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<br />Upon a.~y tcrmina:ion or ca.~cdlation of lhis Agreement, in whole or;n p"<J1, (a) City will <br />pay all monies owe.:! Ul TU Elcctric under this Agreement; and (b) all applicab!.:: provision. of <br />this As=menl relating to City's COntL~uing obligations under lhis Agreemcnt will survive <br />lamination CltCCpt as olher\l,'j~ provided herein, <br /> <br />Section 9. AJ\'NUAL RENTAL FOR EQUIPMENT ON DISTRIBliTION POLES. <br /> <br />9.1. Annual 'Reo",} Payment, In each calendar year during the tr:.rm of this Agreement, <br />City will make an annual rental payment Ul TO Electric. During Lie month of January of tacit <br />year. TU Electric ....ill submit an invoice to City designating the rental payment due. Those <br />invoices willl>e paid in accordance with thc provisions of Section 9.9. <br /> <br />9.2, Rental 'Rate. The annual rental payment willl>e cqualto the sum of Four Dollars <br />and Thirty Cenl:S (S4.30) times the number or Distribution Poles on whic.i the Equipment is <br />aJ:tu:hed on January 1 of the calendar year for which thc annual rental payment is being paid, . <br />as cletcrnlincd from the perpe:ual inventories maintained by the Pa.-ties pursuant to Section 9.6 , <br /> <br />9,3. Pro Ration, Tne a.~nual rental payment will, for any cale.'ldar year in which <br />construction pursU2!lt to any Permit Application is completed, I>e prorated from the dale of <br />completion of construction pUTOlWlt to eac.i Permit Application to the next D=mber 31 <br />fonowing that completion by multiplying the applicable rClltal TAle by a fraction, the numW'alOr <br />of which will be Lie number of months (roundod to the nearest whole month) l>c:tween the dl.1l: <br />of completion and the next December 31 and the dc.~ominaUlr of which will be twelve,(12). <br /> <br />9.4. Adjustments 10 Rental 'Rate<, The rental rates set fonh in Section 9.2 willl>e <br />adjusted for eacl1 calendar year beginning with 1994 by a."llOllnt{s) equal to the caJouiated <br />pc:rcentage of change in the Handy Whitman Inda, for Account 364, usmg the Region 4-ligure <br />for the twelve-month period ending July of the )'car immediately p=eding the year with respect <br />to whiJ:h the re.,tal rate is to be adjusted; provided, however, that 1.'1: rental Ta:e will nc:ver I>e <br />less th21l FoU1' Dollars and Thir:y Cenu ($4.30) per pole per year, <br /> <br />9.S. No ,J.diu<lment to the Annual Renl2l Paymenl. The rental payment specified by <br />Section 9.2 will not be adjusted during a.:y caJe.'ldar year due to City's atla.chmcot, replacement, <br />removal. reio.:ctio.'l or modificc.tioo of Equipme:n on any Distribution Pole dur'~~g tha1 )'car. <br /> <br />9.6. Cor-mil.tion 0' Permit A;ml;ca:i"n~ a."ld ,,"nn=: ?e=hl~ TnveT110ne<' 10int <br />PhTSi~l Tnw-.ction. TV Electric will maintain a pe:pc:tuaJ compilation of thc Penna <br />Applications a.~d notices submitted to it by Ci:y pursuant to Sections 6 and 8. City and <br />TU E!cctric will jointly maintain perpetual inventories of Lie Equipment on Distribution Poles <br />and the Distribution Poles on which Equipment is attached, These inventories will be based <br />upon the joint physieaJ insl'C"tions specified in this Section 9.6 And thc compilation of Pennit <br />Applications and notices required by this Section 9,6. Every five (5) yW's, al a time designated <br />by ro Electric. the Panies shall conduct a joint ph)'sicaJ inspection of the Equipment atached <br />to DistIibution Poles and the DisL-ibulion Poles to which it is attached, Each joint physical <br />inspection wjjJ be made in a r.J2JllleT agreeable to both Par.ies. Such insr-:ctions shall not <br />opc::zIe to rcli~'c Ci~' of any responsibility, o':lli~arion or liability provided for under this A6f="Tle:l1. <br /> <br />8 <br /> <br />" <br />