Examples of Capacity Purchase Agreement in a sentence
Upon termination of this Agreement, unless otherwise agreed by the Parties, the City shall be responsible for the payment of any outstanding Allocated O&M Costs, its share of any capital investment in the System not yet fully defeased in accordance with the terms of the Capacity Purchase Agreement, or other amounts owed by the City to the District.
The City shall not be responsible for the payment of any costs associated with a Capital Improvement Project, except (if applicable) as provided in a Capacity Purchase Agreement providing for the financing of future plant expansions and capacity allocation to be executed concurrently with this Agreement.
If the City declines to deliver the waiver of conditions, then this Agreement, and the Capacity Purchase Agreement executed contemporaneously by the Parties, shall automatically terminate and neither Party shall have any further obligation hereunder.