CAW Debt Service Allocation. In connection with each Payment Period during the Term, seven (7) days prior to the last day of such Payment Period (each, a “Payment Period Payment Date”), CAW shall pay to the Project Escrow Account an amount (each such payment, a “CAW Debt Service Allocation”) equal to (i) one hundred percent (100%) of the Debt Service of the Project Facilities attributable to such Payment Period (which for purposes of this calculation shall never be less than one dollar ($1.00)); less (ii) the MCWD Debt Service Allocation attributable to such Payment Period as calculated pursuant to Sections 11.4 and 11.5.
Appears in 4 contracts
Samples: Water Purchase Agreement, Water Purchase Agreement, Water Purchase Agreement
