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BROOKINGS - TWIN CITIES TRANSMISSION PROJECT AGREEMENT <br />Section 408. Discretionary Amendments to Certain Upstream Project Agreements. <br />If, at any time during the term of this Agreement, CMMPA proposes to request, or <br />receives a request from another Owner, to amend one or more of the Upstream Project <br />Agreements as defined in Section 102(eee)(i) of this Agreement, CMMPA shall not enter <br />into any such amendment without first consulting with, and providing an opportunity for <br />input and recommendations from, the Transmission Project Coordinating Committee. <br />ARTICLE 5 <br />RIGHTS AND OBLIGATIONS RELATED TO CMMPA FINANCING OF COSTS <br />OF ACQUISITION AND CONSTRUCTION <br />Section 501. CMMPA Bonds. <br />CMMPA may issue Bonds in series from time to time, including Bonds issued in <br />accordance with a Bond Resolution and consistent with CMMPA's financing plan for the <br />Transmission Project, to pay Costs of Acquisition and Construction of the Transmission <br />Project. In developing or revising its financing plan for the Transmission Project, <br />CMMPA shall consult with, and provide an opportunity for input and recommendations <br />from, the Transmission Project Coordinating Committee. <br />Section 502. Bonds for Refunding. <br />In addition to the issuance of Bonds to pay the Cost of Acquisition and Construction <br />related to the Transmission Project as provided in Section 501 of this Agreement, <br />CMMPA may also issue Bonds to refund any Bonds to reduce Monthly Transmission <br />Project Costs or if, in the opinion of CMMPA, it may otherwise be advantageous. <br />Section 503. Issuance of Taxable, Tax Subsidy, and Tax- Exempt Bonds. <br />CMMPA may issue Bonds and additional bonds or refunding bonds as Taxable Bonds, <br />Tax Subsidy Bonds, or Tax - Exempt Bonds. CMMPA shall have sole discretion to <br />determine, based on such considerations as it deems warranted, including but not limited <br />to evaluation of how each of the Participants, viewed separately, may affect any Federal <br />Tax Exemption applicable to current or anticipated funding or the issuance of any Tax <br />Subsidy Bonds, when it is necessary or appropriate to issue Taxable Bonds related to the <br />Transmission Project. Any Taxable Bonds and any portion of the Transmission Project <br />financed or refinanced by Taxable Bonds shall, to the extent permitted by the Bond <br />Resolution, not be subject to the tax covenants set forth in Section 504 of this Agreement. <br />17 <br />