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Template:EFET Allowance Annex 4.1: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "§ {{efetaprov|4.1}} '''{{efetaprov|Delivery, Acceptance and Scheduling Obligations}}'''. :(a) {{efetaprov|Buyer}} shall Schedule, sell and {{efetaprov|Transfer}} to {{efetaprov|Seller}}, or, if applicable in accordance with the relevant provision of § {{efetaprov|4.1(a)}}(i) and 4.1(a)(ii), cause to be {{efetaprov|Transfer}}red, and {{efetaprov|Buyer}} shall Schedule, purchase and accept {{efetaprov|Transfer}} of, or, if applicable in accordance with the relevant prov...") |
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::(i) For any {{efetaprov|Allowance Transaction}} in which no {{efetaprov|Transfer Point}} has been specified by the {{efetaprov|Buyer}}, the {{efetaprov|Buyer}} shall {{efetaprov|Transfer}}, or cause the {{efetaprov|Transfer}} of, the {{efetaprov|Contract Quantity}} to the {{efetaprov|Delivery Point}} from any {{efetaprov|Holding Account}} in any Registry. | ::(i) For any {{efetaprov|Allowance Transaction}} in which no {{efetaprov|Transfer Point}} has been specified by the {{efetaprov|Buyer}}, the {{efetaprov|Buyer}} shall {{efetaprov|Transfer}}, or cause the {{efetaprov|Transfer}} of, the {{efetaprov|Contract Quantity}} to the {{efetaprov|Delivery Point}} from any {{efetaprov|Holding Account}} in any Registry. | ||
::(ii) Parties may limit the scope of their {{efetaprov|Transfer}} and acceptance of {{efetaprov|Transfer}} obligations by designating one or more specific {{efetaprov|Delivery Point}}s and/or {{efetaprov|Transfer Point}}s for any {{efetaprov|Allowance Transaction}}: | ::(ii) Parties may limit the scope of their {{efetaprov|Transfer}} and acceptance of {{efetaprov|Transfer}} obligations by designating one or more specific {{efetaprov|Delivery Point}}s and/or {{efetaprov|Transfer Point}}s for any {{efetaprov|Allowance Transaction}}: | ||
:::A. If one or more {{efetaprov|Delivery Point}}s are specified by the Parties in respect of an {{efetaprov|Allowance Transaction}}, the {{efetaprov|Buyer}}’s obligations shall be limited to the obligation to Schedule, sell and {{efetaprov|Transfer}} to {{efetaprov|Seller}}, or cause to be so {{efetaprov|Transfer}}red, and the {{efetaprov|Seller}}’s obligations shall be limited to the obligation to Schedule, purchase and accept {{efetaprov|Transfer}} of, the {{efetaprov|Contract Quantity}} at the {{efetaprov|Delivery Point}}(s) so specified. | |||
:::B. If one or more {{efetaprov|Transfer Point}}s are specified by the {{efetaprov|Buyer}} in respect of an {{efetaprov|Allowance Transaction}}, the {{efetaprov|Buyer}}’s obligations shall be limited to the obligation to Schedule, sell and {{efetaprov|Transfer}} to {{efetaprov|Seller}} and the {{efetaprov|Seller}}’s obligations shall be limited to the obligation to Schedule, purchase and accept {{efetaprov|Transfer}} of, or cause to be accepted such {{efetaprov|Transfer}} of, the {{efetaprov|Contract Quantity}} from the {{efetaprov|Transfer Point}}(s) so specified. | :::B. If one or more {{efetaprov|Transfer Point}}s are specified by the {{efetaprov|Buyer}} in respect of an {{efetaprov|Allowance Transaction}}, the {{efetaprov|Buyer}}’s obligations shall be limited to the obligation to Schedule, sell and {{efetaprov|Transfer}} to {{efetaprov|Seller}} and the {{efetaprov|Seller}}’s obligations shall be limited to the obligation to Schedule, purchase and accept {{efetaprov|Transfer}} of, or cause to be accepted such {{efetaprov|Transfer}} of, the {{efetaprov|Contract Quantity}} from the {{efetaprov|Transfer Point}}(s) so specified. | ||
:::C. Where a Party, in its capacity as {{efetaprov|Buyer}}, has specified one or more {{efetaprov|Delivery Point}}(s), the other Party will, without delay, nominate each such {{efetaprov|Holding Account}}(s) specified by the {{efetaprov|Buyer}} as a 'trusted account' (for the purposes of the Registries Regulation) for each of its own {{efetaprov|Transfer Point}}s. | :::C. Where a Party, in its capacity as {{efetaprov|Buyer}}, has specified one or more {{efetaprov|Delivery Point}}(s), the other Party will, without delay, nominate each such {{efetaprov|Holding Account}}(s) specified by the {{efetaprov|Buyer}} as a 'trusted account' (for the purposes of the Registries Regulation) for each of its own {{efetaprov|Transfer Point}}s. | ||