Payment by Valley District for Storage Rights Sample Clauses

Payment by Valley District for Storage Rights. Valley District shall pay City the sum of $2,168,426 for the rights described in paragraph 1a within 30 calendar days after the Effective Date of this Agreement. Valley District will make such payment by electronic funds transfer into a fund approved by City. City shall provide Valley District with a written receipt, acknowledging payment in full, within 7 calendar days of the electronic funds transfer.
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