Template:Nutshell EUA Annex Settlement Disruption Event: Difference between revisions

'''{{euaprov|Settlement Disruption Event}}''': 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}}. The following will not count as {{euaprov|Settlement Disruption Event}}s if they cause an inability to deliver {{euaprov|Allowances}} in the affected party’s {{euaprov|Specified Holding Account}}:

:(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  

:(c) any party’s failure of a party to procure sufficient {{euaprov|Allowances}} to meet its delivery obligations. <br>

Something which otherwise would be a {{euaprov|Settlement Disruption Event}} ''and'' a {{euaprov|Suspension Event}}, will count as a {{euaprov|Suspension Event}} and ''not'' a {{euaprov|Settlement Disruption Event}}.<br>