Reserve Water definition

Reserve Water means, if any, that part of the Nacimiento Reservoir Water remaining after the subtraction of the Prior Commitment Water and the Total Delivery Entitlement Obligation.
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Examples of Reserve Water in a sentence

  • The District shall send the Company a detailed monthly statement of charges due for all Company Water delivered to the Delivery Point during the preceding month as measured by the Agency meters, which shall be read on a monthly basis, and all Operating Reserve Water and Drought Reserve Water used to satisfy the Water Availability Guarantee, The Company shall not be billed for Excess Water that goes into the Reserve Account.

  • In addition, if a shortfall still exists after Operating Reserve Water is drawn by the Company, the District may, in its sole discretion, use Drought Reserve Water available in the Drought Reserve to satisfy the Water Availability Guarantee.Upon the occurrence of the Expiration Date, or the earlier termination of this Agreement as contemplated herein, the Company shall have the right to draw Drought Reserve Water from the Drought Reserve.

  • The District shall own any water in the Reserve Account, until such time as Operating Reserve Water or Drought Reserve Water is used to satisfy the Water Availability Guarantee at which point it shall become Company Water and beowned by the Company.

  • Upon the occurrence of the Expiration Date, or the earlier termination of this Agreement as contemplated herein, the Company shall have the right to draw Drought Reserve Water from the Drought Reserve.

  • The District shall own any water in the Reserve Account, until such time as Operating Reserve Water or Drought Reserve Water is used to satisfy the Water Availability Guarantee at which point it shall become Company Water and be owned by the Company.

  • In addition, if a shortfall still exists after Operating Reserve Water is drawn by the Company, the District may, in its sole discretion, use Drought Reserve Water available in the Drought Reserve to satisfy the Water Availability Guarantee.

  • Participant acknowledges that at such time as no Reserve Water exists, the District shall have no obligation under this paragraph to apply any portion of the ad valorem taxes allocated to the Nacimiento Water Fund of the District to Nacimiento Project Costs.

  • Pay TVID $36,000 per 600 acre-foot increment for Reserve Water delivered to ▇▇▇▇▇▇▇▇ Creek below ▇▇▇▇▇▇▇▇ Dam on behalf of CWS.

  • In the event that said reduced supply of Nacimiento Project Water is sufficient to meet the Delivery Entitlement and the Other Delivery Entitlements, but not the full amount then due to Reserve Water Customers, the District shall reduce the delivery of Reserve Water among the Reserve Water Customers pro rata, according to the amounts they have contracted for during the Water Year in question.

  • It is anticipated that on or around the Effective Date, the Nacimiento Project will become fully subscribed and no Reserve Water will continue to exist.