5.4. ERMUSR 02-20-2007 - Laserfiche WebLink

Home Browse Search

BROOKINGS-TWIN CITIES DEVELOPMENT PROJECT AGREEMENT (g) "Annual Development Project Costs" mean, with respect to a Contract Year, the total of all Monthly Development Project Costs and Monthly Development Project Capital Costs that are paid by CMMPA during each month of such Contract Year. (h) "Billing Statement" means the written statement, which may include a statement transmitted by facsimile, email, or other electronic means, prepared monthly by CMMPA and delivered to the Participant which shows the amounts to be paid for such month to CMMPA by the Participant as the Participant's Election Share of the Monthly Development Project Costs and Monthly Development Project Capital Costs as set forth in an Annual Budget or an amended Annual Budget. (i) "Bond Resolution" means any one or more resolutions, indentures, loan agreements, or other similar instruments providing for the issuance of Bonds issued or to be issued by CMMPA to fund all or any portion of Development Project Costs. (j) "Bonds" means any bonds, notes or other evidences of indebtedness issued from time to time by CMMPA (i) to pay Development Project Costs and (ii) for the purposes authorized by Sections 601 and 602 of this Agreement. (k) "Brookings Share" means CMMPA's share of the Project as set forth in the CapX 2020 Development Agreement. (1) "Brookings -Twin Cities Project Agreement" means the agreement to be executed in the future between CMMPA and Participant setting forth the Participant's entitlement and other related rights to the Transmission Project should the Participant elect to participate in the Transmission Project via its Election Share. (m) "CapX 2020 Development Agreement" means the agreement to be entered into by the CapX 2020 participants that desire to pursue Development Work which was initiated under and pursuant to the Development Project MOU, pursuant to the terms and conditions of that agreement. (n) "CapX 2020 Projects" mean the Transmission Project and one or more additional transmission projects that may be developed by or through CapX 2020 under other project agreements. (o) "Carrying Costs" shall have the meaning given such term in Attachment 1 of this agreement. (p) "CMMPA Debt Related Monthly Development Project Costs" means those Monthly Development Project Costs associated with the issuance of Bonds by CMMPA on behalf of Agency Participants that shall include, but not be limited to, those costs so identified in Attachment 4A of this Agreement. (q) "Contract Year" means the 12-month period commencing on January 1 and ending December 31 of each year during the term of this Agreement, except that the first Contract Year shall commence on the earliest of (i) the date to which interest is capitalized on all of the Bonds issued to finance the Development Project costs but not later than one year prior to the first principal installment date for such Bonds, or (ii) the C:\Documents and Settings\Bryan\Local Settings\Temporary Internet Files\OLK53\Cap X Brookings 2-12-07 9 clean.doc