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and the third party applicant if any, or the deposit of any other documents required for <br />closing, <br />4.1,1. The escrow shall close within thirly (30) days of the occurrence of <br />the last of the following events: <br />4.1.1.1. Mutual execution of all agreements and documents <br />contemplated by or collateral to this Agreemenq <br />4,1.1.2, Roan's deposit of an executed docunrent in a form <br />acceptable to Ecology permanently allocating a portion of the then <br />available and unallocated Water in Trust to the proposed purpose as set <br />forth in the new water right pennit, water budget neufral determination or <br />assigrunent of one of the 8 groundwater permits; <br />4.1.I.3. The giving of all requisite public notices for actions <br />contemplated by such transaction; deposit of the ROE and the new water <br />right p;rmit or water budget neutral. detemination, each in form and <br />eontent acceptable to Roan and such third parly, if any; <br />4.1.1.4. The expiration of all noticq comment and appeal <br />periods related to the full implementation of this Agreemenf the ROE, and <br />lhe n"w water right permit or water budget neutral determinatio$ and <br />4,1.1.5. The deposit of alt moniesn documents and things <br />reievant and necessary to conclude the transaction between Roan and any <br />third party, <br />4.1.2, Roan shall pay fiSy percent of the escrow account fee and the third <br />parry shall pay the other fifypercenL <br />4.T.3, Roan and any third pa{y having the right to do so under an <br />agreement with Roan, may, at any time prior to closing of escrow and without <br />oausq withdraw the new applicatioa, request for deteunination of water budget <br />neuffility or assigument request of one of the 8 groundwater perrnits or othelwise <br />prevent any allocation of any portion of the Water to such transactiott- <br />4.7.4 Roan shall subordinate the exercise of his remaining portion of <br />Court Claim 00648 in the event that Ecology determines that a call for water <br />would reduce the amount of mitigation available to assignees of one or more <br />of the 8 groundwater permits, water budget neuhal detentrination or new <br />water right permit related to the Water in Trust. <br />5. During the Term and in its capaoity as a fiduciary, Ecolory shall hold and manage <br />the Water in Trust pursuant to chapters 90.38 RCW'and90"42 RCW and tltis Agreement <br />as a part of the total water supply available ("TWSA') in the Yakima River. Ecology: <br />5.1 Shalt take no position and make no assertions that the quantities <br />and beneficial use of the Water is other than as stated in Exhibits A" B and C and <br />paragraph 3 abovq and this representation shall also apply to any Water removed from <br />theTrust <br />4