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Template:Nutshell EUA Annex (d)(ii)(1): Difference between revisions
Template:Nutshell EUA Annex (d)(ii)(1) (view source)
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:(B) '''{{euaprov|Failure to Deliver Not Remedied}}''': If the failure is not so remedied:<br> | :(B) '''{{euaprov|Failure to Deliver Not Remedied}}''': If the failure is not so remedied:<br> | ||
::(X) '''{{euaprov|Excess Emissions Penalty}} applies''': If “{{euaprov|Excess Emissions Penalty}}” does not apply, or if it does, but the {{euaprov|Delivery Date}} does not fall within the specified {{euaprov|EEP Risk Period}}, {{euaprov|Receiving Party}} may by notice terminate the parties’ obligations under “{{euaprov|Physical Settlement}}” and {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}} {{euaprov|Receiving Party’s Replacement Cost}} (if positive) on the next {{euaprov|Business Day}}, adjusted for any amounts already previously paid by {{euaprov|Receiving Party}} to {{euaprov|Delivering Party}} (other than {{euaprov|Premium}} on an {{euaprov|Allowance Option Transaction}}); or | ::(X) '''{{euaprov|Excess Emissions Penalty}} applies''': If “{{euaprov|Excess Emissions Penalty}}” does not apply, or if it does, but the {{euaprov|Delivery Date}} does not fall within the specified {{euaprov|EEP Risk Period}}, {{euaprov|Receiving Party}} may by notice terminate the parties’ obligations under “{{euaprov|Physical Settlement}}” and {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}} {{euaprov|Receiving Party’s Replacement Cost}} (if positive) on the next {{euaprov|Business Day}}, adjusted for any amounts already previously paid by {{euaprov|Receiving Party}} to {{euaprov|Delivering Party}} (other than {{euaprov|Premium}} on an {{euaprov|Allowance Option Transaction}}); or | ||
::(Y) '''{{euaprov|Excess Emissions Penalty}} applies''': If “{{euaprov|Excess Emissions Penalty}}” applies and the {{euaprov|Delivery Date}} falls within any specified {{euaprov|EEP Risk Period}}, {{euaprov|Receiving Party}} may by notice terminate the parties’ obligations under “{{euaprov|Physical Settlement}}” and {{euaprov|Delivering Party}} must pay | ::(Y) '''{{euaprov|Excess Emissions Penalty}} applies''': If “{{euaprov|Excess Emissions Penalty}}” applies and the {{euaprov|Delivery Date}} falls within any specified {{euaprov|EEP Risk Period}}, {{euaprov|Receiving Party}} may by notice terminate the parties’ obligations under “{{euaprov|Physical Settlement}}” and {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party’s Replacement Cost}} (if positive, and where it applies) on the Business Day following the day on which {{euaprov|Receiving Party}} can effect a {{euaprov|Buy-In}}, or the first Business Day following the day on which {{euaprov|Receiving Party}} is can purchase {{euaprov|Allowances}}, adjusted to take into account any amount previously paid (other than any {{euaprov|Premium}} on an {{euaprov|Allowance Option Transaction}}); or | ||
::(Z) '''{{euaprov|Failure to Deliver (Alternative Method)}}''': If “{{euaprov|Failure to Deliver (Alternative Method)}}” applies: | ::(Z) '''{{euaprov|Failure to Deliver (Alternative Method)}}''': If “{{euaprov|Failure to Deliver (Alternative Method)}}” applies: | ||
:::(aa) {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}}, on the next {{euaprov|Business Day}}, {{euaprov|Receiving Party’s Replacement Cost}} (if positive), adjusted to take into account any amount previously paid (other than any {{euaprov|Premium}} on an {{euaprov|Allowance Option Transaction}}), and upon payment, {{euaprov|Delivering Party}}’s delivery obligation will be fully discharged; and | :::(aa) {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}}, on the next {{euaprov|Business Day}}, {{euaprov|Receiving Party’s Replacement Cost}} (if positive), adjusted to take into account any amount previously paid (other than any {{euaprov|Premium}} on an {{euaprov|Allowance Option Transaction}}), and upon payment, {{euaprov|Delivering Party}}’s delivery obligation will be fully discharged; and | ||
:::(bb) if “{{euaprov|Excess Emissions Penalty}}” applies {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}} any amount determined under {{euaprov|Failure to Deliver (Alternative Method) – EEP Applicable}}. <br> | :::(bb) if “{{euaprov|Excess Emissions Penalty}}” applies {{euaprov|Delivering Party}} must pay {{euaprov|Receiving Party}} any amount determined under {{euaprov|Failure to Deliver (Alternative Method) – EEP Applicable}}. <br> | ||