Common use of Initial Cost Clause in Contracts

Initial Cost. The Original Parties have made a one-time, non-refundable fee for the initial investment, set-up for each Party and upgrading of the Control Center. The initial cost was set at $585,000 per participant based on the number of original Alliance members. Should additional participants (“New Members”) enter into the Alliance, they shall be responsible for all modeling (SCADA, EMS, etc.) and other up-front costs associated with integration into the Alliance and such other charges as determined by the Executive Committee.

Appears in 4 contracts

Samples: Transmission Operator Alliance Agreement, Transmission Operator Alliance Agreement, Transmission Operator Alliance Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!