Sources of Payment; No Debt of State. Department's obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term Contracts. Any liability of Department arising in connection with this Agreement or any claim based thereon or with respect thereto, including, but not limited to, any damages arising as the result of any breach or Default or Event of Default under this Agreement, and any other payment obligation or liability of or judgment against Department hereunder, shall be satisfied solely from the Fund. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA ARE OR MAY BE PLEDGED FOR ANY PAYMENT UNDER THIS AGREEMENT. Revenues and assets of the State Water Resources Development System, and Bond Charges under the Rate Agreement, shall not be liable for or available to make any payments or satisfy any obligation arising under this Agreement.
Appears in 5 contracts
Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement
Sources of Payment; No Debt of State. DepartmentBuyer's obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term Contracts. Any liability of Department Buyer arising in connection with this Agreement or any claim based thereon or with respect thereto, including, but not limited to, any damages arising as the result of any breach or Default or Event of Default under this Agreement, and any other payment obligation or liability of or judgment against Department Buyer hereunder, shall be satisfied solely from the Fund. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA ARE OR MAY BE PLEDGED FOR ANY PAYMENT UNDER THIS AGREEMENT. Revenues and assets of the State Water Resources Development System, and Bond Charges under the Rate Agreement, shall not be liable for or available to make any payments or satisfy any obligation arising under this Agreement.
Appears in 4 contracts
Samples: Interim Energy Purchase Agreement, Interim Energy Purchase Agreement, Interim Energy Purchase Agreement
Sources of Payment; No Debt of State. The Department's ’s obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense from those certain Power Charges established and collected pursuant to the Rate Agreement, entered into by the Department with the California Public Utilities Commission pursuant to Section 80110 of the Fund solely from Power Charges subject and subordinate to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in the Priority Long Term ContractsAct on March 8, 2002. Any liability of the Department arising in connection with this Agreement or any claim based thereon or with respect thereto, including, but not limited to, any damages Termination Payment arising as the result of any breach or Default default or Event of Default under this Agreement, and any other payment obligation or liability of or judgment against the Department hereunder, shall be satisfied solely from the Fund. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA ARE OR MAY BE PLEDGED FOR ANY PAYMENT DUE UNDER THIS AGREEMENT. Revenues and assets of the State Water Resources Development System, and Bond Charges under the Rate Agreement, System shall not be liable for or available to make any payments or satisfy any obligation arising under this Agreement.
Appears in 2 contracts
Samples: Firm Energy Purchase Agreement, Unit Contingent Energy Purchase Agreement
Sources of Payment; No Debt of State. The Department's ’s obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense from certain revenues of the Fund solely received from the Power Charges subject established and subordinate collected pursuant to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in entered into by the Priority Long Term ContractsDepartment with the California Public Utilities Commission pursuant to Section 80110 of the Act on March 8, 2002. Any liability of the Department arising in connection with this Agreement or any claim based thereon or with respect thereto, including, but not limited to, any damages Termination Payment arising as the result of any breach or Default default or Event of Default under this Agreement, and any other payment obligation or liability of or judgment against the Department hereunder, shall be satisfied solely from the Fund. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA ARE OR MAY BE PLEDGED FOR ANY PAYMENT UNDER THIS AGREEMENT. Revenues and assets of the State Water Resources Development System, and Bond Charges under the Rate Agreement, System shall not be liable for or available to make any payments or satisfy any obligation arising under this Agreement.
Appears in 1 contract
Samples: Non Firm Energy Purchase Agreement
Sources of Payment; No Debt of State. The Department's ’s obligation to make payments hereunder shall be limited solely to the Fund and shall be payable as an operating expense from certain revenues of the Fund solely received from the Power Charges subject established and subordinate collected pursuant to each Priority Long Term Power Contract in accordance with the priorities and limitations established with respect to the Fund’s operating expenses in any indenture providing for the issuance of Bonds and in the Rate Agreement and in entered into by the Priority Long Term ContractsDepartment with the California Public Utilities Commission pursuant to Section 80110 of the Act on March 8, 2002. Any liability of the Department arising in connection with this Amended Agreement or any claim based thereon or with respect thereto, including, but not limited to, any damages Termination Payment arising as the result of any breach or Default default or Event of Default under this Amended Agreement, and any other payment obligation or liability of or judgment against the Department hereunder, shall be satisfied solely from the Fund. NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF CALIFORNIA ARE OR MAY BE PLEDGED FOR ANY PAYMENT UNDER THIS AMENDED AGREEMENT. Revenues and assets of the State Water Resources Development System, and Bond Charges under the Rate Agreement, System shall not be liable for or available to make any payments or satisfy any obligation arising under this Amended Agreement.
Appears in 1 contract
Samples: Non Firm Energy Purchase Agreement