Firming Obligation definition
Firming Obligation means (i) the United States’ or AWBA’s statutory requirement under section 105 of Public Law 108-451, the Arizona Water Settlements Act of 2004, to satisfy all or a portion of a tribal CAP water order that is reduced due to water shortages, and (b) the AWBA’s commitment in its Policy Regarding Distribution of Long-Term Storage Credits for Firming CAP Municipal and Industrial Subcontractors, adopted on March 4, 2019. For purposes of this Agreement, a Firming Obligation shall be calculated prior to the deployment of Mitigation Resources.
Firming Obligation means (i) the United States’ or AWBA’s statutory requirement under section 105 of the AWSA to satisfy all or a portion of a tribal CAP water order that is reduced due to water shortages, and (b) the AWBA’s commitment in its Policy Regarding Distribution of Long-Term Storage Credits for Firming CAP Municipal and Industrial Subcontractors, adopted on March 4, 2019. For purposes of this Agreement, a Firming Obligation shall be calculated prior to the deployment of Mitigation Resources.