Common use of Consideration to District Clause in Contracts

Consideration to District. As consideration to the District (in addition to the consideration paid by the Operator to AWT under the Contribution Agreement in exchange for AWT’s contribution of the Assets to the District), Operator shall arrange at its sole cost (subject to Section 4.10(f)) the development and construction of the East Bank Regional System at an estimated cost of Two Hundred and Fifteen Million Dollars ($215,000,000), which includes integrated regional wastewater collection and treatment facilities on the east bank of the Parish and throughout the Service Area of the District or such other locations as the District and Operator may agree. This East Bank Regional System will be integrated into the AWT System and the East Bank Parish System and will be owned by the District as it is constructed or acquired. As of the Effective Date of this Agreement, the expected scope of the development and construction of the East Bank Regional System as shown on Appendix VI attached hereto and the estimated cost of construction is $215,000,000.

Consideration to District. As consideration to the District (in addition to the consideration paid by the Operator to AWT under the Contribution Agreement in exchange for AWT’s contribution of the Assets to the District), Operator shall arrange at its sole cost (subject to Section 4.10(f)) the development and construction of the East Bank Regional System at an estimated cost of Two Hundred and Fifteen Million Dollars ($215,000,000), which includes integrated regional wastewater collection and treatment facilities on the east bank of the Parish and throughout the Service Area of the District or such other locations as the District and Operator may agree. This East Bank Regional System will be integrated into the Former AWT System and the East Bank Parish System and will be owned by the District as it is constructed or acquired. As of the Effective Date of this Agreement, the expected scope of the development and construction of the East Bank Regional System as shown on Appendix VI attached hereto and the estimated cost of construction is $215,000,000.