Use of Credits. The Transmission Credits shall be applicable on a dollar-for-dollar basis against any charges or fees imposed on a Participant or its Associated Producer under any Transmission Agreement entered into by such Participant or Associated Producer and IID. Each Participant shall inform IID of the persons, selected from among itself and its Associated Producers, which are to use the Transmission Credits issued to it. Such selections will be subject to change upon written notice to IID. If a Participant or its Associated Producer elects to continue transmission under the IID-Edison Agreement, as provided in Section 6.06, IID shall, at the request of such Participant or its Associated Producer, apply transmission credits held by such Participant or its Associated Producer so as to reduce IID's charges to Edison for the transmission of electric power on behalf of such Participant or its Associated Producer under the IID-Edison Agreement.
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.)
