Additional Participant definition
Examples of Additional Participant in a sentence
Each Additional Participant shall execute and become a party to this Agreement and, except as specifically provided herein, shall have the rights and duties of a Participant under every provision of this Agreement other than those provisions which by their terms apply only to the Original Participants.
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).
Notwithstanding anything to the contrary in Sections 8.02 through 8.04, the following rule shall apply to the extent that the Capacity Nomination specified by an Additional Participant preempts transmission capacity which was formerly held by another Participant by operation of Section 6.3 of the Standard Form Transmission Agreement or a provision of another form of Transmission Agreement similar in substance thereto.
In computing the total amount of Project Contributions made by a Participant, there shall be a deduction for any amounts received by such Participant from payments made by an Additional Participant pursuant to Section 8.02, as modified by this paragraph (a).
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.