Common use of Annual Payments of Allocated Capital Costs Clause in Contracts

Annual Payments of Allocated Capital Costs. In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (2), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. (2) The Agency may make payments at a more rapid rate if approved by the State. (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. ‌ In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (2), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. (2) The Agency may make payments at a more rapid rate if approved by the State. (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. ‌ In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (2), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. State. (2) The Agency may make payments at a more rapid rate if approved by the State.the (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (2), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery 33 capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. (2) The Agency may make payments at a more rapid rate if approved by the State. (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (2), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. State. (2) The Agency may make payments at a more rapid rate if approved by the State.the (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (22 ), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. (2) The Agency may make payments at a more rapid rate if approved by the State. (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.

Annual Payments of Allocated Capital Costs. ‌ In the second step, the Agency’s annual payment of its allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, shall be determined in accordance with a payment schedule established by the State and determined in accordance with the principles set forth in (1), (22 ), and (3) below, which principles shall be controlling as to the Agency’s payment of its allocated capital costs. The Agency’s payment schedule will be set forth in Table D of this contract by the State as soon as designs and cost estimates are prepared by it subsequent to receipt of requests from the Agency as to the maximum monthly delivery capability to be provided in each aqueduct reach for transport and delivery of project water to the Agency, pursuant to Article 17(a): Provided, That the amounts set forth in Table D shall be subject to redetermination by the State, pursuant to Article 28. (1) The Agency’s annual payment shall be the sum of the amounts due from the Agency on the Agency’s allocated capital costs for the then current year and for each previous year where each such amount will pay, in not more than fifty (50) equal annual installments of principal and interest, the Agency’s allocated capital costs for the respective year and interest thereon, computed at the project interest rate and compounded annually. (2) The Agency may make payments at a more rapid rate if approved by the State. (3) Such annual payments shall cease when all allocated capital costs and interest thereon, computed at the project interest rate and compounded annually, are repaid.