Capital Equivalency Charge Sample Clauses

Capital Equivalency Charge. In addition to the Fixed OM&R Charges and the Pumping Energy Charges required in Subsections 14.1.1 and 14.1.2 of this Contract, each Year the [Entity] shall make payment to CAWCD in equal semiannual installments of a Capital Equivalency Charge. Until fulfillment of CAWCD’s repayment obligation, the amount of this charge in any Year shall be equal to the M&I water service capital charge, as published in CAWCD's annual rate schedule for that Year, multiplied by the maximum number of acre-feet per year of Wheeled Water that may be transported through the CAP System under this Contract, regardless of the amount to be transported in any given Year, except that the amount of the Capital Equivalency Charge will be reduced for each acre- foot of Wheeled Water that the [Entity] schedules to be delivered for Firming in that Year. CAWCD and the United States will coordinate and consult regarding any appropriate charge for transportation of Wheeled Water following fulfillment of CAWCD’s repayment obligation in addition to the charges set forth under Subsections 14.1.1 and 14.1.2 of this Contract. The Capital Equivalency Charge payment for the initial Year shall be advanced to CAWCD in equal semiannual installments on or before December 1 preceding the initial Year and June 1 of said initial Year. Thereafter, for each subsequent Year, payments by the [Entity] in accordance with the foregoing provisions shall be made in equal semiannual installments on or before the December 1 preceding said subsequent Year and the June 1 of said subsequent Year as may be specified by CAWCD in written notices to the [Entity]. CAWCD shall deposit the Capital Equivalency Charge revenues to the Lower Colorado River Basin Development Fund.
Sample 1
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Capital Equivalency Charge. In addition to the Fixed OM&R Charges and the Pumping Energy Charges required in Sections 14.1.1 and 14.1.2, each Year the [Entity] shall make payment to CAWCD in equal semiannual installments of a Capital Equivalency Charge. The amount of this charge in any Year shall be equal to the M&I water service capital charge, as published in CAWCD's annual rate schedule for that year, multiplied by the maximum number of acre-feet per year of Wheeled Water that may be transported through the CAP System under this Contract as set forth in Exhibit 2.8, regardless of the amount to be transported in any given Year. The Capital Equivalency Charge payment for the initial Year shall be advanced to CAWCD in equal semiannual installments on or before December 1 preceding the initial Year and June 1 of said initial Year. Thereafter, for each subsequent Year, payments by the [Entity] in accordance with the foregoing provisions shall be made in equal semiannual installments on or before the December 1 preceding said subsequent Year and the June 1 of said subsequent Year as may be specified by CAWCD in written notices to the [Entity]. CAWCD shall deposit the Capital Equivalency Charge revenues to the Colorado River Basin Development Fund.
Sample 1

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