Common use of Additional Participants Prior to Completion Date Clause in Contracts

Additional Participants Prior to Completion Date. All of the provisions of this Article VIII shall apply to a person which desires to become an Additional Participant prior to the Completion Date, with the following modifications and adjustments: (a) For purposes of Section 8.02, the term "Project Cost" shall mean the total of the costs referred to in Section 7.01 incurred by the Participants on or before the date of such person's payment pursuant to Section 8.02, and the term "unused Transmission Credits" shall mean the portion of the Project Cost, so defined, incurred by each Participant prior to the date of such payment. The fraction C(i)/C(t) in the second formula therein, shall be computed as of the date of such person's remittance to IID pursuant to Section 8.02. 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).