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<br />e <br /> <br />e <br /> <br />other evidences of indebtedness issued to finance the capital cost of the transmission <br />lines. <br /> <br />"H" is .025 or such smaner number as necessary to fund the Contingency Reserve. <br /> <br />"f' is the Participant's Demand Allocation Factor. <br /> <br />I: <br /> <br />. <br />. <br /> <br />4.4 Contin2encv Reserve <br /> <br />The Managing Participant will maintain a separate interest-bearing account to include all <br /> <br />funds generated from O&M Expense billings to the Participants for a Contingency Reserve, <br /> <br />which shall not exceed $1,000,000. The Managing Participant may use funds from the <br /> <br />Contingency Reserve to r~imburse itself for (1) emergency repairs, (2) Major Replacements <br /> <br />costing in excess of $500,000 for which the Managing Participant has not been reimbursed <br /> <br />within 270 days, or (3) difference between actual O&M Expenses incurred and O&M ~xpenses <br /> <br />paid on basis of Annual Budget. The Managing Participant shall provide an accounting for all <br /> <br />expenditures from the Contingency ~~serve with its monthly invoice to the Participants. <br /> <br />4.5 Failure to Pav When Due <br /> <br />Should a Participant fail to tender payment within thirty (30) days of invoice of any O&M <br /> <br />Expense (or any part thereof) or should the Managing Participant fail to refund any overpayment <br /> <br />to a Participant within thirty (30) days of the date due, interest thereon shall accrue at the rate of <br /> <br />ten percent (10%) per annum from the date due until paid. <br /> <br />U:\WPALES\CONTRACT\EWB\I9991EWB 1097S.R V I <br />L.D. File No. 8()"99\ol6..1)\ <br /> <br />Revised <br /> <br />30 <br />