Common use of Sharing Agreement Clause in Contracts

Sharing Agreement. Concurrently with the execution of this LBDCP Agreement, certain Parties are executing the DCP Contributions and ICS Accumulation Limits Sharing Agreement, which provides: i. Pursuant to Section IV(C) of the LBOps, SNWA and CRCN shall make up to 50,000 acre-feet of ICS accumulation space available for use by Contractors in Arizona under the conditions described therein; and ii. Pursuant to Section IV(C) of the LBOps, Metropolitan shall make up to 50,000 acre-feet of ICS accumulation space available for use by Contractors in Arizona under the conditions described therein.

Appears in 4 contracts

Sources: Agreement Concerning Colorado River Drought Contingency Management and Operations, Agreement Concerning Colorado River Drought Contingency Management and Operations, Agreement Concerning Colorado River Drought Contingency Management and Operations

Sharing Agreement. Concurrently with the execution of this LBDCP LB DCP Agreement, certain Parties are executing the DCP Contributions and ICS Accumulation Limits Sharing Agreement, which provides: i. 1. Pursuant to Section IV(C) IV.C of the LBOps, SNWA and CRCN shall make up to 50,000 acre-feet of ICS accumulation space available for use by Contractors in Arizona under the conditions described therein; and ii2. Pursuant to Section IV(C) IV.C of the LBOps, Metropolitan shall make up to 50,000 acre-feet of ICS accumulation space available for use by Contractors in Arizona under the conditions described therein.

Appears in 1 contract

Sources: Lower Basin Drought Contingency Plan Agreement