Template:GTMA Master Agreement 2004 Force Majeure Definition: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with ""''{{gtmaprov|Force Majeure}}'''" means any event or circumstance beyond the reasonable control of a {{gtmaprov|Party}}, acting and having acted as a {{gtmaprov|Reasonable an...") |
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"''{{gtmaprov|Force Majeure}}'''" means any event or circumstance beyond the reasonable control of a {{gtmaprov|Party}}, acting and having acted as a {{gtmaprov|Reasonable and Prudent Operator}}, which, in respect of a {{gtmaprov|Settlement Period}}, prevents: | "'''{{gtmaprov|Force Majeure}}'''" means any event or circumstance beyond the reasonable control of a {{gtmaprov|Party}}, acting and having acted as a {{gtmaprov|Reasonable and Prudent Operator}}, which, in respect of a {{gtmaprov|Settlement Period}}, prevents: | ||
:{{gtmaprov|9(a)}} an {{gtmaprov|ECV Notification}} from being submitted to the {{gtmaprov|ECV Aggregation Agent}} ; or | :{{gtmaprov|9(a)}} an {{gtmaprov|ECV Notification}} from being submitted to the {{gtmaprov|ECV Aggregation Agent}} ; or | ||
:{{gtmaprov|9(b)}} the aggregate {{gtmaprov|Settlement Period Volume}}s from being received or taken into account by the {{gtmaprov|Settlement Administration Agent}} in determining the {{gtmaprov|Account Energy Imbalance Volume}} for the relevant {{gtmaprov|Energy Account}} of that {{gtmaprov|Party}} for that {{gtmaprov|Settlement Period}}; | :{{gtmaprov|9(b)}} the aggregate {{gtmaprov|Settlement Period Volume}}s from being received or taken into account by the {{gtmaprov|Settlement Administration Agent}} in determining the {{gtmaprov|Account Energy Imbalance Volume}} for the relevant {{gtmaprov|Energy Account}} of that {{gtmaprov|Party}} for that {{gtmaprov|Settlement Period}}; | ||
Revision as of 15:34, 16 July 2012
"Force Majeure" means any event or circumstance beyond the reasonable control of a Party, acting and having acted as a Reasonable and Prudent Operator, which, in respect of a Settlement Period, prevents:
- 9(a) an ECV Notification from being submitted to the ECV Aggregation Agent ; or
- 9(b) the aggregate Settlement Period Volumes from being received or taken into account by the Settlement Administration Agent in determining the Account Energy Imbalance Volume for the relevant Energy Account of that Party for that Settlement Period;