Common use of Debt Service on New Assets Clause in Contracts

Debt Service on New Assets. The Water Enterprise will be assigned 100 percent of Net Annual Debt Service attributable to acquisition and construction of New Hetch Hetchy Enterprise assets that are Water-Only and the Water-Related portion (45 percent) of Net Annual Debt Service on New Hetch Hetchy Enterprise Joint assets. The provisions of Section

Appears in 4 contracts

Samples: Water Supply Agreement, Water Supply Agreement, Water Supply Agreement

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Debt Service on New Assets. The Water Enterprise will be assigned 100 percent of Net Annual Debt Service attributable to acquisition and construction of New Hetch Hetchy Enterprise assets that are Water-Only and the Water-Related portion (45 percent) of Net Annual Debt Service on New Hetch Hetchy Enterprise Joint assets. The provisions of SectionSection 5.04.A apply to debt service on New Hetch Hetchy Enterprise assets.

Appears in 1 contract

Samples: Water Supply Agreement (California Water Service Group)

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