Common use of Authorized Uses for Hydro Fund and CRR Fund Clause in Contracts

Authorized Uses for Hydro Fund and CRR Fund. A. Monies in the Hydro Fund shall be used by the WCID only for the following purposes: (i) the repayment of any GBRA DS Payment plus accrued interest (Repayment Requirement) thereon but only for monies in the Hydro Fund in excess of $150,000; (ii) to offset GBRA’s obligation to supplement the Hydro Revenues to meet the GBRA Minimum Payment but only if monies in the Hydro Fund are in excess of $150,000; (iii) to supplement Hydro Revenues received from GBRA to fund the Annual Requirement during an Annual Payment Period if the Hydro Revenues received from GBRA are less than $430,000, but only in an amount equal to the difference between the Hydro Revenues received from GBRA and $430,000; (iv) monies in the Hydro Fund in excess of $500,000 may be used by the WCID for any lawful purpose, including deposits into the CRR Fund; and (v) if the Hydroelectric Sales Agreement is terminated prior to the termination of this Contract for any reason, the WCID may use the monies in the Hydro Fund for any lawful purpose. B. Monies in the CRR Fund: (i) Shall be used by the WCID for the payment of the Non-Budgeted CRR Requirement, including repayment of any GBRA CRR Payment; (ii) May be used by the WCID for the payment of the Budgeted CRR Requirement, but any such payment shall be limited in all cases to monies on deposit in the CRR Fund in excess of $750,000; and (iii) That are in excess of $750,000 may be used by the WCID for any lawful purpose.

Authorized Uses for Hydro Fund and CRR Fund. A. Monies in the Hydro Fund shall be used by the WCID only for the following purposes: (i) the The repayment of any GBRA DS Payment plus accrued interest (Repayment Requirement) thereon thereon, but only for monies in the Hydro Fund in excess of $150,000100,000; (ii) to To offset GBRA’s obligation to supplement the Hydro Revenues to meet the GBRA Minimum Payment Payment, but only if monies in the Hydro Fund are in excess of $150,000100,000; (iii) to To supplement Hydro Revenues received from GBRA to fund the Annual Requirement during an Annual Payment Period if the Hydro Revenues received from GBRA are less than $430,000370,000, but only in an amount equal to the difference between the Hydro Revenues received from GBRA and $430,000370,000; (iv) monies Monies in the Hydro Fund in excess of $500,000 may be used by the WCID for any lawful purpose, including deposits into the CRR Fund; and (v) if If the Hydroelectric Sales Agreement is terminated prior to the termination of this Contract for any reason, the WCID may use the monies in the Hydro Fund for any lawful purpose. B. Monies in the CRR Fund: (i) Shall be used by the WCID for the payment of the Non-Budgeted CRR Requirement, including repayment of any GBRA CRR Payment; (ii) May be used by the WCID for the payment of the Budgeted CRR Requirement, but any such payment shall be limited in all cases to monies on deposit in the CRR Fund in excess of $750,000; and (iii) That are in excess of $750,000 may be used by the WCID for any lawful purpose.

Authorized Uses for Hydro Fund and CRR Fund. A. Monies in the Hydro Fund shall be used by the WCID only for the following purposes: (i) the repayment of any GBRA DS Payment plus accrued interest (Repayment Requirement) thereon thereon, but only for monies in the Hydro Fund in excess of $150,000; (ii) to offset GBRA’s obligation to supplement the Hydro Revenues to meet the GBRA Minimum Payment Payment, but only if monies in the Hydro Fund are in excess of $150,000; (iii) to supplement Hydro Revenues received from GBRA to fund the Annual Requirement during an Annual Payment Period if the Hydro Revenues received from GBRA are less than $430,000, but only in an amount equal to the difference between the Hydro Revenues received from GBRA and $430,000; (iv) monies in the Hydro Fund in excess of $500,000 may be used by the WCID for any lawful purpose, including deposits into the CRR Fund; and (v) if the Hydroelectric Sales Agreement is terminated prior to the termination of this Contract for any reason, the WCID may use the monies in the Hydro Fund for any lawful purpose. B. Monies in the CRR Fund: (i) Shall be used by the WCID for the payment of the Non-Budgeted CRR Requirement, including repayment of any GBRA CRR Payment; (ii) May be used by the WCID for the payment of the Budgeted CRR Requirement, but any such payment shall be limited in all cases to monies on deposit in the CRR Fund in excess of $750,000; and (iii) That are in excess of $750,000 may be used by the WCID for any lawful purpose.

Authorized Uses for Hydro Fund and CRR Fund. A. Monies in the Hydro Fund shall be used by the WCID only for the following purposes: (i) the repayment of any GBRA DS Payment plus accrued interest (Repayment Requirement) thereon but only for monies in the Hydro Fund in excess of $150,000100,000; (ii) to offset GBRA’s obligation to supplement the Hydro Revenues to meet the GBRA Minimum Payment but only if monies in the Hydro Fund are in excess of $150,000100,000; (iii) to supplement Hydro Revenues received from GBRA to fund the Annual Requirement during an Annual Payment Period if the Hydro Revenues received from GBRA are less than $430,000370,000, but only in an amount equal to the difference between the Hydro Revenues received from GBRA and $430,000370,000; (iv) monies in the Hydro Fund in excess of $500,000 may be used by the WCID for any lawful purpose, including deposits into the CRR Fund; and (v) if the Hydroelectric Sales Agreement is terminated prior to the termination of this Contract for any reason, the WCID may use the monies in the Hydro Fund for any lawful purpose. B. Monies in the CRR Fund: (i) Shall be used by the WCID for the payment of the Non-Budgeted CRR Requirement, including repayment of any GBRA CRR Payment; (ii) May be used by the WCID for the payment of the Budgeted CRR Requirement, but any such payment shall be limited in all cases to monies on deposit in the CRR Fund in excess of $750,000; and (iii) That are in excess of $750,000 may be used by the WCID for any lawful purpose.