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Project, (ii) any renewal, replacement, addition, modification, or improvement to (i) <br /> above, and (iii) all real or personal property and rights therein and appurtenances <br /> thereto necessary or useful or convenient for the effectiveness of the purposes of the <br /> Governmental Agency in the generation, transmission, and distribution of <br /> hydroelectricity; <br /> WHEREAS, the District and Governmental Agency mutually desire to amend the definition <br /> of System within the Loan Agreement to clarify that it is limited to the works for the generation and <br /> distribution of hydroelectric power by and from the Carter Lake hydroelectric project, and does not <br /> include any works for the generation or distribution of hydroelectric power from any other location <br /> or by any other hydroelectric project such as that which is proposed at Granby Dam; <br /> NOW THEREFORE, in consideration of the foregoing recitals and the covenants and <br /> agreements set forth in this First Amendment, the sufficiency of which are hereby mutually <br /> acknowledged,the District and Governmental Agency hereby agree as follows: <br /> 1. Amendment. Paragraph (2), Description of System, in Exhibit A to the Loan <br /> Agreement is amended to read as follows: <br /> "System" shall mean, (i) any facility, plant, works, system, building, structure, <br /> improvement, machinery, equipment, fixture, or other real or personal property, <br /> relating to the generation and distribution of hydropower electricity by and from the <br /> hydroelectric project at Carter Lake that is owned, operated, or controlled by the <br /> Governmental Agency, including without limitation, the Project, (ii) any renewal, <br /> replacement, addition, modification or improvement to (i) above, and (iii) all real or <br /> personal property and rights therein and appurtenances thereto necessary or useful or <br /> convenient for the effectiveness of the purposes of the Governmental Agency in the <br /> generation, transmission, and distribution of hydroelectricity from the Carter Lake <br /> Hydroelectric Project. "System" does not include any works associated with any <br /> other project or property of the Governmental Agency. <br /> 2. Extent of Amendment. Except as otherwise specifically amended herein, the Loan <br /> Agreement shall remain unchanged and is in full force and effect. <br /> 3. Counterpart/Facsimile Signatures. This First Amendment may be executed in any <br /> number of counterparts, each of which shall be deemed an original, and all of which, when taken <br /> together, shall constitute one and the same instrument. <br />