WCID definition
Examples of WCID in a sentence
Each year, TBS will also proclaim an additional day as a public holiday during the Christmas shut-down period.
No change, amendment or modification shall be made or be effective which will adversely affect the prompt payment when due of all money required to be paid by the WCID under this Contract, and no such change, amendment or modification shall be made or be effective which would cause a violation of any provisions of any Bond Resolution.
The WCID may provide input to GBRA for spill gate level changes not caused by flood events.
This Contract shall be for the sole and exclusive benefit of GBRA, the WCID, and the owners or holders of the Bonds issued hereunder from time to time and shall not be construed to confer any benefit or right upon any other persons.
If the WCID fails to approve Bonds necessary to fund other Project improvements within said sixty (60)-day period, GBRA shall be released of any obligation to construct such other Project improvements.
GBRA shall promptly render monthly bills to the WCID for any portion of the Debt Service Requirement that becomes due and payable during the monthly period pursuant to the terms of the applicable bond resolution.
The WCID shall be obligated to observe and perform the covenants specified in this Article for so long as, but only for so long as, the WCID remains an “obligated person” with respect to the Bonds within the meaning of the Rule, except that GBRA in any event will give notice of any deposit that causes the Bonds to be no longer outstanding.
Notice shall be provided in the manner generally prescribed for notice hereunder and may be amended in the same manner from time to time as the WCID deems appropriate.
This Contract shall not be assignable by GBRA without the prior written consent of the Board of Directors of the WCID except as GBRA may pledge the payments to be received from the WCID hereunder to pay debt service on the Bonds.
If the total of the Cost Compilation is less than the total of the Receipts Compilation in the True Up, GBRA shall reimburse the WCID the difference within thirty (30) days of such determination.