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Template:GTMA Master Agreement 2004 5.1: Difference between revisions
Template:GTMA Master Agreement 2004 5.1 (view source)
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Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|5.1}} '''{{gtmaprov|Notification Requirements}}'''<br> Subject to clause {{gtmaprov|5.4}} ({{gtmaprov|Cancellation of Default Settings}}), for each {{gtmaprov|Settl...") |
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{{gtmaprov|5.1}} '''{{gtmaprov|Notification Requirements}}'''<br> | {{gtmaprov|5.1}} '''{{gtmaprov|Notification Requirements}}'''<br> | ||
Subject to clause {{gtmaprov|5.4}} ({{gtmaprov|Cancellation of Default Settings}}), for each {{gtmaprov|Settlement Period}} for which the {{gtmaprov|Settlement Period Volume}} is other than zero and which falls within a {{gtmaprov|Transaction Term}}:<br> | Subject to clause {{gtmaprov|5.4}} ({{gtmaprov|Cancellation of Default Settings}}), for each {{gtmaprov|Settlement Period}} for which the {{gtmaprov|Settlement Period Volume}} is other than zero and which falls within a {{gtmaprov|Transaction Term}}:<br> | ||
{{gtmaprov|5.1.1}} the {{gtmaprov|Seller}} shall make an {{gtmaprov|Accurate ECV Nomination}}, which it shall send also to the {{gtmaprov|Buyer}}, and which thereafter the {{gtmaprov|Buyer}} shall confirm to the {{gtmaprov|ECV Notification Agent}}; <br> | :{{gtmaprov|5.1.1}} the {{gtmaprov|Seller}} shall make an {{gtmaprov|Accurate ECV Nomination}}, which it shall send also to the {{gtmaprov|Buyer}}, and which thereafter the {{gtmaprov|Buyer}} shall confirm to the {{gtmaprov|ECV Notification Agent}}; <br>{{gtmaprov|5.1.2}} each {{gtmaprov|Party}} shall make corresponding {{gtmaprov|Accurate ECV Nomination}}s to the {{gtmaprov|ECV Notification Agent}}; or<br>{{gtmaprov|5.1.3}} each {{gtmaprov|Party}} shall otherwise communicate with the other and the {{gtmaprov|ECV Notification Agent}} and do all such things reasonably necessary to ensure that the {{gtmaprov|ECV Notification Agent}} is able to make to the {{gtmaprov|ECV Aggregation Agent}} an {{gtmaprov|Accurate ECV Notification}},<br> | ||
{{gtmaprov|5.1.2}} each {{gtmaprov|Party}} shall make corresponding {{gtmaprov|Accurate ECV Nomination}}s to the {{gtmaprov|ECV Notification Agent}}; or<br> | |||
{{gtmaprov|5.1.3}} each {{gtmaprov|Party}} shall otherwise communicate with the other and the {{gtmaprov|ECV Notification Agent}} and do all such things reasonably necessary to ensure that the {{gtmaprov|ECV Notification Agent}} is able to make to the {{gtmaprov|ECV Aggregation Agent}} an {{gtmaprov|Accurate ECV Notification}},<br> | |||
in each case within such time as will enable the {{gtmaprov|ECV Notification Agent}} to make an {{gtmaprov|ECV Notification}} not later than one hour before the {{gtmaprov|ECV Notification Deadline}} applicable to that {{gtmaprov|Settlement Period}} (unless otherwise agreed and subject to the procedures of the {{gtmaprov|ECV Notification Agent}}). Each {{gtmaprov|Party}} shall act in accordance with the terms and procedures agreed with the {{gtmaprov|ECV Notification Agent}} in complying with this clause {{gtmaprov|5.1}}.<br> | in each case within such time as will enable the {{gtmaprov|ECV Notification Agent}} to make an {{gtmaprov|ECV Notification}} not later than one hour before the {{gtmaprov|ECV Notification Deadline}} applicable to that {{gtmaprov|Settlement Period}} (unless otherwise agreed and subject to the procedures of the {{gtmaprov|ECV Notification Agent}}). Each {{gtmaprov|Party}} shall act in accordance with the terms and procedures agreed with the {{gtmaprov|ECV Notification Agent}} in complying with this clause {{gtmaprov|5.1}}.<br> | ||