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2011-03-14_REVISION - M1977493 (41)
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2011-03-14_REVISION - M1977493 (41)
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Last modified
6/15/2021 5:47:18 PM
Creation date
4/6/2011 8:43:09 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977493
IBM Index Class Name
REVISION
Doc Date
3/14/2011
Doc Name
Exhibit List, Exs. 17 & 18
From
Climax
To
MLRB
Type & Sequence
AM6
Media Type
D
Archive
No
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<br />r <br /> CM0000883 <br /> <br />t credits owned or controlled by shareholders of the Reservoir Company into storage in Eagle Park <br /> Reservoir. <br /> 3. Reservoir Company Performance Obligation. The Reservoir Company shall a °? <br /> <br />z, <br />diligently undertake reasonable efforts to obtain from the Colorado Water Conservation Board N as, <br />U1 mW? <br />J the purchase price funds pursuant to the terms of the February 24, 1997 and March 7, 1997 <br /> letters of approval attached hereto as Exhibit B (hereinafter the "Reservoir Company's C9 C? <br /> Obligation').. <br /> a <br />i ! 4. Joint Performance Obligations. Climax and the Reservoir Company shall both z <br /> <br />1'k diligently undertake reasonable efforts to perform the following, all of which are referred to m w='? <br /> herein as the "Joint Obligations": 6 <br /> <br /> <br />(a) To the extent such permit is necessary, obtain a 1041 permit from Eagle r- CD- <br />A <br />' County to enable delivery of water from Eagle Park Reservoir to the East Fork of the Eagle c, a <br /> River. 3 <br />f r <br />.q <br /> <br />` (b) Obtain any and all other federal, state and county Permits necessary for the ?s <br /> operation of any aspect of the Eagle Park Reservoir Project. To the extent reasonably possible, <br /> said permits shall also authorize the operation of the East Fork Pumpback Facility. . <br />(c) Obtain from Colorado Springs and Aurora an agreement subordinating the <br />Eagle-Arkansas, Homestake II, and Camp Hale Projects, to the water rights decreed to Eagle <br />Park Reservoir in Case Nos. 92CW340 and 95CW348. The parties agree that this obligation will <br />"? . be satisfied by the execution of the memorandum of understanding attached hereto as Exhibit C. <br />5. Conditions Precedent to Purchase and-Sal e. The Climax Obligations, <br />Reservoir Company Obligation and Joint Obligations are sometimes collectively referred to <br />A herein as the "Conditions Precedent." If all of the Conditions Precedent have not been satisfied <br />40 within two years of the date of this Agreement, then either Climax or the Reservoir Company <br />f may terminate this Agreement by written notice to the other party; provided, however, that <br />either the Reservoir Company or Climax may (a) by written notice to the other party at least 60 <br />days prior to the expiration of such two year period, elect to extend the two year period for an <br />.= additional six months; and/or (b) waive any of the performance obligations set forth in <br />paragraphs 2, 3 and 4 above owed by the other party or by the parties jointly. However, no party <br />,? . <br />may waive either its own performance obligations or the joint obligations set forth above without <br />the express written consent of the. other party. No Condition Precedent shall have been deemed <br />satisfied or waived until and unless the parties hereto both specifically agree in witting that such <br />` <br />a ` Condition Precedent has been satisfied, or until both parties specify in writing that such <br />Condition Precedent has been waived. A further condition to Closing shall be that all of the <br />representations and warranties of the parties set forth in paragraphs 12, 13 and 14 below remain <br />"'' true as of the Closing. <br />__;Jr` <br />i ' <br />} W2669 -4- <br />1 111111 1111111111111111 T 1111111111111 <br />666203 08/17/1998 03:10P 23 Sara Fisher <br />4 of 112 R 561.00 D-0.00 N 0.00 Eagle CO <br />•
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