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two types of mobility passes. <br />The current reimbursement value per ride of Convenience/Prepaid Fare rides is .set forth in <br />Exhibit A to this agreement. <br />Tokens, stored value cards, stored ride cards, MetroPasses, U-Passes, Mobility Passes, and the <br />like are sold at a discount from their face cash value and thus have a reimbursement value per <br />ride equal to the discount applied to the per ride face cash value. <br />The two key elements of determining the reimbursement. value per ride are: (1) the fare in effect <br />at the time of usage and (2) the fare product. For most fare products, the reimbursement value <br />per ride rate is the discounted value of the fareset, as shown in Exhibit A. <br />3. Fare Adjustments: If the Council adjusts regional fares during the term of this <br />agreement, it shall prepare a revised Exhibit A reflecting any changes in the reimbursement <br />value per ride of various classes of rides in accordance with the methodology described in <br />Section 2 above. The Council shall provide written notice and a copy of the revised Exhibit A <br />to the Provider. The revised exhibit, including the reimbursement value per ride of each type of <br />ride, shall be effective upon the effective date of the fare change and without formal amendment <br />of this agreement. <br />4. New Convenience/Prepaid Fare Tools. Periodically, new Convenience/Prepaid Fare <br />tools may be developed for the region by the Council. The reimbursement value per ride for any <br />such new tools will be determined by the Council using the methodology described in section 2. <br />Distribution of revenues from any such new Convenience/Prepaid Fare tools developed for the <br />region during the term of this agreement shall be governed by the provisions of this agreement. <br />In the event the Council develops a new. Convenience/Prepaid Fare tool as described in this <br />section, it shall prepare a revised Exhibit A incorporating the reimbursement value per ride of <br />the new fare tool. The Council shall provide written notice and a copy of the revised Exhibit A <br />to the Provider. The revised exhibit, including the reimbursement value per ride of the new fare <br />tool, shall be effective upon the effective date of the new fare tool and without formal <br />amendment of this agreement. <br />5. Regional Transfer Reciprocity. The Council's regional fare structure provides for full <br />regional transfer reciprocity among all regional transit providers subject to the regional fare <br />structure. That is, all regional transit provider issued transfers shall be accepted by all other <br />regional transit providers without charge and without seeking any reimbursement of <br />Convenience/Prepaid Fare revenue for such transfers. The Provider agrees to implement <br />regional transfer reciprocity in accordance with this section and no transfer rides shall be <br />included in the Provider's requests for reimbursement of Convenience/Prepaid Fare revenue. In <br />order to implement this policy the Provider shall operate its system in accordance with the <br />following guidelines: <br />If a Convenience/Prepaid Fare tool is used as a transfer, the Provider shall ensure <br />that its farebox driver displays will read "TRANSFER" and that the farebox data <br />system will classify the ride as a transfer. <br />2 <br />