Template:EUA Annex (d)(i)(2): Difference between revisions

:{{euaprov|(d)(i)(2)}} '''{{euaprov|Delivery}}''' <br>

::(A) Any obligation of {{euaprov|Delivering Party}} to deliver {{euaprov|Allowances}} pursuant to an {{euaprov|EU Emissions Allowance Transaction}} shall be discharged by the completed transfer of those {{euaprov|Allowances}} from a {{euaprov|Holding Account}} of {{euaprov|Delivering Party}} under and in accordance with the {{euaprov|Scheme}}. A transfer of {{euaprov|Allowances}} shall be considered to be completed for the purpose of a delivery obligation pursuant to an {{euaprov|EU Emissions Allowance Transaction}} when the relevant {{euaprov|Allowances}} are received at the relevant {{euaprov|Specified Holding Account}} of {{euaprov|Receiving Party}}, whereupon risk of loss related to the {{euaprov|Allowances}} or any portion thereof transfers from {{euaprov|Delivering Party}} to {{euaprov|Receiving Party}}.

::(B) Notwithstanding Part(d)(i)(2)(A) above, if {{euaprov|Delivering Party}} has one or more {{euaprov|Specified Holding Account}}s for the relevant {{euaprov|EU Emissions Allowance Transaction}}, {{euaprov|Delivering Party}}’s obligation to deliver {{euaprov|Allowances}} under an {{euaprov|EU Emissions Allowance Transaction}} shall be limited to an obligation to deliver from any such {{euaprov|Specified Holding Account}} of {{euaprov|Delivering Party}} to the relevant {{euaprov|Specified Holding Account}} of {{euaprov|Receiving Party}}.  

::(C) Where {{euaprov|Receiving Party}} has more than one {{euaprov|Specified Holding Account}} in respect of an {{euaprov|EU Emissions Allowance Transaction}}, such {{euaprov|Specified Holding Account}}s are set out in order of preference.  {{euaprov|Delivering Party}} shall deliver the {{euaprov|Allowances to be Delivered}} to the first listed {{euaprov|Specified Holding Account}} of {{euaprov|Receiving Party}} on the {{euaprov|Delivery Date}} unless, in respect of such {{euaprov|Receiving Party}}’s {{euaprov|Specified Holding Account}}, it is prevented from so doing by an event or circumstance that would be a {{euaprov|Settlement Disruption Event}} or a {{euaprov|Suspension Event}} if the first listed {{euaprov|Specified Holding Account}} of {{euaprov|Receiving Party}} were the only {{euaprov|Specified Holding Account}} so listed.  In such circumstances, the provisions of this paragraph will apply iteratively to the next listed {{euaprov|Receiving Party}}’s {{euaprov|Specified Holding Account}} ([[if any]]).

::(D) If a transfer of {{euaprov|Allowances}} is completed after 4:00 p.m., Central European Time, on a {{euaprov|Delivery Business Day}} or at any time on any day other than a {{euaprov|Delivery Business Day}}, then those {{euaprov|Allowances}} will be deemed to have been delivered at 10:00 a.m., Central European Time, on the next following {{euaprov|Delivery Business Day}}.  If a transfer of {{euaprov|Allowances}} is completed before 10:00 a.m., Central European Time, on a {{euaprov|Delivery Business Day}}, then those {{euaprov|Allowances}} will be deemed to have been delivered at 10:00 a.m., Central European Time, on that day. <br>