IID's Use of the Project. IID shall have the unrestricted right to use the Transmission Project for the transmission of electric power up to IID's Reserved Capacity, which shall be a transmission capacity equal to the greater of (i) six and two-thirds percent (6-2/3%) of the Normal Transmission Capacity or (ii) the difference between the Normal Transmission Capacity and the sum of the Capacity Nominations of all Participants; provided that in no event shall IID's Reserved Capacity be less than twenty-six (26) megawatts or greater than forty (40) megawatts. IID's Reserved Capacity may increase within the limits set forth in the foregoing sentence, but in no event shall IID's Reserve Capacity decrease from the level in existence at any given time. IID shall have the right to use the Project at all times for the transmission of electric power in excess of IID's Reserved Capacity, provided that such transmission does not conflict with the transmission of electric power for any Participant (including any Additional Participant) or its Associated Producer in accordance with the terms of one or more Transmission Agreements entered into by such Participant or its Associated Producer.
Appears in 4 contracts
Samples: Funding and Construction Agreement (Ormat Technologies, Inc.), Funding and Construction Agreement (Ormat Technologies, Inc.), Funding and Construction Agreement (Ormat Technologies, Inc.)
