CT2015-174 Feasibility Study

• Contract/PO #: CT2015-174
• Contractor Name: Uncompahgre Valley Water Users Association
• Contract Type: Loan
• County: Montrose
• Loan Projects - Doc Type: Feasibility Study

Execution Version
Period, multiplied by(b)the Capacity and Energy Rate as defined in attached
Exhibit 1.
6.2 Beginning With the calendar month'following the month in which the First
Commercial Operation Date occurs,Seiler shall submit to Buyer,by the 10th day
o1 each month,'an invoice for the.preceding Billing Peilod,=for the.Output.Such
Invoke shall Include the beginning and end dates of the Billing Period, the
amount of Output delivered to Buyer as determined from the metering
ecjufpirlent 05003'0 In Section 7 herein and the calculation In Exhibit 3,and the
total amount due to Seller based on the rate set forth in Exhibit 1 attached
hereto.
6.3 Buyer shall make payflierit to Seller;either Pi!c11ec�Tc�or by electronic tean9Seir Of
such f a iient;-within"thl fi► (30)days followii g receipt-of the invoice'from'%eller.
Payments are deemed paid on the date they-are post marked or 6lectronk141ll
transferred.Absent proof of postmarlt.payments shall)e-Agemed paid as of the
datnelie checjc is rece'lyed by'Seller.interest fin any unpa ,undisputed*01,91
shall ac rue at the rate of one percent per*nth from thie date due until the
date clpohinrtilchliayn'ietit.is made,
6A 10fOithhffloh necessary to accotpp(ish electronic transfer of payments due shag
be provided In writing pursuant toSection'22.
6.5 In the event"hat any portion of a'bid Is In dispute{the undisputed amount-shall
be paid In tixordance with Section 6.3.The Parties shtill use their best efforts to
an ably and promptly resolve the dispute.Upon deterninfition of the correct
billing amount Vie pepper adjustment shall bead prrefunded tr ly
to an Interest charge at the tate of one percent per*nth,or fraction thereof
from the date due unto the date upon whicirpayment is Made.
7.
7.1 Allpeaty inters dedicated Pi*eniial 'pnd Ortr'eilt tfansfOrnleis, acrd
a:004W 7 equ t to'be utilzed for went of he mateted Enemy
for deterMinint Buyees payments to Seiler pursuant to tills Agreement,based
on the rate set forth in bxhibit 1 and the formula set forth in Exhibft A,attached
hereto,shall be installed,owned,operated and maintained in accordance with
the interconnection Agreement.
7.2 A one doe drawing depicting the of the•Wigs)to the Polfil cif
Delivery a id-the placement of Seller's metering InstaliatiOn Is attached hereto,
and made a part hereof,as Exhibit 6.
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