pro ortionate Shares. <br />(a) Purohasers' Proportionate Shares. For purposes o.f this Assignment, the <br />respective Proportionate Shares ofthe Purohasers shall be as follows: <br />urchaser Proportionate Share <br />D,envei~ 91,525 <br />Bromlcy 8.475 <br />Total 100.000% •° <br />(b) Parties' Proportionate Shares. For purposes of this Assignmcnt, the <br />respective Proportionate Shtuoa of the Parties, which represent a.reallocation of Denver's <br />Proportionate Share among Denver, So. Adams and the FRICO Companies, are as <br />follows: <br />Party Proportionate Shares <br />Denver 43.354 <br />So. Adams (on behalf of Deaver) 13.648 <br />FRICO Companies (on behalf ofbenver) 34.523 <br />Bromley ' 8.475 <br />Total 100,000% <br />6. Pa~nents to Sellers. <br />(a) implemental Deposit. The Parties have previously made Supplemental <br />Deposit Payments to the Escrow Agent pursuant to an Agreement among the Parties <br />dated hily 26, 2006, such that the following amounts have been paid to $scrow Agent <br />and Sellera as their respective Proportionate Shares of the Deposit and Supplemental <br />Deposit ($2,075,000): <br />Denver $ 899,491.75 <br />So, Adams (on behalf ofbenver) 283,237.50 <br />FRICO Companies (onbehal£o£Denver) 716,414.50 <br />Brotriley 17S.8S6:25* <br />Total $2,075,000.00 <br />' The amount to be paid by Bromley to Sellers shall b8 $100,856.25 in recognition that <br />Bromley previously paid $75,OOb to Sellers as the Deposit. <br />laosoei ss i ~l - 4 <br />
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