Template:IETA Master Agreement 5.2: Difference between revisions
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{{ietaprov|5.2}} '''{{ietaprov|Sufficient Allowances}}'''. In relation to a {{ietaprov|Transaction}} and a {{ietaprov|PTA Quantity}}, the {{ietaprov|Delivering Party}} shall, subject to Clause {{ietaprov|13}} ({{ietaprov|Force Majeure and Suspension Event}}), ensure that there are sufficient transferable {{ietaprov|Allowances}} in the {{ietaprov|Holding Account}} from which the {{ietaprov|Transfer}} is to be effected to ensure that the {{ietaprov|Transfer Request}} will be accepted under the {{ietaprov|System}} at the time at which it is to be accepted in accordance with this {{ietaprov|Agreement}}. | {{ietaprov|5.2}} '''{{ietaprov|Sufficient Allowances}}'''. In relation to a {{ietaprov|Transaction}} and a {{ietaprov|PTA Quantity}}, the {{ietaprov|Delivering Party}} shall, subject to Clause {{ietaprov|13}} ({{ietaprov|Force Majeure and Suspension Event}}), ensure that there are sufficient transferable {{ietaprov|Allowances}} in the {{ietaprov|Holding Account}} from which the {{ietaprov|Transfer}} is to be effected to ensure that the {{ietaprov|Transfer Request}} will be accepted under the {{ietaprov|System}} at the time at which it is to be accepted in accordance with this {{ietaprov|Agreement}}.<br> | ||
Latest revision as of 10:32, 18 July 2023
5.2 Sufficient Allowances. In relation to a Transaction and a PTA Quantity, the Delivering Party shall, subject to Clause 13 (Force Majeure and Suspension Event), ensure that there are sufficient transferable Allowances in the Holding Account from which the Transfer is to be effected to ensure that the Transfer Request will be accepted under the System at the time at which it is to be accepted in accordance with this Agreement.