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BROOKINGS - TWIN CITIES TRANSMISSION PROJECT AGREEMENT <br />TABLE OF CONTENTS <br />ARTICLE1 .......................................................................................... ..............................3 <br />Section 101. Term and Termination ............................................ ..............................3 <br />Section 102. Definitions .............................................................. ..............................3 <br />ARTICLE2 ......................................................................................... .............................11 <br />Section 201. Sale of Participant Capacity Rights Share ............. .............................11 <br />Section 202. Participant Payment Obligations ........................... .............................11 <br />Section 203. True Up of Costs Incurred Under Development Project <br />Agreement.......................................................................... .............................11 <br />Section 204. No Guarantee of Transfer Capability .................... .............................12 <br />ARTICLE3 ......................................................................................... .............................12 <br />Section 301. Title to Transmission Project; No Rights of Partition ........................12 <br />Section 302. CMMPA Further Actions to Secure Benefits ....... .............................13 <br />ARTICLE, 4 ......................................................................................... .............................13 <br />Section 401. Relationship to Other Instruments ......................... .............................13 <br />Section 402. Estimated Construction Costs, Maximum CM Costs, <br />CMMPA Bonds ..................................................... .............................17 <br />Elective Increases to CMMPA Percentage Interest, and <br />Section 502. <br />Discretionary Upgrades ..................................................... .............................13 <br />Section 403. Actions Not Subject to Requirements of Section 402 ........................14 <br />Issuance of Taxable, Tax Subsidy, and Tax - Exempt Bonds ..............17 <br />Section 404. Transmission Project Decisions; Transmission Project <br />Section 504. <br />Coordinating Committee ................................................... .............................14 <br />Section 405. MISO Participation ............................................... .............................15 <br />Participant Opinion ............................................... .............................19 <br />Section 406. MISO Participation Discontinued ......................... .............................15 <br />Section 506. <br />Section 407. Regulatory Change ................................................ .............................16 <br />Section 408. Discretionary Amendments to Certain Upstream Project <br />Source of Payments ............................................... .............................19 <br />Agreements........................................................................ .............................17 <br />Section 508. <br />ARTICLE5 ......................................................................................... .............................17 <br />Section 501. <br />CMMPA Bonds ..................................................... .............................17 <br />Section 502. <br />Bonds for Refunding ............................................. .............................17 <br />Section 503. <br />Issuance of Taxable, Tax Subsidy, and Tax - Exempt Bonds ..............17 <br />Section 504. <br />Tax Covenants ....................................................... .............................18 <br />Section 505. <br />Participant Opinion ............................................... .............................19 <br />Section 506. <br />Participant Bonds .................................................. .............................19 <br />Section 507. <br />Source of Payments ............................................... .............................19 <br />Section 508. <br />Participant Rate and System Maintenance Covenant .........................20 <br />i <br />