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Template:GTMA Master Agreement 2004 6.1: Difference between revisions
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Template:GTMA Master Agreement 2004 6.1 (view source)
Revision as of 15:13, 16 July 2012
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Amwelladmin (talk | contribs) (Created page with "{{gtmaprov|6.1}} '''{{gtmaprov|Failure Circumstances}}'''<br> Except to the extent that a {{gtmaprov|Party}} is relieved from complying with a relevant obligation under clause...") |
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{{gtmaprov|6.1}} '''{{gtmaprov|Failure Circumstances}}'''<br> | {{gtmaprov|6.1}} '''{{gtmaprov|Failure Circumstances}}'''<br> | ||
Except to the extent that a {{gtmaprov|Party}} is relieved from complying with a relevant obligation under clause {{gtmaprov|9}} ({{gtmaprov|Force Majeure}}), if, in respect of a {{gtmaprov|Settlement Period}}, a {{gtmaprov|Party}} (the "{{gtmaprov|Non-Complying Party}}"):<br> | Except to the extent that a {{gtmaprov|Party}} is relieved from complying with a relevant obligation under clause {{gtmaprov|9}} ({{gtmaprov|Force Majeure}}), if, in respect of a {{gtmaprov|Settlement Period}}, a {{gtmaprov|Party}} (the "{{gtmaprov|Non-Complying Party}}"):<br> | ||
{{gtmaprov|6.1.1}} ({{gtmaprov|ECV Notification Agent Authorisation}} or Appointment Failure) is in breach of clause 4 and no {{gtmaprov|Accurate ECV Notification}} is made;<br> | :{{gtmaprov|6.1.1}} ({{gtmaprov|ECV Notification Agent Authorisation}} or Appointment Failure) is in breach of clause 4 and no {{gtmaprov|Accurate ECV Notification}} is made;<br>{{gtmaprov|6.1.2}} ({{gtmaprov|ECV Nomination}} Failure) is in breach of clause 5 and no {{gtmaprov|Accurate ECV Notification}} is made;<br>{{gtmaprov|6.1.3}} (Non-compliance with {{gtmaprov|Balancing and Settlement Code}}) has not complied with clause 3.3 and as a result no {{gtmaprov|Accurate ECV Notification}} can be made or an {{gtmaprov|Accurate ECV Notification}} is wholly or partly cancelled or rejected and not remade before the {{gtmaprov|ECV Notification Deadline}}; or <br>{{gtmaprov|6.1.4}} (Withdrawal of {{gtmaprov|ECV Nomination}} or {{gtmaprov|ECV Notification}}) is in breach of clause {{gtmaprov|5.3}} and no {{gtmaprov|Accurate ECV Notification}} is made,<br> | ||
{{gtmaprov|6.1.2}} ({{gtmaprov|ECV Nomination}} Failure) is in breach of clause 5 and no {{gtmaprov|Accurate ECV Notification}} is made;<br> | |||
{{gtmaprov|6.1.3}} (Non-compliance with {{gtmaprov|Balancing and Settlement Code}}) has not complied with clause 3.3 and as a result no {{gtmaprov|Accurate ECV Notification}} can be made or an {{gtmaprov|Accurate ECV Notification}} is wholly or partly cancelled or rejected and not remade before the {{gtmaprov|ECV Notification Deadline}}; | |||
{{gtmaprov|6.1.4}} (Withdrawal of {{gtmaprov|ECV Nomination}} or {{gtmaprov|ECV Notification}}) is in breach of clause {{gtmaprov|5.3}} and no {{gtmaprov|Accurate ECV Notification}} is made,<br> | |||
then the {{gtmaprov|Non-Complying Party}}shall pay to the other {{gtmaprov|Party}} (the "{{gtmaprov|Complying Party}}") an amount calculated by reference to clause {{gtmaprov|6.2}}.<br> | then the {{gtmaprov|Non-Complying Party}}shall pay to the other {{gtmaprov|Party}} (the "{{gtmaprov|Complying Party}}") an amount calculated by reference to clause {{gtmaprov|6.2}}.<br> | ||
If, in respect of a {{gtmaprov|Settlement Period}}, both {{gtmaprov|Parties}} are {{gtmaprov|Non-Complying Parties}} under this clause {{gtmaprov|6.1}} , then both {{gtmaprov|Parties}} shall be deemed not to be a {{gtmaprov|Non-Complying Party}}and no amount shall be payable under clauses {{gtmaprov|6.2}} or {{gtmaprov|6.3}}.<br> | If, in respect of a {{gtmaprov|Settlement Period}}, both {{gtmaprov|Parties}} are {{gtmaprov|Non-Complying Parties}} under this clause {{gtmaprov|6.1}} , then both {{gtmaprov|Parties}} shall be deemed not to be a {{gtmaprov|Non-Complying Party}}and no amount shall be payable under clauses {{gtmaprov|6.2}} or {{gtmaprov|6.3}}.<br> | ||