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01/23/97 17:33 FAX 7855699 NSC Ej 004/013 <br /> party to this Master Agreement shall be entitled to replace one of the members of the Joint <br /> Board with its own representative for each one thousand forty(1,040) Guaranteed Hours <br /> assumed from a parry to this Master Agreement assigning the Guaranteed Hours. The Joint <br /> Board shall exercise such powers as arc set forth in this agreement or required under the <br /> Bond Documents, including: <br /> 1. Adopting bylaws governing its process and procedures. <br /> 2. Establishing procedures for the fair and equitable exercise of rights relating to <br /> this agreement. <br /> 3. Approval of an annual operating budget consistent with this Master <br /> Agreement and the Bond Documents. <br /> 4. Establishing fair and equitable use and programming policies and procedures <br /> not covered by and not inconsistent with this Master Agreement and the Bond <br /> Documents. <br /> 5. Determining financial reserves not inconsistent with this Master Agreement <br /> and the Bond Documents pursuant to section III-G of this Master Agreement. The <br /> Joint Board shall provide such information to Anoka County at such times as may be <br /> required in the Bond Documents. <br /> E. USE <br /> 1. (a) Rights-Blaine, Coon Rapids,MANS and MASC shall have a <br /> priority right to schedule"high season" hours as hereinafter defined for one <br /> of the four ice surfaces. The High Season is defined as 1,320 hours in the <br /> Winter Season (Oct. 15 to Mar. 15) Each party shall also have rights and <br /> obligations to 326 hours in the Fall Season (Sept. 1 to Oct. 15) and 434 <br /> hours in the Spring Season (March 15 to May 30). Such rights may be <br /> exercised by the above parties on such terms, conditions and length of notice <br /> as determined by the Joint Board. <br /> In addition to ics rights with respect to one of the four ice sheets as <br /> described in the above paragraph,MASC shall have a priority right to <br /> schedule all four ice surfaces for the months of June,July and August. <br /> MASC also has priority for all four ice surfaces for the All-American Girls' & <br /> Women's Ice Hockey Tournament (four days total in October and/or <br /> November each year) to the extent of 140 hours and a Christmas <br /> Tournament to be held between Christmas Day and New Years Day each <br /> year for up to 352 hours of ice time. In addition, each of MASC Blaine, <br /> Coon Rapids, and MANS shall be entitled to scheduling priority for all four <br /> ice surfaces for the purpose of holding a tournament requiring all four <br /> surfaces for one weekend during"High Season" (defined as 1,320 hours <br /> between October 15 to March 15 Winter season) on such terms and <br /> conditions as the Joint Board diems appropriate. All use of the ice sheets <br /> pursuant to this paragraph shall be paid for the party using the ice sheets at <br /> the regular hourly rate, and all hours paid for pursuant to this paragraph shall <br /> be credited co each respective party against their obligations under paragraph <br /> (b) below. <br /> 4 <br />