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Template:IETA Master Agreement EEP Amount: Difference between revisions
Template:IETA Master Agreement EEP Amount (view source)
Revision as of 14:47, 17 October 2023
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Amwelladmin (talk | contribs) (Created page with "“'''{{ietaprov|EEP Amount}}'''” means an amount (expressed as an amount per Allowance) that the {{ietaprov|Receiving Party}} determines, acting in good faith and using commercially reasonable procedures, to be its total losses and costs which result from the {{ietaprov|Delivering Party}}’s failure to deliver the {{ietaprov|Shortfall}} to the extent that those losses and costs are not reflected elsewhere in the definition of {{ietaprov|Receiving Party’s Replacemen...") |
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“'''{{ietaprov|EEP Amount}}'''” means an amount (expressed as an amount per Allowance) that the {{ietaprov|Receiving Party}} determines, acting in good faith and using commercially reasonable procedures, to be its total losses and costs which result from the {{ietaprov|Delivering Party}}’s failure to deliver the {{ietaprov|Shortfall}} to the extent that those losses and costs are not reflected elsewhere in the definition of {{ietaprov|Receiving Party’s Replacement Cost}} and to the extent that they relate to:<br> | “'''{{ietaprov|EEP Amount}}'''” means an amount (expressed as an amount per Allowance) that the {{ietaprov|Receiving Party}} determines, acting in good faith and using commercially reasonable procedures, to be its total losses and costs which result from the {{ietaprov|Delivering Party}}’s failure to deliver the {{ietaprov|Shortfall}} to the extent that those losses and costs are not reflected elsewhere in the definition of {{ietaprov|Receiving Party’s Replacement Cost}} and to the extent that they relate to:<br> | ||
(a) any {{ietaprov|Excess Emissions Penalty}} which the {{ietaprov|Receiving Party}} must pay to a {{ietaprov|Relevant Authority}} in accordance with the terms of the Scheme; or<br> | :(a) any {{ietaprov|Excess Emissions Penalty}} which the {{ietaprov|Receiving Party}} must pay to a {{ietaprov|Relevant Authority}} in accordance with the terms of the Scheme; or<br> | ||
(b) if this sub-paragraph (b) is specified in {{ietaprov|Schedule 2}} (''{{ietaprov|Elections}}'') as applying, any amount which the {{ietaprov|Receiving Party}} must pay to a third party in respect of any such penalty payable to any other party (including a {{ietaprov|Relevant Authority}}) by that third party as a result of the {{ietaprov|Delivering Party}}’s failure to deliver the {{ietaprov|Shortfall}}.<br> | :(b) if this sub-paragraph (b) is specified in {{ietaprov|Schedule 2}} (''{{ietaprov|Elections}}'') as applying, any amount which the {{ietaprov|Receiving Party}} must pay to a third party in respect of any such penalty payable to any other party (including a {{ietaprov|Relevant Authority}}) by that third party as a result of the {{ietaprov|Delivering Party}}’s failure to deliver the {{ietaprov|Shortfall}}.<br> | ||