Examples of AWBA in a sentence
On or before September 1 of each year of this Agreement, AWBA and the Community shall estimate the amount of funding AWBA will have available and that the Community will accept for reimbursement of the expenses described in Subsection 2.1 (“Annual Funding Amount”) for inclusion in the AWBA’s preliminary Annual Plan of Operation (“APO”) for the following year.
For example: if the Annual Funding Amount in 2016 is $2,000,000 and the Firm CAP Federal Water Rate for 2016 is $161, AWBA would register 12,422 acre-feet to its Firming Account.
The annual Firming Credits that AWBA can register to the Firming Account shall be calculated by dividing the Annual Funding Amount by the per-acre foot Firm CAP Federal Water Rate (i.e., Fixed OM&R and Pumping Energy Rate) for that year.
Payment by AWBA to the Community shall be made on or before the thirtieth (30th) day following the invoice date.
In the event any delinquent amount is not paid by the AWBA within thirty (30) days after receipt by AWBA of written notice from the Community of the delinquency, the Community shall have the right, without liability of any kind: To refuse that AWBA register Firming Credits to its Firming Account for the delinquent amount so long as the said amount remains unpaidand/or; To terminate this Agreement.
AWBA agrees to use good faith efforts to procure funding to carry out the intent of this Agreement.
In the event AWBA is unable to obtain the full or partial Annual Funding Amount for any year of this Agreement, AWBA shall provide written notice informing the Community of the difference in available funds such that the Community can make any necessary billing adjustments prior to invoicing AWBA.
Subject to the limitations set forth in this Agreement, AWBA agrees to seek funding for the reimbursement of expenses incurred by the Community for the annual delivery of a portion of the Community’s CAP Water delivered within the boundaries of the Community’s Reservation for the purpose of developing Firming Credits.
On or before December 31 of each year of the Agreement, AWBA shall confirm under its final APO for the following year the Annual Funding Amount available for reimbursement, as agreed to by the Community, not to exceed the amount estimated under Subsection 2.2 unless mutually agreed upon by the Parties.
No later than May 1 of each year of this Agreement, the Community shall invoice AWBA for the reimbursement amount identified in the AWBA’s APO for that year.