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<br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br /> <br />I <br /> <br />constrl..l.Ction Jf the ?ipel..ir:e. t..he S\V5? S:::e:-;:r.se s;,aJl :ssue a ::;:...:i......:g S~.3.::::::~_: <br />to Mottee :-equir:r..g payrner:t .:J tJ1e a.r.Uc:;ated ar..::ual c:-targes and ccs~ tJ :e <br />Incurred for ac:rnlIllstraUon. operauon. :TI2.lr.tenance. repalr and repiace:ner.t:f <br />the Plpeline for the remamder of that fiscal Year. pursuant to paragraphs 6 j.,. <br />and 6.b.\1. above and to establish reseree fc::ods. ::1 succeec;r.g years. a <br />statement of estimated annual c:Jarges shall be issued on or befcre October: 5 <br />of each year ;"er:he CClrrer::t Fiscal Year. ... bJUng stawr.e::t ::r a.-.::Clal c:Ja.-;;es <br />shaJ be :ssued on er before January 15 of each year for cr.e c.:::-e::t :iscal '::c.:. <br />C:-:arges and cests ror adrrunistration. operation. mainte:13.nce. re~a.:r ar.d <br />replacement of r...'1e ?;peline shall be allocated wher as General ?;pdr.e Ccs:s. <br />individual Segment SpecifiC Costs or :\'on.Segme::t Spedic Ccsts as cesc....bd <br />in paragraphs 5.a.. 5.b. and S.c. above. Except for the first year. eSL.r::1atd <br />charges and costs for adnurustrauon. operauon. ma.J.l1tenance. repaJr and <br />replacement shall be based on the anUclpated use of the PlpeUr:e for Lh.e c,"r;-ec:t <br />Fiscal Year using the costs of administration. operation. ma.J.l1tenance. repalr <br />and replacement for the pnor Fiscal Year. plus any pOSitive and :oegative <br />adjustments necessary to account for dliTerences bet\l.'een the estimated and <br />actual costs for the pnor year and anticipated dliTerences in the current year. <br />The SWSP Enterpnse ....111 reconcile the Allottee's payment ....1th the actual costs <br />incurred for each Fiscal Year and shall eIther apply a credIt or impose an <br />addiUonal charge on the foUowmg year's bIlling statement. Allottee shall pay <br />the charges shown on the fir.;t year's bIlling statement Within sLx'Y (60) days <br />after receipt. Allottee shall pay the net charges shown on buling statements for <br />subsequent years by Ylarch 15. Any Interest earned by the S\\iS? Enterpr.se on <br />funds paJd by the Allottee before being expended by the SWSP Enterpnse shall <br />be credited aga.J.l1st the succeeding year's :-.'on-Segment Specific Costs. ..>..:lettee <br />shall have the light to annually audit. at its expense. the books and recerois oi <br />the SWSP Enterpnse relating to the P1peline. <br /> <br />b. <br /> <br />l. The requirement to pay admJnJstIaUon. operation. mamtenance. reparr <br />and replacement charges and costS of the P1peline shall be subject to <br />annual appropnation or budgeting of such charges and costs by the <br />Allottee and shall not be a multiple fiscal year obligation of the Allottee. <br />If those charges and costs are not paJd In accordance With thIS ContIact. <br />the SWS? Enterpr1Se shall give the Allottee written notice of default <br />hereunder and Allottee shall have ninety (90) days after receipt of the <br />notice to cure the default. In the event that the Allottee does not fully <br />cure the default Wlth1n said ninety (90) day peliod. the Allottee shall <br />automatically lose a portion of its allotted capacity ("'Lost Capaclty") <br />determlned by the SWS? Entel1lnse to be equal In value to the amount <br />of charges and costs not paJd and the Allottee shall have no funher <br />obl1gation to pay aclmJn1stration. operation. maJntenance. repair and <br />replacement charges and costs of the Pipeline related to the Lost <br />Capacity. The SWS? Enterpnse's determlnation of value of the Lost <br />Capacity shall be based upon the pnce of at least three recent sales of <br />capacity In the P1pelJne. sultably adjusted for inflation and other relevant <br />facto~. If three recent sales have not occurred. the SWSP Enterpnse.s <br />determlnation of value of the Lost Capacity shall be based upon the <br />or1glnal cost of the P1peUne (Including all planning. deSign. permltt~ng. <br />land acquISition. construction and other costs) suitably adjusted based <br />upon depreciation. inflation. Interest rates and other relevant factors. <br />Other PartiCipants shall have the light to purchase such Lost Capaclty <br />Within ninety (90) days after the SWSP Enterpnse gIVes notice that It IS <br />avaJIable for purchase at the value delermlned by the SWSP EnterprlSe, <br />plus any costs that the SWS? Enterpnse incurs In perfOrming Its duues <br />under thJs paragraph. If there are more PartiCipant purchasers than <br /> <br />11 <br />