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the Change Application or any governmental or quasi-governmental decisions <br />relating thereto will have been resolved to County's satisfaction. <br />8.4 Ounnti I of Wat r Approved by Ecology a Trust Water Right. Sellers and <br />County estimate that Ecology's review of the Water Right for transfer into the Trust <br />Water Program will be based on calculation of at least 2.6 AF/acre of consumptive <br />use and result in approximately 156 AF/year of consumptive use water for transfer <br />into the Trust Water Right Program for combined use as mitigation of groundwater <br />use in Kittitas County and under Sellers' Reserved Quantity. <br />8.5 No Material hange.-;. Between the Effective Date and the Closing Date, there <br />will have been no material adverse change to the Water Right, including, without <br />limitation, the following: (i) adverse changes in legal or equitable title to the Water <br />Right, (ii) defaults, breaches, violations or actions filed or taken under any <br />mortgages, deeds of trust, or any other document or agreement, and (iii) the <br />creation or occurrence of additional, or any adverse change to, any legal restrictions <br />or other circumstances. <br />8.6 Waiver f ontingencies. County may waive, in whole or in part, any <br />condition precedent to the County's performance under this Agreement. Sellers <br />may likewise waive, in whole or in part, any condition precedent to its performance <br />under this Agreement. All contingencies or conditions precedent described in this <br />Section 8 will be deemed waived once both the County and Sellers have delivered <br />all items that each is required to deliver for closing pursuant to this Agreement. <br />9 . Wbeu and How Purdtase Price Will Be Paid. At Closing (as defined below), the <br />entire Purchase Price, subject to any credits, deductions, prorations or adjustments <br />provided in this Agreement, will be paid to Sellers in cash or equivalent cleared funds. <br />I 0. Lea . cbnck Provisions. Upon Closing, the County agrees to lease to Sellers and <br />Sellers agree to lease from County at least enough water sufficient to irrigate the full <br />number of irrigable acres identified by Ecology pursuant to the Change Application each <br />year ("Leaseback Water") for twenty (20) years from the date of Closing (hereinafter "the <br />Initial Leaseback Period"), except in those years in which there is a drought in the <br />Yakima Basin , in which instance the County is under no obligation to lease any water <br />back to Sellers. For purposes of this Agreement, a "drought" shall mean (a) a year, or a <br />portion thereof, when the water supply for the Yakima River Basin is below seventy-five <br />percent of normal, as confirmed by the Bureau of Reclamation, and "junior" (post-1905 <br />priority) water rights are pro-rationed or curtailed, or (b) a year in which the State of <br />Washington declares a drought in all or part of the Yakima River Basin pursuant to WAC <br />173-166-060. <br />Notwithstanding the above, in any year in which Sellers have received Leaseback Water <br />from the County before a "drought" has been confirmed or declared under either of the <br />Purchase and Sale Agreement <br />Between Kittitas County and <br />James and Hazel Treat <br />Page 5 ofl3