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responsible for procurement, installation, and testing of all medium voltage cabling as indicated <br />on Exhibits C and D. On or before April I, 2022 the Electric Service will be completed to <br />accommodate a peak usage of 8.5 MVA with a 60 percent load factor for the balance of the Term <br />as outlined in Exhibit B. The City's obligations under this section are subject to Developers' <br />performance of their respective obligations under this Agreement and subject to any delays caused <br />by the occurrence of a Force Majeure Event. If a Force Majeure Event occurs, the completion <br />deadlines in this section shall be extended by a period of time mutually and reasonably agreed <br />upon by the Parties. <br />ARTICLE V <br />UMC'S OBLIGATIONS <br />Section 5.01. Initial Cost Participation and Construction. Within 30 days after the <br />date of this Agreement, UMC shall make a cost participation payment to the City in the amount of <br />$350,000.00 to be applied by the City toward the costs of construction of the Electric Service, The <br />City will advance an additional sum of $285,000.00 toward the balance of UMC's participation in <br />the cost of the Electric Service. In accordance with the terms of Article X of the Chapter 380 <br />Agreement, UMC agrees that the City shall recover the $285,000.00 advanced under this section <br />by deducting such amount from one or more Grant Payments as defined in the Chapter 380 <br />Agreement until recovered in full. UMC shall construct all infrastructure components for the <br />extension of initial permanent electric service, including those components labelled as "UMC Cost" <br />and SMEU Cost" in Exhibit C, and as shown in Exhibit D. Construction designs and methods <br />shall comply with SMEU design guidelines and specifications. <br />Section 5.02. Transformers for Initial Electric Service. UMC shall procure the four <br />2,000 kVA transformers for the initial electric service referenced in Section 4.03. The assigned <br />