Capacity Reservation Fees. Notwithstanding the foregoing provisions of this Section 4.01, all Capacity Reservation Fees received by the Collateral Agent from the Funding Date to the Final Funding Date, shall be transferred to the Distribution Account.
Capacity Reservation Fees. Notwithstanding the foregoing provisions of this Section 4.07, all amounts transferred to the Distribution Account pursuant to Section 4.01(g) shall be available to the Borrower for distribution to the Pledgors on any Monthly Transfer Date following the Funding Date, provided that (i) no Event of Default has occurred and is continuing and (ii) the Borrower shall have delivered to the Collateral Agent an Executed Withdrawal/Transfer Certificate with respect to such amounts to the Collateral Agent together with a Distribution Certificate in form and substance acceptable to the Administrative Agent.
Capacity Reservation Fees. Owner shall, on or about the 30th day after the date ofexecution of this agreement, begin paying the monthly Capacity Reservation fee. Such fee shall be the monthly rate the City ofFair Oaks Ranch pays for Capacity Reservation ofan acre foot ofwater for that year and shall be adjusted annually to be equal to the City of Fair Oaks Ranch's cost for the reservation ofwater necessary to provide for the development ofthe Property. This fee is equal to the product of I/12th of the annual Capacity Reservation times the Capacity Reservation Rate in effect during that month. The initial Owner's Capacity Reservation fee will be $87.07 per month based on the current rate of$522.41 per acre-foot per year and the Owners annual capacity reservation of2 acre feet per year. The Owner shall continue to pay said reservation fee until such time as all of the 15 LUE's within the Property have been developed and connected to the City's water system minus those LUE's which have been connected (water meter has been set for domestic use.) This shall continue until the development is complete.
Capacity Reservation Fees. Owner shall, on or about the 30th day after the date of execution of this Agreement, begin paying the monthly Capacity Reservation fee. Such fee shall be the monthly rate the City of Fair Oaks Ranch pays for Capacity Reservation of an acre foot of water for that year and shall be adjusted annually to be equal to the City of Fair Oaks Ranch's cost for the reservation of water necessary to provide for the development of the Property. This fee is equal to the product of 1112th of the annual Capacity Reservation times the Capacity Reservation Rate in effect during that month. The initial Capacity Reservation fee will be $87.07 per month based on the current rate of $522.41 per acre-foot per year and the Owner's annual Capacity Reservation of 2 acre-feet per year. Owner shall continue to pay said Capacity Reservation fee with respect to each lot comprising the Property until such time as one of the following events occurs:
Capacity Reservation Fees. On or about the 30th day after the date of execution of the Agreement, Owner began paying the monthly Capacity Reservation fee. Upon execution of this Amendment, Owner shall continue to pay to the City the Capacity Reservation fee in accordance with this Amendment. Such fee shall be the monthly rate the City pays for Capacity Reservation of an acre foot of water for that calendar year and shall be adjusted annually to be equal to the City’s cost for the reservation of water necessary to provide for the development of the Project on the Property. Such fee is equal to the product of 1/12th of the annual Capacity Reservation times the “Capacity Reservation Rate” (as customarily and ordinarily defined) in effect during that calendar month. The initial Owner's Capacity Reservation fee will be $653.01 per calendar month based on the current rate of $522.41 per acre-foot per calendar year and the Owner’s Capacity Reservation of 15 acre- feet per calendar year. The Owner shall continue to pay the said Capacity Reservation Fee until such time as all of the 110 LUE’s within the Property have been developed and connected to the City’s Water system minus those LUE’s which have been connected (water meter has been set for domestic use). The obligations, pursuant to this section, shall continue until Project Completion.
Capacity Reservation Fees. Customer shall remit the following amounts to SABINE, by wire transfer in immediately available funds to an account specified in writing by SABINE, in accordance with the following provisions:
Capacity Reservation Fees. Upon execution ofthis Agreement, Owner shall, within 30 calendar days begin paying the monthly Capacity Reservation Fee. Such fee shall be the monthly rate the City pays for Capacity Reservation ofan acre foot ofwater for that year and shall be adjusted annually to be equal to the City's cost for the reservation ofwater necessary to provide for the development ofthe Property. This fee is equal to the product of1112th ofthe annual Capacity Reservation times the Capacity Reservation Rate in effect during that month. The initial Owner's Capacity Reservation Fee will be $1,175.42 per month based on the current rate of$522.41 per acre-foot per year and the Owner's annual capacity reservation of27 acre-feet per year. The Owner shall continue to pay said Capacity Reservation Fee until such time as all of the 238 LUE's within the Property have been developed and connected to the City's water system minus those LUE's which have been connected (water meter has been set for domestic use.) Developer shall continue to pay said Capacity Reservation Fee with respect to each lot comprising the Prope1iy until such time as one ofthe following events occurs:
Capacity Reservation Fees
