Common use of Maintenance of Rates Clause in Contracts

Maintenance of Rates. The Participant shall establish, maintain, revise, charge and collect rates for electric service rendered by it to its customers so that such rates shall provide revenues which, together with other funds reasonably estimated to be available, will be sufficient to meet the Participant’s obligations to UAMPS under this Contract, to pay all other operating expenses of the Participant’s Electric System and to provide revenues sufficient to pay all obligations of the Participant payable from, or constituting a charge or lien on, the revenues of its Electric System and, to the extent being paid from the revenues of its Electric System, all other bonds of the Participant now or hereafter outstanding.

Appears in 3 contracts

Samples: Power Sales Contract, Power Sales Contract, Power Sales Contract

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Maintenance of Rates. The Participant shall establish, maintain, revise, charge and collect rates for electric service rendered by it to its customers so that such rates shall provide revenues which, together with other funds reasonably estimated to be available, will be sufficient to meet the Participant’s obligations to UAMPS under this Contract, to pay all other operating expenses of the Participant’s Electric System electric system and to provide revenues sufficient to pay all obligations of the Participant payable from, or constituting a charge or lien on, the revenues of its Electric System electric system and, to the extent being paid from the revenues of its Electric Systemelectric system, all other general obligation bonds of the Participant now or hereafter outstanding.

Appears in 1 contract

Samples: Power Sales Contract

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