Acquisition of Stored Water Equivalent Sample Clauses

Acquisition of Stored Water Equivalent. In order to launch the EWA and to provide sufficient collateral as defined in Article II.2.c.i of this Agreement for the EWA to function as intended, the Project Agencies shall acquire 200,000 acre-feet of stored water or its functional equivalent from south-of-Delta sources. This water is intended to be used as collateral for borrowing, and will be released only when all other assets have been expended. The related storage is intended to function as long-term storage space, including after the water has been released. Provided the asset’s function is not impaired, the acquisition of this asset may take any number of forms, including without limitation such transactions as source shifting, or reductions in contractor deliveries.
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