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L8 <br /> 3 . Through the completion of construction and the formal <br /> acceptance by the County of the Subdivision wastewater system as <br /> complete, OWASA shall render a bill by monthly invoice to the <br /> COUNTY as service is provided by OWASA and shall provide to the <br /> COUNTY bills as frequently as required by the payment schedule <br /> specified under construction and consulting service contracts for <br /> services other than those provided by OWASA. The COUNTY shall <br /> make payment to OWASA after construction contract and other <br /> invoices are provided to it. Utility service billings will be <br /> made directly to the residents of the Subdivision and shall <br /> contain such terms and conditions as are customary and as are <br /> deemed fiscally prudent by OWASA. The parties agree that the <br /> Subdivision wastewater system will not be accepted by the COUNTY <br /> until such times as it and each of its component parts has been <br /> approved and permitted, whichever is applicable, by the <br /> following: OWASA; each agency or division of the State of North <br /> Carolina with a permitting or financial interest in the system; <br /> the County; the Orange County Health Department. <br /> 4 . This Agreement shall terminate upon the happening of one or <br /> more of the following events : <br /> ( i) OWASA' s sewer system is extended to the Subdivision; or <br /> ( ii) the COUNTY's Clean Water grant application is denied; <br /> or <br /> (iii) a minimum of one ( 1) year has elapsed following the <br /> closeout of the Clean Water grant project and the final approval <br /> of the grant project by the State . Within a reasonable amount of <br /> 4 <br />