Common use of Selection by Developer Clause in Contracts

Selection by Developer. Developer shall select which option for paying O&M Expenses by providing written notice to National Grid within thirty (30) days after receiving from National Grid the Gross Connecting Transmission Owner’s Attachment Facilities Plant Investment cost and the most recent Annual Transmission Ongoing Charge Factor. If Developer fails to provide timely notice to National Grid of the option selected, Developer will be deemed to have selected Option 2: Annual Actual O&M Expenses. Capitalized terms used in this calculation will have the following definitions:

Appears in 3 contracts

Sources: Interconnection Agreement, Interconnection Agreement, Interconnection Agreement