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1 Provide Additional System Discharge Services dated June 20, 1985; and First <br /> 2 Amendment to Agreement to Provide Additional System Discharge dated February 18, <br /> 3 1993. <br /> 4 17.3 At the time that LAVWMA pays the initial'capital fee, EBDA andJ.AVWMA <br /> 5 shall Cooperate in integrating all existing agreements into one master agreement- <br /> 6 consistent herewith. If LAVWMA determines not to proceed with the Export Expansion <br /> 7 Project, this Agreement shall have no force or effect except as provided in Paragraph 18 <br /> 8 below. <br /> <br /> 9 18. LAVWMA's Option to Proceed <br /> <br />10 18.1 The parties acknowledge that LAVWMA has not completed its planning and <br /> <br />I1 design process, including certification of an Environmental Impact Report and <br />12 development of a financing plan for the Export Expansion Project. <br />13 18.2 EBDA agrees to hold interruptible capacity available for LAVWMA's use as <br />14 described in this Agreement until December 31, 1999, for the following consideration: <br /> <br />15 18.2.1 Effective October 1, 1997, LAVWMA shall make quarterly <br /> <br />16 payments to EBDA equal to the interest that would be earned in EBDA's Local Agency <br />17 Investment Fund Account heid by the State Treasurer on the sum of $3,000,000. <br /> <br />18 18.2.2 EBDA will issue a detailed invoice for the interest payment to <br /> <br />19 LAVWMA on or about the 15th of January, Apdl, July, and October beginning January <br />_>0 15, 1998 through January 15, 2001. <br />_>1 18.3 At any time until December 31, 1999, LAVWMA can exercise its option to <br />~ proceed by paying $3,000,000. Such payment shall terminate the.interest payments <br />23 specified in Paragraph 18.2.1. <br /> <br /> I=I:IUA/LAV~NMA 19.9{~..~ Agreement, 13 February 18, 1998 <br /> <br /> <br />