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ERMU HANDOUT 07-14-2009
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ERMU HANDOUT 07-14-2009
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10/23/2009 3:35:21 PM
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waive or change any of the express provisions of this Agreement, including this <br />provision, <br />C} Each Party shall bear its own costs related to the arbitration and the costs in <br />connection With arbitrator shall be paid in equal parts by the Parties involved in <br />the arbitration unless the award shall specify otherwise. Pending the final <br />decision of the arbitrator of a dispute hereunder, all Parties agree to diligently <br />proceed With the performance of all obligations, including all payments, required <br />by this Agreement. The decision of the arbitrator may be enforced by any court <br />having jurisdiction over the Party against which the decision is rendered. <br />D} This Section 6.03 shall survive termination of the Agreement. <br />6.04 G~overn~n La~v. This Agreement shall be interpreted and governed by the laws <br />of the State of Minnesota, or the laws of the United States, as applicable. <br />6.0~ l~o~xces. Any written notice required or authorized under this Agreement from <br />one Party to the others shall be delivered or mailed by first class mail, postage prepaid, as <br />follows, unless otherwise agreed to: <br />Director of Qperations President and CEU <br />Elk River Municipal Utilities Connexus Energy <br />13 069 Qrono Parkway 14601 Ramsey Elvd. <br />Elk River MN 5 5 3 3 ow043 o Ramsey, MN 5 5 3 03 <br />6.06 Successors and Assn ns, Except as may be required by the terms of any <br />mortgage or security interest granted or given by Connexus Energy to any third party covering <br />all or substantially all of Connexus Energy's assets, none of the provisions of this A reement, <br />g <br />whether in whole or in part, shall be assigned by any Party to any third party without the written <br />consent of the other Parties which consent shall nat be unreasonably withheld. <br />6.07 Term of A reenaen~. This Agreement shall become effective as of the date first <br />above written and shall remain in effect for a period of five ~5} years, Thereafter, it shall <br />continue in full force and effect for an indeterminate period of time subject, however to the ri ht <br />g <br />of City or Connexus Energy to terminate upon not less than five ~5}years rior written notice to <br />p <br />be given by the terminating Utility to the other Utility, Conn.exus Ener has the ri ht to <br />gY g <br />terminate the agreement prior to the 5 year notice period, if either, a} Connexus Ener has <br />gy <br />requested more feeders and capacity from the substation and the City refuses to rovide the <br />p <br />8 <br />
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