2.4. ERMUSR 09-08-2015 - Laserfiche WebLink

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applicable Area(s). To coordinate these transfers and other utility issues, technical and management representatives of the Parties will meet at least once per year to discuss electric service territory issues, including transfers and timing, as well as broader issues of mutual interest, such as coordinated planning of system improvements in the Affected Areas, utility interconnection, equipment sharing, and mutual aid. 1.3 The Parties agree to cooperate fully in notifying affected customers as to the transfer of electric service and in arranging the transfer of service to be as convenient and seamless as possible for the affected customers 1.4 To avoid duplication of facilities and to consider the impact on affected customers, the Parties may mutually agree in writing to a service-by-exception or arrangement other than the service transfer specified in Section 1.2. Article II: Settlement Payments As settlement payment and in consideration of the covenants, releases, and representations made by the Cooperative herein, the Municipal agrees to make certain payments to the Cooperative, as provided in this Article 2. 2.1 Facilities Costs. If the Cooperative has electric distribution facilities in the Affected Areas, the Municipal shall pay the original cost of such facilities, less depreciation through the applicable Transfer Date, based on generally accepted accounting principles. The Parties shall follow the payment process in Section 2.7. 2.1.1 The Cooperative hereby sells, conveys, transfers, assigns, and sets over to the Municipal, its successors and assigns, all of the right, title, and interest of the Cooperative in and to the facilities transferred under Section 2.1 upon payment as described in section 2.7. The Municipal hereby accepts the assignment of all of the right, title, and interest of Cooperative in and to such facilities. Any facilities that the 3 52