Common use of Increases in Capacity Nominations Clause in Contracts

Increases in Capacity Nominations. Any Participant which prior to the end of the Credit Installment Period wishes to increase its Capacity Nomination shall be treated as an Additional Participant as to such increase and shall follow all of the procedures set forth in this Article VIII (including without limitation the obligation to make the payments required by Section 8.02 and Section 8.04). For purposes of calculating the payments and Transmission Credit transfers required by this Article VIII, the increase in Capacity Nomination requested by such Participant shall be treated as its Capacity Nomination (CN(i) in Section 8.02) and its Capacity Nomination prior to the increase shall be treated as part of the Capacity Nominations of the existing Participants (CN(t) in Section 8.02).

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.)

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