Template:Nutshell EUA Annex (d)(i)(2)

(d)(i)(2) Delivery

(A) Delivering Party’s will discharge its obligation to deliver Allowances under a Transaction transfering the Allowances from its Holding Account in accordance with the Scheme. Such a transfer will be deemed complete when the relevant Allowances are received into Receiving Party’s Specified Holding Account and the risk of loss has transferred to Receiving Party.

(B) If Delivering Party has any Specified Holding Accounts for the Transaction, its delivery obligation will be limited to deliver from any such Specified Holding Account to the Receiving Party’s Specified Holding Account.

(C) Where Receiving Party has multiple Specified Holding Accounts they will be specified in order of preference. Delivering Party must try to deliver to the first one, unless it is prevented from so doing by a Settlement Disruption Event or a Suspension Event affecting that Specified Holding Account. In that case it must try the next one on the list and so on.

(D) Allowances transferred after 4:00 p.m., Central European Time, on a Delivery Business Day or on a non-Delivery Business Day, will be deemed delivered at 10:00 a.m. CET on the next Delivery Business Day. Allowances transferred before 10:00 a.m. CET, on a Delivery Business Day, will be deemed to have been delivered at 10:00 a.m., CET, on that day.