Water Supply Contracts definition
Examples of Water Supply Contracts in a sentence
To determine whether the reduction in annual charges in the aggregate for all Contractors equals the $48 million limit specified in this subdivision (c)(3), it shall be assumed that all Contractors have executed the Contract Extension Amendment and will share in the available rate reductions consistent with the proportions as provided in this contract, regardless of whether one or more Contractors do not receive a reduction under their respective Water Supply Contracts.
State Water Project Contractor Public Water Agencies (PWAs) shall include the 29 entities holding State Water Project Water Supply Contracts with the Department of Water Resources.
Transfers and exchanges are not intended to be modified under this AIP and shall be subject to the provisions of the then existing State Water Project Water Supply Contracts.
Unless specifically stated in this AIP and incorporated into a subsequent contract amendment, there are no changes to the PWAs’ rights and obligations under the existing State Water Project Water Supply Contracts.
To determine whether the reduction in annual charges in the aggregate for all contractors equals the $48 million limit specified in this subdivision (c)(3), it shall be assumed that all contractors have executed the Contract Extension Amendment and will share in the available rate reductions consistent with the proportions as provided in this contract, regardless of whether one or more contractors do not receive a reduction under their respective Water Supply Contracts.
Nothing in this Agreement shall be construed or interpreted to modify the terms or conditions of SWPAO Agreement 16030 or SGPWA’s and SBVMWD’s respective Water Supply Contracts with DWR.
Unless expressly provided herein, the terms and conditions of SWPAO Agreement 16030 and SGPWA’s and SBVMWD’s respective Water Supply Contracts with DWR, and any future amendments to any of those agreements, apply to this Agreement.
The term of this Agreement shall commence, following its execution by both Parties, on the Effective Date set forth in the preamble hereto, and shall terminate upon the earlier to occur of either (i) the reduction in the Option Quantity to zero through the execution of one or more Water Supply Contracts and/or reductions in Option Quantity through the other mechanisms described in this Agreement; or (ii) August 31, 2044.
If either becomes ineffective for any reason, the DEPARTMENT shall identify the date on which this Amendment shall be deemed inoperative for the purpose of assuring timely repayment of contract obligations; restoration of Table A Amounts to the DISTRICT and orderly administration of the long-term Water Supply Contracts but in no case more than 18 months after either becomes ineffective.
The term of this Agreement shall commence, following its execution by both Parties, on the Effective Date set forth in the preamble hereto, and shall terminate upon the earlier to occur of either (i) the last to occur of all of the following (a) the acquisition by the Authority of all of the Surplus Water, (b) the remarketing of all of the Remarketing Water, and (c) the execution of one or more Water Supply Contracts for the full amount of Option Water, and (ii) August 31, 2036.