PAYMENT FOR WATER Sample Clauses
The 'Payment for Water' clause establishes the obligation of one party to pay for water supplied or used under the terms of an agreement. Typically, this clause outlines how water usage will be measured, the rates or fees applicable, and the schedule or method for making payments. For example, it may specify that charges are based on metered consumption or a fixed rate, and detail when invoices are issued and payments are due. The core function of this clause is to ensure clear financial arrangements regarding water usage, thereby preventing disputes over costs and ensuring that the supplier is compensated appropriately.
PAYMENT FOR WATER. The Customer must pay by the due date of each account for water at the rate determined by the Essential Services Commission in respect of the volume of water determined in accordance with the meter reading or determined in accordance with clause 52.
PAYMENT FOR WATER. 5.1 Beginning on the execution date of this Agreement, and on January 15 of each year thereafter for five (5) years, PNM shall make prepayments to the Tribe totaling $2,033,073.00 as follows: Year: 2000 2001 2002 2003 2004 2005 ---- ---- ---- ---- ---- ---- Amount: $65,583 $131,166 $262,332 $393,498 $524,664 $655,830
5.2 Subject to the Tribe's ability to supply and deliver, through its agent USBR pursuant to the Federal Contract, water during the 2006 to 2027 term of this Agreement, and except as otherwise provided herein, PNM shall pay to the Tribe during each year of the Agreement the Annual Contract Rate times 16,200 acre-feet, less $92,412.00, to secure PNM's right to use up to 16,200 acre-feet each year.
5.2.1 The Annual Contract Rate will be established as follows: On January 1, 2006, the Annual Contract Rate will be the USBR CRSP Rate as of January 1, 2006. Each successive year after establishment of the initial Annual Contract Rate in 2006, the Annual Contract Rate will be adjusted to the USBR CRSP Rate as of January 1 of each subsequent year; provided, however, that any change in the Annual Contract Rate for each year (whether an increase or a decrease) will be limited to no more than ten percent (10%) of the previous year's Annual Contract Rate.
5.2.2 To demonstrate the application of this rate adjustment, hypothetical examples of contract payments have been calculated based on the Annual Contract Rate methodology set out in Section 5.2.1 and are attached, for illustration purposes only, as Exhibit "A."
5.2.3 The Tribe will provide Notice to PNM of the Annual Contract Rate. The Tribe shall provide such Notice to PNM no later than January 10 of each year. After Notice from the Tribe, the annual contract payment by PNM shall be made no later than February 10 of each year and shall be made by wire transfer to a financial institution designated by Notice from the Tribe to PNM.
5.3 PNM will pay to the Tribe, within thirty (30) days of receipt of the Tribe's invoice, the Tribe's share of the Navajo Dam and Reservoir capital construction costs, provided by the Federal Contract to be $2.60 per acre-foot per annum, which is a fixed payment of $42,120 annually during the period 2006 through 2012.
5.4 PNM will also pay the Tribe, within thirty (30) days of receipt of the Tribe's invoice, PNM's proportionate share of the annual costs of the operation and maintenance ("O&M") of Navajo Dam and Reservoir and associated facilities that are assigned to the Tribe ...
PAYMENT FOR WATER. It is generally intended that no compensation shall be paid for the inclusion of the Seed Water Rights in the Plan, although actual compensation shall be determined between the Water User and the CWCB on a case-by-case basis, provided that such a transaction is permissible under the charters, ordinances, rules and regulations, and other legal authorities governing such Parties. If compensation for such Seed Water Rights is required, the Management Committee will determine how to proceed. As articulated in the guiding principles, it is envisioned that this Plan will allow Additional Water Rights to be added to the Plan upon approval of the Management Committee, with the idea being that the Plan be capable of utilizing temporary water supplies (including temporary water supplies from local ATM projects, Agricultural Water Protection Water Rights, and temporary administratively approved sources) and serve as a potential revenue source for Poudre River Basin water users willing to lease water supplies to the Plan. Accordingly, the Management Committee may consider compensating for Additional Water Rights included in the Plan. However, no Party is obligated herein to contribute to any future requested compensation.
PAYMENT FOR WATER. 6.1. The Customer must pay by the due date of each account for water at the rate determined by Roxby Water in respect of the volume of water determined in accordance with the meter reading or otherwise in accordance with clause 5.
6.2. If the rate varies between the dates on which Roxby Water assesses the volume of water supplied, Roxby Water may estimate the volume of water to which each rate applies.
PAYMENT FOR WATER