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BROOKINGS - TWIN CITIES TRANSMISSION PROJECT AGREEMENT
<br />constitutions, regulations, treaties, rules, codes, standards, permits, requirements
<br />and orders adopted, enacted, implemented, promulgated, ordered, issued, or
<br />entered by CMMPA or the Participant.
<br />(n) "CMMPA" means the Central Minnesota Municipal Power Agency, which has
<br />heretofore been duly created and incorporated as a municipal corporation and a
<br />political subdivision of the State of Minnesota under provisions of the Act.
<br />(o) "CMMPA MISO Transmission Owner Agreement" means the agreement
<br />between MISO and CMMPA dated August 16, 2007 providing for, among other
<br />things, MISO's operational control of certain transmission facilities, including the
<br />CMMPA Project Capacity Rights, and disbursement of revenues by MISO to
<br />CMMPA, together with any ancillary agreements, and any successor or
<br />replacements thereto.
<br />(p) "CMMPA Project Capacity Rights" means CMMPA's rights to use its
<br />Percentage Interest of the Facility Capacity and associated Transfer Capability of
<br />the Brookings Project.
<br />(q) "Contract Year" means the 12 -month period commencing on January 1 and
<br />ending December 31 of each year during the term of this Agreement, except that
<br />the first Contract Year shall commence on the earliest of (i) the date to which
<br />interest is capitalized on all of the Bonds issued to finance the Costs of
<br />Acquisition and Construction of the Transmission Project but not later than one
<br />year prior to the first principal installment date for such Bonds, or (ii) the date on
<br />which CMMPA determines, in accordance with CMMPA's financing plan for the
<br />Transmission Project, that it requires the Participant to make its first payment of
<br />the Participant Portion of Monthly Transmission Project Costs to enable CMMPA
<br />to meet Monthly Transmission Project Costs as they become due; and the last
<br />Contract Year shall end at the date of termination of this Agreement as provided
<br />in Article 9 of this Agreement.
<br />(r) "Costs of Acquisition and Construction" means, to the extent not included in
<br />Other Transmission Project Costs, all costs of planning, determining feasibility,
<br />engineering, designing, financing, installing, constructing, acquiring, and placing
<br />in operation or retirement or disposal of the Transmission Project, all as
<br />contemplated by the term "Costs of Acquisition and Construction" as defined in
<br />the Bond Resolution, including, but not limited to, funds for:
<br />(i) the deposit or deposits from the proceeds of Bonds in any funds or accounts
<br />established pursuant to the Bond Resolution as reserves for renewals,
<br />replacements and contingencies, and for decommissioning, retirement from
<br />service, termination, salvage, discontinuance, sale or disposal of any
<br />facilities included in the Transmission Project, including restoration of lands
<br />with respect thereto, as a general or other reserve, or for working capital;
<br />(ii) the deposit or deposits from the proceeds of Bonds in any fund or account
<br />established pursuant to the Bond Resolution to meet reserve requirements
<br />for Debt Service on Bonds;
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