Reservation Surcharge Sample Clauses

Reservation Surcharge. The Reservation Surcharge for a particular year shall equal twenty-five percent (25%) of the Reservation Fee for that year and shall be due and payable with the Reservation Fee each year; provided, however, the Reservation Surcharge shall be discontinued whenever the Credit Entries to the Region K Credit Account are equal to or greater than the sum of the Incurred Capital Costs for the Region K Projects and the then estimated Unincurred Capital Costs of the Region K Projects. The Reservation Surcharge shall be reinstated if the balance in the Region K Credit Account is ever less than the then estimated Unincurred Capital Costs of the Region K Projects. The Reservation Surcharge shall be reinstated as of the date the balance is less than the then estimated Unincurred Capital Cost of the Region K Projects and continued until the Credit Balance in the Region K Credit Account equals or exceeds the then estimated Unincurred Capital Costs of the Region K Projects.
Sample 1
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Related to Reservation Surcharge

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  • Tariff 2.95.1 Any applicable Federal or state tariff of a Party, as amended from time- to-time;

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  • Operating and Maintenance Expenses Subject to the provisions herein addressing the use of facilities by others, and except for operations and maintenance expenses associated with modifications made for providing interconnection or transmission service to a third party and such third party pays for such expenses, the Interconnection Customer shall be responsible for all reasonable expenses including overheads, associated with: (1) owning, operating, maintaining, repairing, and replacing the Interconnection Customer’s Interconnection Facilities; and (2) operation, maintenance, repair and replacement of the Participating TO’s Interconnection Facilities.

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