• Assignment of Capital Credits Agreement

    Assignment of Capital Credits Agreement

  • This agreement (hereinafter “Agreement”) is entered into on   Pick a Date   by and between       (hereinafter “Assignor”), located at                  
    and Continental Divide Electric Cooperative, Inc., (hereinafter “Assignee”),
    located at 1821 Clif Lear Ave., Grants, N.M., 87020.
       
    WHEREAS, Assignor is the owner of, and has perpetual rights to capital credits associated with Continental Divide Electric Cooperative (CDEC) member account;

    WHEREAS, Assignor desires to donate


    year(s) of capital credits associated with the CDEC member account to the Continental Divide Electric Foundation;

    WHEREAS, Assignor has the right to assign these capital credits to the Assignee for deposit into the Continental Divide Electric Foundation.

    NOW THEREFORE, IT IS AGREED AS FOLLOWS:

    AGREEMENT


    1. Assignment. Upon the execution of this Agreement, Assignor agrees to assign the capital credits defined above to Assignee (CDEC) for deposit into the Continental Divide Electric Foundation.
    2. Term. This Assignment shall be effective for the years specified above. "All future capital credits" means in perpetuity.

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement, as of the date first written above.

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  • Headquarters: 1821 Clif Lear Ave. / PO Box 1087 / Grants, New Mexico 87020 District Office: 2500 NM Highway 602 / PO Box 768 / Gallup, New Mexico 87305

    505.285.6656 / Fax 505.287.2234

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