Common use of Reallocation of Costs Clause in Contracts

Reallocation of Costs. To become an Additional Participant, such person shall specify a Capacity Nomination of no less than one (1) megawatt and shall bear a portion of the Project Cost equal to: M(r) CN(i) P(i) = P X ---- X ------------ M(t) CN(t) + CN(i) where P(i) is the portion of the Project Cost to be borne by the Additional Participant, P is the Project Cost, M(r) is the number of full calendar months remaining in the Credit Installment Period, M(t) is the total number of months in the Credit Installment Period, CN(i) is the Capacity Nomination of the Additional Participant, and CN(t) is the total of the Capacity Nominations of all existing Participants (including any other Additional Participants). The Additional Participant shall remit the foregoing sum to IID, which shall within thirty (30) days after receipt distribute such amount among the Participants (including any other Additional Participants) in accordance with the following formula: C(i) D(i) = P(i) x ---- C(t) where D(i) is the amount to be distributed to a particular Participant, P(i) is the total amount to be distributed, C(i) is the total amount of unused Transmission Credits held by the Participant receiving such distribution immediately prior to the payment of the foregoing sum by the Additional Participant, and C(t) is the total amount of unused Transmission Credits held by all Participants immediately prior to the payment of the foregoing sum by the Additional Participant. All unused transmission credits usable by a Participant or its Associated Producers, regardless of when they first become available for use under Section 7.03, shall be deemed "held" by the Participant for purposes of this Section 8.02 and Section 8.05.