Initial Deposit. Within 30 days of the Effective Date, PacifiCorp shall deposit One Hundred Fifty Thousand Dollars ($150,000) with County in connection with the execution of this MOU (the “Initial Deposit”) and the first twelve (12) months of Project Manager Costs. The Initial Deposit and all deposits subsequently made by PacifiCorp are collectively referred to herein as the “Deposit”. County shall use the Deposit to pay all Project Manager Costs. PacifiCorp agrees that County will not pay interest to PacifiCorp on any Deposit amount.
Appears in 7 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement
