District’s Sale of Reserve Water to Reserve Water Customers Sample Clauses

District’s Sale of Reserve Water to Reserve Water Customers. (1) The District may enter into an agreement to deliver all or a part of Reserve Water, if any, to Reserve Water Customers under the following conditions: (a) There is Reserve Water and Reserved Capacity available in any year after application of the priorities set forth above herein; (b) The agreement cannot be for a period of time in excess of five years; and (c) The price charged by the District to any Reserve Water Customer for the delivery of said Reserve Water may not be less than the greater of: (i) rates that the District would charge for Surplus Water under Article 12 of the Contract delivered to that Participant geographically nearest the place where the Reserve Water Customer takes delivery of Reserve Water; or, (ii) the charges resulting from the application of the provisions of Article 30(A) hereof. (2) The District’s revenues from an agreement for the temporary delivery of Reserve Water to Reserve Water Customers shall be applied by the District to effect a credit under Article 17(B)(3) hereof (“Credit for Participant’s Portion of Any of District’s Surplus/Wheeling/District Customer Revenues”).
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