Risk Compensation. In order to compensate each of the Participants whose name appears in the list of Participants in Exhibit 1 at the time this Agreement is originally executed (the "Original Participants") for the substantial risk it incurred in funding the planning, engineering and construction of the Transmission Project, an Additional Participant shall pay IID additional sum equal to fifteen percent (15%) of the amount paid by it pursuant to Section 8.02 (without regard to any amount refunded to the Additional Participant pursuant to Section 8.03). IID shall distribute such amount among the Original Participants as follows:
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.)
