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IETA Wikitext: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{IETA Master Agreement Preamble}} {{IETA Master Agreement 1}} {{IETA Master Agreement 2}} {{IETA Master Agreement 3}} {{IETA Master Agreement 4}} {{IETA Master Agreement 5}} {{IETA Master Agreement 6}} {{IETA Master Agreement 7}} {{IETA Master Agreement 8}} {{IETA Master Agreement 9}} {{IETA Master Agreement 10}} {{IETA Master Agreement 11}} {{IETA Master Agreement 12}} {{IETA Master Agreement 13}} {{IETA Master Agreement 14}} {{IETA Master Agreement 15}} {{IETA Master...") |
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{{IETA Master Agreement 18}} | {{IETA Master Agreement 18}} | ||
{{IETA Master Agreement Schedule 1}} | {{IETA Master Agreement Schedule 1}} | ||
{{ietaprov|13.4}} {{ietaprov|Suspension Event}}.<br> | |||
:{{ietaprov|13.4(a)}} Upon the occurrence of a {{ietaprov|Suspension Event}}, the Party affected by the {{ietaprov|Suspension Event}} shall, as soon as practicable by written notice, notify the other Party of the commencement of the {{ietaprov|Suspension Event}}. To the extent available to the Party affected by the {{ietaprov|Suspension Event}}, it shall also provide details of the {{ietaprov|Suspension Event}} including a non-binding estimate of the duration of its inability to perform its obligations due to the {{ietaprov|Suspension Event}}.<br> | |||
:{{ietaprov|13.4(b)}} Where a {{ietaprov|Suspension Event}} occurs, the obligations of both Parties, which would otherwise be required to be performed with respect to the relevant Transaction, shall be suspended for the duration of the {{ietaprov|Suspension Event}}. Subject to paragraph (c) below, upon the {{ietaprov|Suspension Event}} ceasing to exist both Parties will resume full performance of their obligations under this {{ietaprov|Agreement}} in respect of the relevant {{ietaprov|Transaction}} (including for the avoidance of doubt any suspended obligations) as soon as possible but no later than the day that is ten (10) {{ietaprov|Delivery Banking Day}}s thereafter or, if earlier, three (3) {{ietaprov|Delivery Banking Day}}s prior to the {{ietaprov|End of Validity Period Reconciliation Deadline}} (such date being the “'''{{ietaprov|Delayed Delivery Date}}'''”). For the avoidance of doubt, where a {{ietaprov|Delivery Date}} is adjusted in accordance with this Clause {{ietaprov|13.4(b)}}, then the use of the term “'''{{ietaprov|Delivery Date}}'''” elsewhere in this {{ietaprov|Agreement}} shall be construed to be a reference to the {{ietaprov|Delayed Delivery Date}}.<br> | |||
:{{ietaprov|13.4(c)}} In the event that {{ietaprov|Period Traded Allowance}}s are {{ietaprov|Transfer}}red to the {{ietaprov|Receiving Party}} on or before the {{ietaprov|Delayed Delivery Date}} following the occurrence of a {{ietaprov|Suspension Event}} as contemplated by sub-clause (a) above, the {{ietaprov|Receiving Party}} agrees to pay the {{ietaprov|Delivering Party}} the {{ietaprov|Contract Amount}} adjusted by the {{ietaprov|Cost of Carry Amount}}. For the avoidance of doubt, any adjustment of the {{ietaprov|Contract Amount}} will be identified in the relevant {{ietaprov|Statement}}sent to the Receiving Party.<br> | |||
:{{ietaprov|13.4(d)}} Where a {{ietaprov|Suspension Event}} continues to exist on the {{ietaprov|Long Stop Date}}, Clause {{ietaprov|13.2(a)}} (No {{ietaprov|Termination Payment}}) shall apply and the suspended {{ietaprov|Transaction}} shall be deemed an FM Affected {{ietaprov|Transaction}} and terminated as an FM Affected {{ietaprov|Transaction}} on the {{ietaprov|Long Stop Date}}.<br> | |||