Template:EFET Allowance Annex EEP Equivalent: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "“'''{{euaprov|Excess Emissions Penalty Equivalent}}'''” or “'''{{efetaprov|EEP Equivalent}}'''” means an amount which the {{efetaprov|Buyer}} must pay to a third party in respect of any amount payable by that third party which arose as a result of the {{efetaprov|Buyer}}’s failure to {{efetaprov|Transfer}} the required {{efetaprov|Allowance}}s to that third party and which in turn was a consequence of the {{efetaprov|Seller}}’s failure to {{efetaprov|Transfer..." |
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“'''{{ | “'''{{efetaprov|Excess Emissions Penalty Equivalent}}'''” or “'''{{efetaprov|EEP Equivalent}}'''” means an amount which the {{efetaprov|Buyer}} must pay to a third party in respect of any amount payable by that third party which arose as a result of the {{efetaprov|Buyer}}’s failure to {{efetaprov|Transfer}} the required {{efetaprov|Allowance}}s to that third party and which in turn was a consequence of the {{efetaprov|Seller}}’s failure to {{efetaprov|Transfer}} the {{efetaprov|Contract Quantity}} to the {{efetaprov|Buyer}} under this Agreement (which, [[for the avoidance of doubt]], shall not include any costs relating to the obligation to purchase [[and/or]] surrender {{efetaprov|Allowance}}s in the following {{efetaprov|Compliance Year}}); <br> | ||
Latest revision as of 11:19, 13 September 2023
“Excess Emissions Penalty Equivalent” or “EEP Equivalent” means an amount which the Buyer must pay to a third party in respect of any amount payable by that third party which arose as a result of the Buyer’s failure to Transfer the required Allowances to that third party and which in turn was a consequence of the Seller’s failure to Transfer the Contract Quantity to the Buyer under this Agreement (which, for the avoidance of doubt, shall not include any costs relating to the obligation to purchase and/or surrender Allowances in the following Compliance Year);