upr000068 51

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 veyed to ||m Water Company water mim to mrm proper­ties being developed by smell suMlvider# or applicants wtotojwwt to refund of tt# ooot pursuant to the Rwlaa fiM Regulations of ttom Water Oeapany mi file with the Pub- lie Service OenOaelOB of the State ot Nevada. Water ©oupany hereby assigns to the Matriet, effective mi the sale date, all ouch contracts which upon said Sat® are still wholly or partially unperformed, and the Dletriot hereby agrees,ef­fective as of the sal® date, to assume all liabilities, including liability for further refunds leader said contrasts, and to lndes#*i- fy and mm harmless the Water Cougamy from any liability for .re- . funds under said contracts subsequent to the sale date. In the e~ rent there are in the possession of the Water Company upon the sale date aunts of mm&w deposited with, it under such contracts as ad­vances for the construction of water stains which have net been ex­pended tm that purpose, Ids® wtssl of said unexpended amiss shall too deducted from the purchase price, and the district hereby .agrees te assume, effective as of the sale date, all liability under said con­trasts with respect te said unexpended cum®, iection ll. First Parties, and each of theta, reserve the right to convey or transfer any or all of the properties referred t# in Sections 1, j and # hereof at ary time prior to the sal# date to ene or mm of first Parties, or to other affiliated corpo­ration, upon the condition that such transferee shall mstvm the ob­ligation te convey and transfer it said properties te the Mobrlob upon the sale date in accordance with the provisions of this agree- if,