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-'', � . , � <br /> , � , . <br /> , � <br /> 12. Sanitarv District. ADM will cooperate with the local sanitary district which <br /> collects and treats wastewater from ADM's East and West plants at rates which are based on the <br /> City's water billings. Such cooperation shall include the installation of ineters on flows from the <br /> North Plant and the providing of ineter readings to the sanitary district. <br /> 13. Billed and Unbilled Accounts. The City shall own and collect all accounts <br /> receivable and unbilled accounts arising from its ownership and operation of the North Plant <br /> prior to the Closing. <br /> 14. Risk of Loss. The parties acknowledge and agree that ADM, prior to the Closing <br /> Date provided hereunder, assumes no risk of loss whatever with respect to all or any part of the <br /> property referenced in Paragraph 3 to be acquired by ADM. In the event that, prior to the <br /> Closing Date, any component or components of the City's North Plant to be acquired by ADM is <br /> damaged to an extent of not more than ten percent (10%) of its value prior to said damage, as <br /> certified by the City's engineer and reviewed and certified by ADM's engineer, ADM agrees to <br /> extend the Closing Date for a period of time equal to that taken by the City to repair or replace <br /> that part of the North Plant to be acquired by ADM damaged or destroyed, provided that said <br /> extension will not exceed, without the written consent of ADM, one hundred twenty (120) days <br /> after the Closing Date otherwise provided hereunder. If the damage to any such component or <br /> components exceeds ten percent (10%) of its value prior to such damage, as certified by the <br /> City's engineer and reviewed and certified by ADM's engineer, ADM shall have the right to <br /> accept the facilities to be acquired by ADM in its damaged condition and the City shall assign to <br /> ADM all proceeds of any insurance covering such damage; or ADM shall have the right to <br /> terminate this Agreement. If the transaction, upon expiration of the extended Closing Date, if <br /> subject to extension hereunder, is not consummated as otherwise provided under the term of this '� <br /> Agreement, this Agreement shall become null and void; and thereupon all undertakings, ' <br /> obligations and liabilities of the parties hereto shall forthwith terminate and be released and ! <br /> discharged. I <br /> -9- <br />