Template:GTMA Master Agreement 2004 Force Majeure Definition: Difference between revisions

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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
:(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}};
:(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}};