Water Rental definition
Examples of Water Rental in a sentence
By entering into this Agreement of Purchase and Sale, the Purchaser acknowledges and agrees that the water heater to be installed in the home will be a rental unit, rented by the Purchaser from a Hot Water Rental provider pursuant to a rental contract and the Purchaser shall assume, on the earlier of occupancy or Closing, any applicable rental contract and/or as the Vendor may require in its Discretion, execute any rental contract with the hot water rental provider.
Utilities include the following: Gas, Hydro, Hot Water Rental and Water.
If a Co-Owner fails to pay its share of Water Rental Fees to the Water Comptroller on or before the due date, the other Co-Owner may make such payment on behalf of such Co-Owner, which payment shall be considered a Cover Payment for the purposes of this Agreement and the provisions of Section 10.7 shall apply in respect thereof, mutatis mutandis.
All taxes, duties or assessments of every kind and nature (except income taxes and property taxes) assessed or levied upon or in connection with the W▇▇▇▇▇ Assets or Operations, which have been paid by the Operator for the benefit of the Co-Owners (excluding for certainty, property taxes and Water Rental Fees).
The Co-Owners’ respective shares of Water Rental Fees payable to the Water Comptroller in respect of authorized capacity for a calendar year will be based on their respective Participation Percentages at the beginning of that calendar year, but will be subject to adjustment between themselves pursuant to Section 11.6 if their respective Participation Percentages change during that calendar year.
Windsor shall also pay to Greeley the Greeley non-agricultural water rental rate in effect on the first day of then-current Water Year, as established by the Greeley Water and Sewer Board according to its Non- Agricultural Water Rental Policy, per acre-foot of Interim Water provided to Windsor during each Water Year this Interim Water Supply Lease is triggered (“Lease Payment”).
Any Water Rental Fees in respect of a calendar year that are based on the occupation of crown land during the year shall be paid by the Co-Owners in accordance with their respective Participation Percentages at the beginning of the year, and as may be adjusted pursuant to Section 11.6. The adjustment for calendar year 2010 shall be made on the same basis as the adjustment for capacity for 2010.
The measure used to determine payout eligibility under the Incentive Pay Plan will be Variable Unit Cash Cost is defined as follows: (OM&A + Fuel + External Power Purchases + Water Rental Secondary Revenue Other Revenue) divided by (Primary Delivered Energy).
For the purposes of this Section 11.1(b), “Teck’s Share of Capacity for the Preceding Calendar Year” means the maximum monthly value for Teck’s Entitlement Capacity shown in Table 3 of Section 14 (as may be amended from time to time) applicable to the preceding calendar year, as adjusted pursuant to Section 11.6 to reflect changes to Teck’s Entitlement Capacity during the calendar year for which the Water Rental Fees are payable.
If a change in the Co-Owners’ respective Participation Percentages is reflected in invoices from the Water Comptroller before Water Rental Fees are payable, the adjusted amounts shall be payable to the Water Comptroller, but otherwise the Co-Owners shall make adjustments and corresponding payments between themselves within 90 days of the change in Participation Percentages.