Common use of Authorized Uses for Excess Hydro Revenues Clause in Contracts

Authorized Uses for Excess Hydro Revenues. The Annual GBRA Payment shall be used by the WCID for any lawful purpose including the funding of all or a portion of the payment of the Annual Requirement for the Annual Payment Period; provided, however, to the extent the Annual GBRA Payment received by the WCID in any year exceeds $430,000.00, then the Excess Hydro Revenues shall be deposited and restricted as follows:

Authorized Uses for Excess Hydro Revenues. The Annual GBRA Payment shall be used by the WCID for any lawful purpose including the funding of all or a portion of the payment of the Annual Requirement for the Annual Payment Period; provided, however, to the extent the Annual 1 Note to Draft: GBRA Minimum Payment in the event of a reduction of hydroelectric revenues under discussion among the parties. GBRA Payment received by the WCID in any year exceeds $430,000.00370,000.00, then the Excess Hydro Revenues shall be deposited and restricted as follows:

Authorized Uses for Excess Hydro Revenues. The Annual GBRA Payment shall be used by the WCID for any lawful purpose including the funding of all or a portion of the payment of the Annual Requirement for the Annual Payment Period; provided, however, to the extent the Annual GBRA Payment received by the WCID in any year exceeds $430,000.00370,000.00, then the Excess Hydro Revenues shall be deposited and restricted as follows: