Termination of Credit Accounts and Accounting Sample Clauses

Termination of Credit Accounts and Accounting. The LCRA shall cease to (i) maintain the Region K Credit Account pursuant to Section 5.4, and (ii) maintain Region K Credit Account records pursuant to Section 5.5 at such time, after construction or implementation of all Region K Projects is complete and the Capital Costs of all the Region K Projects have been accounted for with credits to the Region K Credit Account, that the Region K Credit Account has a zero balance. LCRA shall cease to (i) maintain the SAWS Credit Account pursuant to Section 5.4, and (ii) maintain SAWS Credit Account records pursuant to Section 5.5 at such time as LCRA no longer is, or will be, able to assess Construction Adjustment Surcharges under this Definitive Agreement. From and after termination of the SAWS Credit Account accounting by the LCRA, the Parties shall have no further duties or obligations to each other with respect to maintaining the SAWS Credit Accounts.
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Related to Termination of Credit Accounts and Accounting

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