Template:EFET Allowance Annex 7.5(e)

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Revision as of 15:48, 16 October 2023 by Amwelladmin (talk | contribs) (Created page with ":(e) '''{{efetaprov|Settlement of Allowance Transaction Prevented by Suspension Event}}'''. Where a {{efetaprov|Suspension Event}} for a {{efetaprov|SE Affected Transaction}} continues to exist on the applicable {{efetaprov|Long Stop Date}}, the {{efetaprov|SE Affected Transaction}} shall be deemed an {{efetaprov|Allowance Transaction}} affected by {{efetaprov|Force Majeure}} and either Party may, by written notice to the other Party, terminate all (but not less than all...")
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(e) Settlement of Allowance Transaction Prevented by Suspension Event. Where a Suspension Event for a SE Affected Transaction continues to exist on the applicable Long Stop Date, the SE Affected Transaction shall be deemed an Allowance Transaction affected by Force Majeure and either Party may, by written notice to the other Party, terminate all (but not less than all) of the SE Affected Allowance Transaction(s) in accordance with § 7.4(b) (Force Majeure Termination Payment) of the Allowances Appendix and in such instance § 7.4(b)(i) (No Termination Payment) shall apply.
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