2. On or before November 30, 1984 and November 30 in each
succeeding year of the term of this agreement the parties shall agree
upon the services which the GVRD shall provide to the Corporation for
the next following calendar year and the cost at which those services
are to be provided and a new ‘Schedule mat setting out the services. and
the cost thereof shall be prepared, ‘signed by the parties hereto and
annexed to this agreement on or ‘before November 30, 1984 and
November 30 in each succeeding year ‘of the term of this agreement.
Such new Schedule “A" shall be effective on January 1 in the
Tmmedi ately next following year.

3. If the parties pursuant to paragraph 2 have not agreed on ‘the
services and the cost thereof and signed a new Schedule "at on or.
before November 30, 1984 or November 30 in any succeeding year during,
the term of this agreement then this agreement shall be deemed to. be ;
terminated effective on December 31 in the year following the year in —
which the parties failed to agree as aforesaid. In such case, the
Corporation shall be liable for such following year for an amount not

to exceed the costs ascribed to it in ‘Schedule. "A" for the year in.

which’ the parties failed to agree.

4. “GVRD shall on July 1 in each year during the term hereof
invoice the Corporation for the services provided by it in each
calendar year’ for an amount not to exceed the amount of. its share of
the costs shown for the Corporation on the then current Schedule "A".

The Corporation shall pay the full invoiced amount no later than
August 1 of the year in which the invoice is rendered and any amount

unpaid ‘shall bear interest at the prime commercial lending rate to its
preferred commercial customers of the Bank of Montreal from time to
time plus 1 percentage point per annum from August 1 until payment in
full fs received by the GVRD.

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