Carry-Over Account Sample Clauses

Carry-Over Account. SMWD may instruct FVMWC to carry over any portion of the SMWD Base Allotment or the SMWD Option Capacity which is not taken by SMWD for delivery in a given Year as a credit to SMWD’s Carry-Over Account with an equal amount of water; provided, that SMWD’s Carry-Over Account shall be limited to a balance of fifteen thousand (15,000) AF. In no event shall SMWD be required to take a credit for Project Water that is not delivered by FVMWC as a result of any reduction or curtailment in the Total Annual Project Allotment, it being understood that SMWD has no obligation to purchase such Project Water. If SMWD elects to carry over water that is purchased by SMWD rather than take delivery of such water, then SMWD shall pay an annual management fee for the amount of water which it has in storage at the rate of twenty dollars ($20.00) per AF per Year (“Annual Storage Management Fee”) for each acre-foot of water actually held in SMWD’s Carry-Over Account, which fee shall be subject to annual escalation on July 1 of each Year in accordance with any increase in the Consumer Price Index - All Items for Los Angeles, Orange and Riverside Counties (or such similar index approved by the parties in the event that this CPI index is no longer available at any time during the Initial Term). If SMWD possesses water in its Carry- Over Account, FVMWC will deliver water to SMWD from its Carry-Over Account pursuant to the delivery process set forth in Section 5.1. This water shall be delivered as the third priority for water delivered by the Project, which priority may be shared with other FVMWC Members.
Sample 1
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Carry-Over Account. SLWD may subscribe for and acquire the right to carry-over any unused SLWD Allotment from Year to Year by making a one-time capital payment to Cadiz of $1,500 per AF for each AF of carry-over storage capacity subscribed (“Carry-Over Account”) with a term of fifty (50) years. At the end of the Agreement Term (i.e., the initial twenty-five (25) year term of this Agreement), and unless the Parties have mutually agreed to an Extended Term, SLWD may elect to: (i) assign its rights to any Carry-Over Account consistent with Article 10 below; or (ii) receive a rebate in the amount of $750 per AF and waive any further interest in the Carry-Over Account. The one-time capital payment shall be due after the rules and regulations governing the use of all Carry-Over Accounts have been finalized but not later than the commencement of construction of Project Facilities. SLWD may instruct FVMWC to carry over any portion of the SLWD Allotment that is not taken by SLWD for delivery in a given Year as a credit to SLWD’s Carry-Over Account with an equal amount of water; provided: (a) SLWD has fully paid for the Project Water made available by Cadiz as the SLWD Allotment; (b) SLWD’s Carry-Over Account shall be limited to the maximum limit of its carry-over storage account as paid for pursuant the one-time capital payment of $1,500 per AF and as described in the Project description, analyzed in the Project FEIR and conditioned by the Mitigation, Monitoring and Reporting Program and the GMMMP; and (c) in the event that requested Project Water deliveries of the combined annual allotments of all Project Participants, inclusive of the SLWD Allotment, and the total requests for delivery of water from the carry-over accounts of all Project Participants exceed either the capacity of the Project Facilities or the maximum quantity of Project Water authorized for extraction pursuant to the County MOU, FVMWC shall prioritize deliveries first of Project Water to satisfy Delivery Requests for the annual allotments of the Project Participants, then (and only after requests for Project Water to satisfy Delivery Requests for the annual allotments of the Project Participants have been satisfied) to requests for deliveries from Carry-Over Accounts, with such deliveries prioritized among Project Participants in relation to the order that Project Participants elect to secure a Carry-Over Account and tender payment for such Carry-Over Account. Total Carry-Over Accounts in the Project shall be limite...
Sample 1

Related to Carry-Over Account

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Revenue Account (a) Subject to Section 4.13, on each Monthly Transfer Date the Collateral Agent shall transfer with respect to each Owner Lessor, such Owner Lessor's Percentage of the funds on deposit in the Revenue Account in the following amounts in the following order of priority: FIRST, to the Operating Account, the amount certified in such Request Letter to be such Owner Lessor's Percentage of the excess, if any, of the aggregate amount of Operating Expenses then due and payable or projected to become due and payable in the next succeeding month over the balance then on deposit in the Operating Account; PROVIDED that if the Annual Budget in effect for such Fiscal Year of the Facility Lessee was determined in accordance with Section 5.14(b) or 5.14(c) of any Participation Agreement, then the amount withdrawn from the Operating Account on any Monthly Transfer Date during such Fiscal Year shall not exceed the amount set forth in such Annual Budget for the immediately succeeding calendar month unless agreed to by the Majority in Interest of the Owner Lessors except with respect to fuel and emission allowance costs which shall not be subject to the consent or approval of the Owner Lessors; SECOND, to the Collateral Agent, the applicable Owner Lessor's Owner Manager, the Lease Indenture Trustee, the Security Agent and the Bondholder Trustee, the amount certified in the Request Letter delivered in connection with such Monthly Transfer Date to be the sum of the unpaid fees, indemnities, costs and expenses then due and payable to such Persons in respect of their respective services in such capacities; PROVIDED THAT in the case of the Collateral Agent and the Bondholder Trustee, such amount shall be such Owner Lessor's Percentage of the sum of the unpaid fees, indemnities, costs and expenses of the Collateral Agent and the Bondholder Trustee; THIRD, into the applicable subaccount of the Senior Rent Payment Account, an amount equal to (a) 1/6th of the aggregate amount which is payable on or within six months following such Monthly Transfer Date on account of Senior Rent (other than of the type specified in clause (b) of the definition thereof) under such Owner Lessor's Facility Lease and (b) the aggregate amount of all Senior Rent of the type specified in clause (b) of the definition thereof, under such Owner Lessor's Facility Lease for which will become due and payable prior to the next Monthly Transfer Date together with the amount of all deficiencies, if any, with respect to deposits required to be made in the applicable subaccount of the Senior Rent Payment Account in all prior months, as certified in the Request Letter; FOURTH, subject to Section 4.13 hereof and to Section 6.9 of the Participation Agreement, if applicable, and to the Operative Documents applicable to the Persons entitled thereto, an amount equal to all other Supplemental Rent (other than Excepted Payments) under the applicable Facility Lease then due and payable to such Persons as certified in the Request Letter; FIFTH, into the Permitted Indebtedness Account, such Owner Lessor's Percentage of an amount sufficient to repay in full the Permitted Indebtedness then due, as certified in the Request Letter; SIXTH, into the applicable subaccount of the Equity Account, such Owner Lessor's Percentage of the balance remaining in the Revenue Account.

  • Retention Account credits and withdrawals

  • Omnibus Account The parties agree that, with respect to each Fund, a single omnibus account held in the name of the Nominee shall be maintained for those Plan assets directed for investment directly in the Fund, and a single omnibus account held in the name of ING Life shall be maintained for those Plan assets directed for investment in the Fund through the Contracts (collectively, the "Accounts.") ING Life as issuer of the Contracts or as service agent for the Plans, shall facilitate purchase and sale transactions with respect to the Accounts in accordance with the Agreement.

  • Separate Account If Student-Generated Content is stored or maintained by the Provider, Provider shall, at the request of the LEA, transfer, or provide a mechanism for the LEA to transfer, said Student- Generated Content to a separate account created by the student.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Other Accounts On the date of withdrawal of any Deposit, the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall be entitled to re-deposit with the Depositary any portion thereof and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on June 15, 2000 (as such date may be extended from time to time to the fifteenth day after the Delivery Period Termination Date) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of the account number assigned to any such re-deposit.

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