Template:M summ EFET Allowance Annex 7.2: Difference between revisions

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Created page with "Note the similarity between {{euaprov|7.2}}, as it relates to {{euaprov|Force Majeure}}, and {{euaprov|7.4(b)}} as it relates to {{euaprov|Suspension Events}}. The difference being that (1) as long as it persists the affected Party must try its best to alleviate a {{euaprov|Force Majeure}}, but is not so required for the {{euaprov|Suspension Event}}, and (2) once the Force Majeure lifts, the Parties must resume their obligations within two {{efetaprov|Business Days}}, bu..."
 
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Note the similarity between {{euaprov|7.2}}, as it relates to {{euaprov|Force Majeure}}, and {{euaprov|7.4(b)}} as it relates to {{euaprov|Suspension Events}}. The difference being that (1) as long as it persists the affected Party must try its best to alleviate a {{euaprov|Force Majeure}}, but is not so required for the {{euaprov|Suspension Event}}, and (2) once the Force Majeure lifts, the Parties must resume their obligations within two {{efetaprov|Business Days}}, but if it is a Suspension Event, they have a more leisurely time frame of ten Business Days, ''at least'', before they have to get on with it.
Note the similarity between {{euaprov|7.2}}, as it relates to {{euaprov|Force Majeure}}, and {{euaprov|7.4(b)}} as it relates to {{euaprov|Suspension Events}}. The difference being that (1) as long as it persists the affected Party must try its best to alleviate a {{euaprov|Force Majeure}}, but is not so required for the {{euaprov|Suspension Event}}, and (2) once the Force Majeure lifts, the Parties must resume their obligations within two {{efetaprov|Business Days}}, but if it is a Suspension Event, they have a more leisurely time frame of ten Business Days, ''at least'', before they have to get on with it.
Why? Well, {{euaprov|Force Majeure}} is a market-side event beyond the parties’ reasonable control. Market forces being the magical, invisible-handsy sorts of things that they are, the various [[Carbon Squad]]s seem to have presumed they will snap back to behaviour in almost instantaneously, whereas they seem to have a lot less confidence about the performance of {{euaprov|Registry Operators}} and Administrators, being governmental bodies, whose misperformance creates a Suspension Event.
They both seem like pointless, [[litigationey]], arbitrary dates to the [[Jolly Contrarian|JC]].

Latest revision as of 13:24, 11 September 2023

Note the similarity between 7.2, as it relates to Force Majeure, and 7.4(b) as it relates to Suspension Events. The difference being that (1) as long as it persists the affected Party must try its best to alleviate a Force Majeure, but is not so required for the Suspension Event, and (2) once the Force Majeure lifts, the Parties must resume their obligations within two Business Days, but if it is a Suspension Event, they have a more leisurely time frame of ten Business Days, at least, before they have to get on with it.

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