Template:M comp disc IETA Suspension Event and 13
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Definition
The obvious comparison is with Suspension Event in the ISDA EU Emissions Annex, which is strikingly similar:
Suspension Event: Means any date a party to the Agreement is unable to perform its delivery or acceptance obligations under and in accordance with an EU Emissions Allowance Transaction and the Scheme through a Relevant Registry as a result of the occurrence of any of the following events:
- (i) absence of Registry Operation; or
- (ii) the occurrence of an Administrator Event.
Clause
You will recognise “Suspension Event” from the IETA Master Agreement and the ISDA EU Emissions Annex, and “Force Majeure” from the IETA Master Agreement and the EFET Allowances Appendix, and indirectly in the ISDA EU Emissions Annex, where it goes by the name of “Settlement Disruption Event”, but is largely the same.