Template:Nutshell EUA Annex (d)(iii): Difference between revisions

Latest revision as of 16:17, 20 March 2023

(d)(iii) Partial Settlement
If Delivering Party delivers fewer Allowances to Receiving Party on the Delivery Date than the Allowances to be Delivered (an “Allowance Shortfall”), Receiving Party’s corresponding payment obligation will be reduced proportionately and the “Failure to Deliver” provisions of this Annex will apply mutatis mutandis to the Allowance Shortfall.

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 {{euaprov|(d)(iii)}}	'''{{euaprov|Partial Settlement}}''' <br>
-If, on the {{euaprov|Delivery Date}}, {{euaprov|Delivering Party}} delivers to {{euaprov|Receiving Party}} fewer {{euaprov|Allowances}} than the {{euaprov|Allowances to be Delivered}} (a “'''{{euaprov|Allowance Shortfall}}'''”), {{euaprov|Receiving Party}}’s payment obligation will be reduced by:
+If {{euaprov|Delivering Party}} delivers fewer {{euaprov|Allowances}} to {{euaprov|Receiving Party}} on the {{euaprov|Delivery Date}} than the {{euaprov|Allowances to be Delivered}} (an “'''{{euaprov|Allowance Shortfall}}'''”), {{euaprov|Receiving Party}}’s corresponding payment obligation will be reduced proportionately and the “{{euaprov|Failure to Deliver}}” provisions of this Annex will apply ''[[mutatis mutandis]]'' to the {{euaprov|Allowance Shortfall}}.<br>
-*For {{euaprov|Allowance Forward Transaction}}s: ''{{euaprov|Allowance Shortfall}} x {{euaprov|Allowance Purchase Price}}''
-*For {{euaprov|Allowance Option Transaction}}s: ''{{euaprov|Allowance Shortfall}} x {{euaprov|Allowance Strike Price}}''
-and “{{euaprov|Failure to Deliver}}” above will apply to the {{euaprov|Allowance Shortfall}} ''[[mutatis mutandis]]''). <br>