83,770
edits
Template:EUA Annex Receiving Party’s Replacement Cost: Difference between revisions
Jump to navigation
Jump to search
Template:EUA Annex Receiving Party’s Replacement Cost (view source)
Revision as of 15:29, 11 July 2022
, 11 July 2022no edit summary
Amwelladmin (talk | contribs) (Created page with "'''{{euaprov|Receiving Party’s Replacement Cost}}''' means: :(1) if “{{euaprov|Excess Emissions Penalty}}” is specified not to be applicable in the Annex to this Part...") |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 24: | Line 24: | ||
:::::(c) onterest at the Default Rate for the period from (and including) the {{euaprov|Delivery Date}} to (but excluding) the date {{euaprov|Receiving Party}} is or would be able to purchase Allowances in accordance with paragraph (II)(Y)(a)(1) above on an amount equal to the product of the number of {{euaprov|Undelivered Allowances}} and an amount equal to the excess, if any, of the price determined pursuant to paragraph (II)(Y)(a)(1) above over the {{euaprov|Allowance Purchase Price}} or the {{euaprov|Allowance Strike Price}}, as applicable; and | :::::(c) onterest at the Default Rate for the period from (and including) the {{euaprov|Delivery Date}} to (but excluding) the date {{euaprov|Receiving Party}} is or would be able to purchase Allowances in accordance with paragraph (II)(Y)(a)(1) above on an amount equal to the product of the number of {{euaprov|Undelivered Allowances}} and an amount equal to the excess, if any, of the price determined pursuant to paragraph (II)(Y)(a)(1) above over the {{euaprov|Allowance Purchase Price}} or the {{euaprov|Allowance Strike Price}}, as applicable; and | ||
::(B) such reasonable costs and expenses which {{euaprov|Receiving Party}} incurs as a direct result of Delivering Party’s failure to deliver the {{euaprov|Shortfall}} to the extent that those costs and expenses are not reflected in paragraphs (A)(I) or (A)(II) above; or | ::(B) such reasonable costs and expenses which {{euaprov|Receiving Party}} incurs as a direct result of Delivering Party’s failure to deliver the {{euaprov|Shortfall}} to the extent that those costs and expenses are not reflected in paragraphs (A)(I) or (A)(II) above; or | ||
:(3) if | :(3) if “{{euaprov|Failure to Deliver (Alternative Method)}}” is specified to be applicable in the Annex to this Part [7] or the Confirmation for an {{euaprov|EU Emissions Allowance Transaction}}, then, in respect of a failure to deliver a number of Allowances (the number of Allowances not so delivered being the “{{euaprov|RPRC Shortfall}}”), an amount equal to: | ||
::(A) | ::(A) | ||
:::(I) the price (per Allowance) {{euaprov|Receiving Party}}, acting in a commercially reasonable manner, does or would, in the determination of the Calculation Agent, pay in an arm’s length transaction concluded in accordance with prevailing market practice on the {{euaprov|Final Delivery Date}} to purchase a number of Allowances equivalent to the {{euaprov|RPRC Shortfall}} for delivery on the first {{euaprov|Delivery Business Day}} on which transactions concluded on the {{euaprov|Delivery Date}} would be settled in accordance with prevailing market practice; less | :::(I) the price (per Allowance) {{euaprov|Receiving Party}}, acting in a commercially reasonable manner, does or would, in the determination of the Calculation Agent, pay in an arm’s length transaction concluded in accordance with prevailing market practice on the {{euaprov|Final Delivery Date}} to purchase a number of Allowances equivalent to the {{euaprov|RPRC Shortfall}} for delivery on the first {{euaprov|Delivery Business Day}} on which transactions concluded on the {{euaprov|Delivery Date}} would be settled in accordance with prevailing market practice; less | ||