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Section 2.03. "Effective Date" means the date that Amazon begins drawing electric <br />power at the fulfillment center through the Electric Service. <br />Section 2.04. "Electric Service" means the three phase electric power service provided <br />to the fulfillment center through either a dual feed or radial feed configuration, to be selected by <br />Amazon. <br />Section 2.05. "Extension Cost Estimate" means $342,546 for a three phase radial feed <br />Electric Service. <br />Section 2.06. "Incentive" means the City's cost participation in the amount of $252,115 <br />in the cost of extending Electric Service. <br />Section 2.07. "Incentive Repayment" means a payment in the amount of $126,057.50 to <br />be paid by Amazon to City under Section 4.02 of this Agreement if Amazon fails to use at least <br />97,269,606 kWh of electric power at the fulfillment center during the Term of this Agreement or <br />fails to maintain an annual average Power Factor of at least 97% in any year during the Term <br />hereof. <br />Section 2.08. "Power Factor" is the ratio of kilowatts to kilovolt- amperes (kW / WA). <br />kW (true power) is the demand; kVA is the apparent power. <br />Section 2.09. "Term" of this Agreement shall be a period of five years from the <br />Effective Date unless sooner terminated under Section 4.02. However, the Term of this <br />3 <br />