Water Cost Proportionate Share definition

Water Cost Proportionate Share means for any Fiscal Year, that portion of the Base Rate Charge each Project Participant is obligated to pay. The Water Cost Proportionate Share shall be based on each Project Participant’s projected 2045 Water Allotment, as revised at least every five (5) years through the True-Up process set forth in Section 10 and/or the provisions set forth in Sections 11, 19 and 20 of this Agreement.
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Water Cost Proportionate Share or “Water Cost Allocation” means for any Fiscal Year, that portion of the Base Rate Charge each Project Participant is obligated to pay. The Water Cost Proportionate Share shall be based on each Project Participant’s projected
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Water Cost Proportionate Share means for any Fiscal Year,
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Examples of Water Cost Proportionate Share in a sentence

  • At least once in every 5-year period after the Effective Date of this Agreement, and at any time that a Project Participant’s 2045 Water Allotment increases, the Cooperative shall conduct a true-up of the Water Allotment table and of each Project Participant’s Water Cost Proportionate Share to reflect the most current data, use and allotment estimates.

  • The amount of any Base Rate Charge shortfalls to be paid by each non- defaulting Project Participant shall be a share of the total shortfall in the proportion of the non-defaulting Project Participant’s Water Cost Proportionate Share in Section 1.47 bears to the sum of the Water Cost Proportionate Shares of all the non-defaulting Project Participants, as determined by the Project Board.

Related to Water Cost Proportionate Share

  • Direct Costs means the sum of the following:

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.