Purpose and Level of Wholesale Rate Sample Clauses

Purpose and Level of Wholesale Rate. The District shall impose a Wholesale Rate for the purposes of providing for the payment of the Operation and Maintenance Costs, to fund the Renewal and Replacement Fund, to fund the Capital Facilities Reserve Account to the extent determined by the District, and to fund other System Costs as determined by the District. The Wholesale Rate shall be paid by each Municipal Customer for each unit of water delivered to it by the District. The amount of the Wholesale Rate shall be determined by the District based upon the considerations set forth in Section 8.4.2, and shall be adjusted from time to time so that the revenues received from the Wholesale Rate, together with Other District Revenues, will ensure that the District will have sufficient moneys at all times to pay the Operation and Maintenance Costs (including the maintenance of any necessary reserves), to fund the Capital Facilities Reserve Account to the extent determined by the District, and to fund other System Costs as determined by the District. The Wholesale Rate may have separate components for Treated Water and for Raw Water.
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