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<br />- - -------- <br />JHN-Uti-l=.>:.-;.,' 1::::-: 1-{ l~l I I U)- ::;',4ui'-:I::.IJlt::.l-d r'.U::'/U'j <br /> I <br /> a. The HOCKEY ASSOCIATIONS shall provide a I <br /> $300,000 cash contribution to the escrow fund. <br /> At the tue of execution of this agreement, .. <br /> the HOCKEY ASSOCIATIONS will make an initial <br /> contribution of $200,000 and another $100,000 <br /> shall be provided by October 1, 199 -' the <br /> project opening date of the national Sport5 I <br /> Center Ice Complex. <br /> b. The HOCl<EY ASSOCIATIONS shall contribute a <br /> minimum of an additional $25,000 per year for I <br /> four years beginning in 1999 and eoding in <br /> 2002. This contribution shall be made by <br /> November tat of each year. This $25,000 I <br /> annual contribution shall be financed from <br /> interest earnings on the initial escrow, a $50 <br /> surcharge for each hockey participant from any <br /> City that is not part of this Supplemental I <br /> Agreement, and other sources that the HOCKEY <br /> ASSOCIATIONS deem appropriate. <br /> c. The HOCKEY ASSOCIATIONS agree to maintain the I <br /> balance in the. escrow fund at the minimum <br /> $300,000 level on Nov9%1lber 1st of each year <br /> during the term of this agreement. If, during I <br /> the entire term of this agreement, the escrow <br /> fund falls below $300,000, the HOCKEY <br /> ASSOCIATIONS shall replenish the fund to the .. <br /> minimum $300,000 level. The escrow fund may <br /> be replenished through any interest earnings <br /> from the fund, the $50 surcharge for each <br /> hockey participant from any City that is not I <br /> part of this supplemental agreement, and any <br /> other sources that the HOCKEY ASSOCIATIONS <br /> deem appropriate. I <br /> d. If the HOCKEY ASSOCIATIONS fail to maintain a <br /> minimum $300,000 balance in the escrow fund, <br /> MANS reserves the right to impose a surcharge I <br /> on any rental of ice time to the HOCKEY <br /> ASSOCIATIONS to restore the escrow fund to the <br /> minimum fund balance. I <br /> 8. The maxillllllll balance in the escrow fund will be <br /> $400,000. Any revenues above the $400,000 <br /> amount will be returned to the HOCKEY I <br /> ASSOCIATIONS for their use. <br /> MANS agrees to review the statue of the Escrow I <br /> Fund with the HOCKEY ASSOCIATIONS after each <br /> five-year period of this agreement. At the <br /> end of this agreement, MANS will return any <br /> 4 I <br /> .. <br /> I <br />