Common use of Administration Expense Clause in Contracts

Administration Expense. The Participant shall pay the District an administration fee (“Annual Fee”) determined by a unit assessment of $2,264.00 for each acre-foot of Replacement Credit. The Annual Fee of $24,904.00 is due and payable with the Rental. The Annual Fee may be increased annually based on the United States Bureau of Labor Statistics Consumer Price Index for Denver/Aurora/Lakewood or successor index. Additionally, the Annual Fee may also be adjusted from time to time at the discretion of the District. The Parties acknowledge that the Annual Fee will change over time and that the intent of this Lease is that the Participant shall reimburse the District for the reasonable costs incurred by the District in the administration of this Lease and the Augmentation Plan, including without limitation, costs incurred in accounting for the delivery of Replacement Water

Administration Expense. The Participant shall pay the District an administration fee (“Annual Fee”) determined by a unit assessment of $2,264.00 1,481.23 for each acre-foot of Replacement Credit. The Annual Fee of $24,904.00 14,812.30 is due and payable with the Rental. The Annual Fee may be increased annually based on the United States Bureau of Labor Statistics Consumer Price Index for Denver/Aurora/Lakewood or successor index. Additionally, the Annual Fee may also be adjusted from time to time at the discretion of the District. The Parties acknowledge that the Annual Fee will change over time and that the intent of this Lease is that the Participant shall reimburse the District for the reasonable costs incurred by the District in the administration of this Lease and the Augmentation Plan, including without limitation, costs incurred in accounting for the delivery of Replacement Water