Maintenance of Transmission Project. IID shall operate and maintain the Transmission Project in accordance with generally accepted engineering and operating practices in the electric utility industry. In the event of any loss or destruction of the Transmission Project or any portion thereof, or the partial or complete loss of the use thereof, on or after the Completion Date, by reason of an "uncontrollable force" as defined in Section 16 of the Standard Form Transmission Agreement, IID shall exercise due diligence to remedy such loss or destruction with all reasonable dispatch; provided that IID shall not be obligated to expend more than $250,000 in repairing or reconstructing the Transmission Project as a result of any single occurrence which occurs prior to the end of the Credit Installment Period. Subject to Section 3.01(a)(9), the costs of repairing or rebuilding the Project as a result of damage or destruction which occurs prior to the Completion Date shall be treated as Shared Costs.
Appears in 4 contracts
Samples: Funding and Construction Agreement (Ormat Technologies, Inc.), Funding and Construction Agreement (Ormat Technologies, Inc.), Funding and Construction Agreement (Ormat Technologies, Inc.)
