Examples of Completion C&E in a sentence
If the WGFP Enterprise offers the option to participate in additional WGFP Financing, then [Actual Allottee Name*] shall, within ninety (90) days of such notice, elect in writing to the WGFP Enterprise to pay its Capital C&E Funding Obligations for such Completion C&E under this Contract through Capital C&E Funding Cash Payments, participation in a WGFP Financing, or a combination thereof.
It is anticipated that this application may be made in conjunction with the applications for Planning Approvals and Site Plan Approval for the Project, without fettering the City’s discretion.
Completion C&E means the Enterprise’s costs in excess of Initial C&E, if any, that are necessary for the construction and completion of the Project with approximately 90,000 acre feet of usable water storage capacity to be funded by the Allottees pursuant to the Allotment Contracts.
To the extent Superior participates in any WGFP Financing, Superior authorizes an initial WGFP Financing for the Initial C&E (less that amount funded by Capital C&E Funding Cash Payments) as described in Section 6.2.1, defined in Exhibit A, and in accordance with Section 8.18; and such WGFP Financing for Completion C&E or Future Extraordinary C&E as determined by the Enterprise Board to be necessary under Section 6.2.2 and Section 6.2.3, respectively.
If no such election is made, Superior shall be obligated to pay its Capital C&E Funding Obligations for such Completion C&E through participation in a WGFP Financing under Section 6.2.2.2. The WGFP Enterprise will update Exhibit B from time to time as needed under this Section 6.2.2.
For the participants, formal notification of Completion C&E is anticipated in mid-2024, with funds secured by early 2025.
If no such election is made, [Actual Allottee Name*] shall be obligated to pay its Capital C&E Funding Obligations for such Completion C&E through participation in a WGFP Financing under Section6.2.2.2. The WGFP Enterprise will update Exhibit B from time to time as needed under this Section 6.2.2.
If [Actual Allottee Name*] fails to timely make its Capital C&E Funding Cash Payment for such Completion C&E after so electing, then [Actual Allottee Name*] shall be obligated to pay its Capital C&E Funding Obligations for such Completion C&E through participation in a WGFP Financing in the same manner as provided in Section 6.2.2.2.
To the extent that [Actual Allottee Name*] elects to pay its Capital C&E Funding Obligations for such Completion C&E under this Contract through Capital C&E Funding Cash Payments, then it shall make such payments in accordance with Section 7 and on substantially the same terms as other WGFP Allottees making Capital C&E Funding Cash Payments, and agrees to execute any documents and agreements necessary to bind [Actual Allottee Name*] to such terms.
Future Extraordinary C&E means the Enterprise’s costs of any individual repair, replacement, rehabilitation, improvement, or regulatory compliance activities incurred after Initial C&E and Completion C&E that are required to be undertaken for the continued safe operation of the Project and that, because of the large amount of such costs, cannot be paid (1) using the Operating Reserve Fund or (2) by the Allottees through an annual payment for Operating C&E.