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i iiiiii iiiii i~iiiii iiiii iiii iiii ~iii~ii iii ~iiii i~~i iiii <br />6763l8 04/2d/~ 11:0iA 8~64 P446 LSEAa'IT <br />8 of i2 R 6i.00 D 0.00 N 0.00 Lo~an Cow+bv CO <br />6.3 Effective Date of Rate Adjustment. The Effective Date for adjUSting die <br />Base Payments and tha Delivery Payments shall be April l of each year. <br />7. T~rrm. <br />7.1 "~Unless previously terniinated, as described ~in tfiis se~tion or ~the Force <br />Majeure section of this Lease Agreement, this Lease Agreement shall terminate an January 21, <br />Zf33 t, su~ ~h~2 b~e af rtu farce ~c~ eff~ect thetesi~er. ~Tpc~a ter~vn vf this ~ Ag~ten~, <br />the Water Compaay sha11 have no obligation ta supply water to PSCo. PSCo waive,s any claim <br />ts r.c~~ueci ~rater st~gply -b3-.t~e Wa~ter ~o~y sfter ter~tafi~or~, ~d PSCo s~a1~ ~o loager <br />have any obligation to make ga.yments hereunder to the Water Company. <br />7.2 This Lease Agreement may also be terminated as provided below in the event <br />that PSCo discontinues electrical power genera.tion at Pawnee Station; provided, however, that <br />such right to teiminate may not be exercised at any time prior to I~0 years from the Effective <br />Date of this Lease Agreemen~ <br />7.2.1 PSCo shall give the Water Company written notice of it~ intent to <br />termmate this Lesse Agre;ement {`~atice of Termination"}. PSCo shall mske all payments <br />required by ttiis"L.ease Agreement for the y~r in v~-hich ~he No~ice ofT'eraiinatian is given. ~in <br />addition, at PSCo's request, the Water Company shall deliver to PSCo a11 the water that is <br />reqt~ ta lae c~e}ivcre,r~ r~rr this F.eas~e ~4greeinent for the year ia which ttrc ~oti~ec af <br />Terinination is given. <br />7',2,2 During the ca~endar years that foltow tlie year in which PSCo gives <br />the Notice of Termination, the Water Company shall have na obligation to deliver any water <br />pursuani to t~is Ix,ase ~-gteemen~ However, PS~o s~alt pay the fo~towing pErcentage of Sie <br />Base Fayment ta the Water Company on November 1 of such years: <br />Year Followin~ Terminstioa Notice <br />1 <br />Z <br />3 <br />~ <br />5 <br />~tbs~}uen~ ~ea~s . <br />% of Base Payment Made <br />100% <br />$0% <br />f~~o <br />~~% <br />20% <br />Q% <br />7.2.3 Duriag the calendar yeazs that follow the year in which PSCo <br />delivers the Notice of Termination, there shall t~ no rat~ adjustment for the Base Payments, <br />which payments shall be paid at the rate that existed as of the date of the Notice of Termination. <br />S <br />