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or terminated as to executory matters in the manner set forth in <br />Paragraph 10 of this Agreement. <br /> <br /> 3. Responsibility of the Parties Reqardinq Construction of <br />the HARRISBURG LOOP. Pursuant to the terms of this Agreement, and <br />in cooperation with CONCORD and CABARRUS, HARRISBURG shall serve as <br />contracting agent for the construction of the 12-inch water line <br />known as the HARRISBURG LOOP and its appurtenances. HARRISBURG <br />shall construct the HARRISBURG LOOP and may otherwise inter-connect <br />the HARRISBURG LOOP to HARRISBURG's existing water system. <br /> <br /> 4. Authority to Connect to Concord System. Consistent with <br />this Agreement, CONCORD grants to HARRISBURG, and HARRISBURG grants <br />to CONCORD the absolute right and privilege to connect the <br />respective water system of each to the other, without meter, at a <br />point one (1) foot southwest of Mallard Creek (the "CONCORD- <br />HARRISBURG LOOP CONNECTION"). <br /> <br /> 5. Authority to Connect to CABARRUS System. Consistent with <br />this Agreement, HARRISBURG grants to CABARRUS and CABARRUS grants <br />to HARRISBURG the absolute right and privilege to connect the <br />respective water systems of each to the other, without meter; at <br />the point along the HARRISBURG LOOP route on Highway 49 that is the <br />current terminus of CABARRUS' 12-inch line (the "HARRISBURG- <br />CABARRUS LOOP CONNECTION"). <br /> <br /> 6. Method of Financinq the HARRISBURG LOOP. To assist in the <br />expense of the HARRISBURG LOOP, CONCORD shall pay to HARRISBURG the <br />sum of Eighty-Five Thousand Dollars ($85,000.00), and CABARRUS <br />shall pay to HARRISBURG the sum of Fifty Thousand Dollars <br />($50,000.00); otherwise, except as set forth herein, HARRISBURG <br /> <br /> <br />