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-18- <br /> Section 4.05 Billing. LAVWMA shall prepare and submit to each Member at least fifteen (15) days prior to the date on which any payment under this Contract is due from such Member, an invoice for such payment. Section 4.06 Rates and Charges by Members. (a) Livermore agrees to fix, prescribe and collect Charges in connection with its sewer service to its sewer customers during each Fiscal Year so as to yield Net Revenues from such Charges in an amount at least equal to one hundred and ten percent (110%) of Livermore’s obligations to LAVWMA due during such Fiscal Year under Section 4.01(a)(i) of this Contract and one hundred percent (100%) of amounts owed on other Obligations of Livermore due during such Fiscal Year having a lien on such Net Revenues. (b) The District shall determine the amount of the Regional Service Charge pursuant to Section 10 of the Regional Agreement which will produce aggregate Net Revenues of the District and Pleasanton during each Fiscal Year in an amount at least equal to one hundred and ten percent (110%) of the Rate Covenant Debt Service due during such Fiscal Year, and agrees to fix, prescribe and collect Regional Service Charges during such Fiscal Year in connection with sewer service provided to its sewer customers at the levels so determined. In addition, the District agrees that it will not hereafter incur any District Local Obligations secured by or payable from Regional Service Charges. (c) Pleasanton agrees to fix, prescribe and collect Regional Service Charges during each Fiscal Year at the levels prescribed by the District pursuant to Section 10 of the Regional Agreement. Section 4.07. Determination of Amount of Expansion Project Bonds and Rehabilitation Project Bonds. (a) The amount of Expansion Project Bonds for any Member shall be determined, at the time of calculation, by multiplying the principal amount of Bonds then outstanding times the percentage for which a Member is responsible for Debt Service on Expansion Project Bonds, as set forth in Section 4.01 (a)(i)(2) for Livermore, and 4.01(a)(ii)(2) for the District, for itself and Pleasanton. (b) The amount of Rehabilitation Project Bonds for any Member shall be determined, at the time of calculation, by multiplying the principal amount of Bonds then Outstanding times the percentage for which a Member is responsible for Debt Service on Rehabilitation Project Bonds, as set forth in Section 4.01(a)(i)(1) for Livermore, and Section 4.01(a)(ii)(1), for the District, for itself and Pleasanton.