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Template:Nutshell EUA Annex Settlement Disruption Event: Difference between revisions
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Template:Nutshell EUA Annex Settlement Disruption Event (view source)
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:Something beyond the affected party’s control that, having used [[all reasonable efforts]], it cannot overcome and which makes it impossible to perform its obligations to deliver or to accept {{euaprov|Allowances}} under an {{euaprov|EU Emissions Allowance Transaction}}. | :Something beyond the affected party’s control that, having used [[all reasonable efforts]], it cannot overcome and which makes it impossible to perform its obligations to deliver or to accept {{euaprov|Allowances}} under an {{euaprov|EU Emissions Allowance Transaction}}. | ||
: | :Note that the following will not count as Settlement Disruption Events if they cause an inability to deliver {{euaprov|Allowances}} in the affected party’s {{euaprov|Specified Holding Account}}, as a result of: | ||
::(a) the low or non-allocation of {{euaprov|Allowances}} by any state; | ::(a) the low or non-allocation of {{euaprov|Allowances}} by any state; | ||
::(b) a Member State or {{euaprov|Central Administrator}} not replacing {{euaprov|Third Compliance Period}} {{euaprov|Allowances}} with {{euaprov|Fourth Compliance Period}} {{euaprov|Allowances}}; or | ::(b) a Member State or {{euaprov|Central Administrator}} not replacing {{euaprov|Third Compliance Period}} {{euaprov|Allowances}} with {{euaprov|Fourth Compliance Period}} {{euaprov|Allowances}}; or | ||
::(c) any party’s failure of a party to procure sufficient {{euaprov|Allowances}} to meet its delivery obligations | ::(c) any party’s failure of a party to procure sufficient {{euaprov|Allowances}} to meet its delivery obligations | ||
:Something which otherwise would be a Settlement Disruption Event ''and'' a {{euaprov|Suspension Event}}, will count as a {{euaprov|Suspension Event}} and ''not'' a Settlement Disruption Event. | |||
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