Common use of Contract Option Clause in Contracts

Contract Option. In the event that the Wholesale Market Participant and Transmission Owner agree to utilize the Negotiated Contract Option consistent with Section 3.2.2 in Attachment P, Appendix 2 of Part VI of the Tariff to establish, subject to FERC acceptance, non-standard terms regarding cost responsibility, payment, billing and/or financing, the terms of Sections 3.2.1 and/or 3.2.2 of this Section 3.2 shall be superseded to the extent required to conform to such negotiated terms, as stated in a schedule attached to this WMPA.