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ENERGY SALES CONTRACT <br />BETWEEN <br />CITIES AGGREGATION POWER PROJECT <br />AND <br />CITY OF PARIS, TEXAS <br />TABLE OF CONTENTS <br />Table of Contents <br />Page <br />ARTICLE 1 DEFINITIONS AND PRINCIPLES OF INTERPRETATION ....................4 <br />1.1 <br />Definitions <br />.4 <br />1.2 <br />Principles of Interpretation . <br />11 <br />ARTICLE 2 CAPP'S OBLIGATIONS CONTINGENT UPON PERFORMANCE BY <br />FACILITY OWNERS L7NDER THE PPA; ASSUMPTION BY MEMBER....... <br />12 <br />2.1 <br />Nature of CAPP's obligations to Member <br />12 <br />2.2 <br />CAPP's duty to exercise remedies under the PPA and Guaranty; power <br />coupled with an interest . <br />12 <br />2.3 <br />Assumption of PPA by Member . <br />12 <br />ARTICLE 3 TERM OF CONTRACT AND DELIVERY OF PRODUCTS <br />13 <br />3.1 <br />Term <br />13 <br />3.2 <br />Delivery of Products . <br />13 <br />ARTICLE 4 PAYMENT OF CAPACITY PREPAYMENT TO FACILITY <br />O WNERS <br />13 <br />ARTICLE 5 DELIVERY OF CONTRACT ENERGY <br />13 <br />5.1 <br />Acquisition and Delivery of Product . <br />13 <br />5.2 <br />Title and Risk of Loss . <br />14 <br />5.3 <br />Member's Failure to Accept Product . <br />14 <br />5.4 <br />Failure of Facility Owners to Schedule or Deliver Product to CAPP <br />14 <br />ARTICLE 6 PRICING OF AND PAYMENT FOR ENERGY <br />14 <br />6.1 <br />Payment of Member's Monthly Aggregated Energy Payment <br />14 <br />6.2 <br />Payments through Retail Electric Provider and Designated Agent(s) . <br />17 <br />6.3 <br />Payments from Available Funds <br />17 <br />6.4 <br />Intent to Continue Payments <br />18 <br />6.5 <br />Failure to Appropriate Available Funds . <br />18 <br />6.6 <br />Assigrunent Upon Failure to Appropriate <br />18 <br />6.7 <br />Appropriated Energy Payments to be Unconditional . <br />19 <br />6.8 <br />CAPP as Third Party Beneficiary . <br />19 <br />6.9 <br />Member's Default of the Energy Payment Covenants and CAPP's <br />Remedies . <br />19 <br />ARTICLE 7 CAPACITY PREPAYMEN'T, MEMBER' S MONTHLY CAPACITY <br />PAYMENT AND PLEDGE OF AD VALOREM TAXES BY MEMBER.......... <br />21 <br />7.1 <br />Capacity Prepayment . <br />21 <br />7.2 <br />Capacity Payment . <br />21 <br />IN U00020' <br />