Weighted Interest Sample Clauses

Weighted Interest. 8 2. FORMATION, NAME; PLACE OF BUSINESS..................... 8 2.1 Formation of LLC; Certificate of Formation. ....... 8 2.2 Name of LLC........................................ 9 2.3
Weighted Interest. “Weighted Interest” shall be equal to (0.1(1/N) + 0.5(B/C) + 0.2(D/E) + 0.2(F/G)), where: N = the total number of Members excluding ex officio Members and State Consumer Advocates (which, for purposes of Section 15.2 of this agreement, shall be calculated as of five o’clock p.m. Eastern Time on the date PJM declares a Member in default) B = the Member's internal peak demand for the previous calendar year (which, for Load Serving Entities under the Reliability Assurance Agreement, shall be that used to calculate Accounted For Obligation as determined by the Office of the Interconnection pursuant to Schedule 7 of the Reliability Assurance Agreement averaged over the previous calendar year) C = the sum of factor B for all Members D = the Member's generating capability from Generation Capacity Resources located in the PJM Region as of January 1 of the current calendar year, determined by the Office of the Interconnection pursuant to Schedule 9 of the Reliability Assurance Agreement E = the sum of factor D for all Members F = the sum of the Member's circuit miles of transmission facilities multiplied by the respective operating voltage for facilities 100 kV and above as of January 1 of the current calendar year G = the sum of factor F for all Members