Adjustment for Future Phases of East Bank Regional System Sample Clauses

Adjustment for Future Phases of East Bank Regional System. Prior to the fifth anniversary of the Transfer Date, the Operator shall present a plan to the District for the second phase of construction of the East Bank Regional System. The Operator and the District agree that if such a plan to construct the second phase or any future phases of the East Bank Regional System is approved by the District, then the implementation of that plan will require an adjustment to the rates described in Section 6.2(c) above. In such case, the Operator shall develop and present to the District the anticipated rates necessary in order to implement such plan, and the District shall reevaluate the sewerage and wastewater rates established pursuant to Section 6.2(c) and adjust such rates in a manner consistent with paragraph (a) above that will allow the Operator to accomplish the construction of the second phase or any future phases of construction of the East Bank Regional System. The Operator shall not be required to conduct any additional phase of construction unless the District approves such adjusted rates as are sufficient, in the Operator’s judgment, to support the new construction. In the event a second phase or any additional phase of construction of the East Bank Regional System will not be implemented by the Operator, no such rate adjustment shall be required pursuant to this subsection.
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