Common use of Regulatory Fees Clause in Contracts

Regulatory Fees. SNWA acknowledges that CAWCD will incur certain ADWR fees to implement the recovery and exchange of Banked LTSCs on behalf of SNWA, including but not limited to application fees for recovery permits, a fee for a notice of water exchange, annual fees for the assignment of Banked LTSCs from AWBA to CAWCD and fees for the recovery of Banked LTSCs (collectively, “Regulatory Fees”). XXXX agrees to pay for any Regulatory Fees incurred by CAWCD to implement this Agreement. CAWCD shall submit an itemized invoice to SNWA for any Regulatory Fees incurred by CAWCD to implement this Agreement along with a copy of the invoice and/or receipt issued by ADWR for such Regulatory Fees. Within sixty (60) days of receipt of CAWCD’s invoice, SNWA shall make payment to CAWCD in the amount invoiced by electronic funds transfer to the account designated by CAWCD pursuant to section 3.3 of this Agreement. Notwithstanding anything to the contrary in the Arizona Water Company Funding Agreement, SNWA agrees to pay for Regulatory Fees incurred by CAWCD to implement the Arizona Water Company Funding Agreement under the same invoicing procedure provided in this section 3.2. CAWCD shall keep full and complete records of the Regulatory Fees incurred to implement this Agreement and the Arizona Water Company Funding Agreement and the amounts paid by SNWA to reimburse CAWCD for such Regulatory Fees. CAWCD shall make those records available to SNWA for inspection, audit, and copying during normal business hours without charge. Prior to taking any action with ADWR that will cause CAWCD to incur Regulatory Fees for which CAWCD will seek reimbursement from SNWA pursuant to this Section 3.2, CAWCD shall consult with SNWA regarding the action and the Regulatory Fees that CAWCD expects to incur.

Regulatory Fees. SNWA acknowledges that CAWCD will incur certain ADWR fees to implement the recovery and exchange of Banked LTSCs on behalf of SNWA, including but not limited to application fees for recovery permits, a fee for a notice of water exchange, annual fees for the assignment of Banked LTSCs from AWBA to CAWCD and fees for the recovery of Banked LTSCs (collectively, “Regulatory Fees”). XXXX SNWA agrees to pay for any Regulatory Fees incurred by CAWCD to implement this Agreement. CAWCD shall submit an itemized invoice to SNWA for any Regulatory Fees incurred by CAWCD to implement this Agreement along with a copy of the invoice and/or receipt issued by ADWR for such Regulatory Fees. Within sixty (60) days of receipt of CAWCD’s invoice, SNWA shall make payment to CAWCD in the amount invoiced by electronic funds transfer to the account designated by CAWCD pursuant to section 3.3 of this Agreement. Notwithstanding anything to the contrary in the Arizona Water Company Funding Agreement, SNWA agrees to pay for Regulatory Fees incurred by CAWCD to implement the Arizona Water Company Funding Agreement under the same invoicing procedure provided in this section 3.2. CAWCD shall keep full and complete records of the Regulatory Fees incurred to implement this Agreement and the Arizona Water Company Funding Agreement and the amounts paid by SNWA to reimburse CAWCD for such Regulatory Fees. CAWCD shall make those records available to SNWA for inspection, audit, and copying during normal business hours without charge. Prior to taking any action with ADWR that will cause CAWCD to incur Regulatory Fees for which CAWCD will seek reimbursement from SNWA pursuant to this Section 3.2, CAWCD shall consult with SNWA regarding the action and the Regulatory Fees that CAWCD expects to incur.