Common use of Estimated Payment Totals Clause in Contracts

Estimated Payment Totals. Improvements to National Grid transmission and substation assets constructed by National Gridshall be funded by NYSEG in the following estimated amounts, which amounts are included in Exhibit 9 of the Supplemental Application (such estimates and any other estimates provided under this Agreement shall not limit NYSEG’s obligation to pay National Grid for all Reimbursable Costs): (a) ElbridgeSubstation - $3,078,503, and (b) Bused Line5 - $3,617,464. The Article VII Costs amount is estimated at $710,000, which assumes that National Grid staff accrued approximately $600,000 in Article VII Costs through the end of 2014 and another $110,000 to the point of Certification and approval of the EM&CP. If the actual Article VII Costs differ from the foregoing estimated Article VII Costs, NYSEG shall reimburse National Grid for the full amount of all actual Article VII Costs incurred by National Grid and its Affiliates, less the Initial Pre-Payment.

Estimated Payment Totals. Improvements to National Grid transmission and substation assets constructed by National Gridshall Grid shall be funded by NYSEG in the following estimated amounts, which amounts are included in Exhibit 9 of the Supplemental Application (such estimates and any other estimates provided under this Agreement shall not limit NYSEG’s obligation to pay National Grid for all Reimbursable Costs): (a) ElbridgeSubstation Elbridge Substation - $3,078,503, and (b) Bused Line5 Line 5 - $3,617,464. The Article VII Costs amount is estimated at $710,000, which assumes that National Grid staff accrued approximately $600,000 in Article VII Costs through the end of 2014 and another $110,000 to the point of Certification and approval of the EM&CP. If the actual Article VII Costs differ from the foregoing estimated Article VII Costs, NYSEG shall reimburse National Grid for the full amount of all actual Article VII Costs incurred by National Grid and its Affiliates, less the Initial Pre-Payment.