AGENDA REPORTS - Laserfiche WebLink

Name of Recipient Agreement No.: XX-XXX-550 Project No.: C-06-X)00(-XXX operations by Recipient, termination of Recipient's existence, insolvency of Recipient, or filing of a voluntary or involuntary bankruptcy petition by or on behalf of Recipient. "Material Obligations" means all obligations of the Recipient payable from Revenues as identified as of the date of this Agreement in Exhibit F, this Obligation, and such additional obligations as may hereafter be issued in accordance with the provisions of such obligations and this Agreement. "Net Revenues"means, for any Fiscal Year, all Revenues received by the Recipient less the Operations and Maintenance Costs for such Fiscal Year. "Obligation" means the obligation of the Recipient to make InstallmentPayments and Additional Payments as provided herein, as evidenced by the execution of this'Agreement, proceeds of such obligations being used to fund the Project as specified in the Project Description attached hereto as Exhibit A and Exhibit A-FBA and in the documents thereby incorporated Os/reference. "Operations and Maintenance Costs" means the reasonable.annecessary costs paid or incurred by the Recipient for maintaining and operating the System, determined in accordance with generally accepted accounting principles, including all reasonable expenses,of management and repair and all other expenses necessary to maintain and preserve the System in good repair and working order, and including all reasonable and necessary administrative bests of the Recipient that.,are.charged directly or apportioned to the operation of the System, such as satades and wages of employees,overhead, taxes (if any), the cost of permits, licenses, and charges to operatethe System and insurance-premiums; but excluding, in all cases depreciation, replacement, and obsolescence charges or reserves-therefor and amortization of intangibles. "Policy" means the State Water Board's policy'for implementing the CWSRF program, as amended from time to time. �� "Project" means the Project.fi`nanced by this Agreement/as describe`d•in Exhibit A and in the documents incorporated by reference herein. \ \ !, • "Project Completion" means,the.date; as'determined•by the Division after consultation with the Recipient, that operation-cif the Rroject is,initiated or-is capable ofbemg initiated, whichever comes first. �`. ti. " `., ) "Project Costs" means the iirrtcurred.costs of the Recipient which are eligible for financial assistance from the CWS,RF,under the federal'Glean Water.Act and the State Act, which are allowable costs as defined under the'P.olicy, and which are reasonable;necessary and allocable by the Recipient to the Project under generally accepted accounting principles,plus capitalized interest. "Project Funds" means funds disbursed by the State Water Board to the Recipient for purposes of this Agreement. "Recipient" means the recipient of Project Funds, as identified on the front page of this Agreement. "Revenues"means, for each Fiscal Year, all gross income and revenue received or receivable by the Recipient from the ownership or operation of the Recipient's Water Enterprise, determined in accordance with generally accepted accounting principles, including all rates, fees, and charges (including connection fees and charges)as received by the Recipient for the services of the Water Enterprise, and all other income and revenue howsoever derived by the Recipient from the ownership or operation of the Water Enterprise or arising from the Water Enterprise, including all income from the deposit or investment of any money in the Enterprise Fund or any rate stabilization fund of the Recipient or held on the Recipient's behalf, and any refundable deposits made to establish credit, and advances or contributions in aid of construction. 3