Common use of Disclosure of Budgeted Capital Repair and Replacement Costs Clause in Contracts

Disclosure of Budgeted Capital Repair and Replacement Costs. GBRA represents and warrants to the WCID that as of the Effective Date and except for the condition of the Dam Facilities to be repaired or replaced in accordance with the Initial Improvements identified in the XxXxxxxxx Engineering Documents upon their completion, the Dam Facilities are, to GBRA’s actual knowledge, adequate for their intended uses, without the need for further, near-term or material repair or replacement.

Disclosure of Budgeted Capital Repair and Replacement Costs. GBRA represents and warrants to the WCID that as of the Effective Date and except for the condition of the Dam Facilities to be repaired or replaced in accordance with the Initial Improvements identified in the XxXxxxxxx Placid Engineering Documents upon their completion, the Dam Facilities are, to GBRA’s actual knowledge, adequate for their intended uses, without the need for further, near-term or material repair or replacement.