Talk:Settlement Disruption - Emissions Annex Provision: Difference between revisions

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-(d)(i)(4) Settlement Disruption Event
-(A) Notification: Either party may notify the other party in writing of a Settlement Disruption Event and the impacted Transactions. If it is the affected party, it must also give details of the Settlement Disruption Event and a non-binding estimate of the extent and likely duration of the disruption on its obligations.
-(B) Effect: Upon a Settlement Disruption Event both parties’ obligations will be suspended, subject to Continuing Settlement Disruption Event below, until the Settlement Disruption Event no longer prevents settlement. During the Settlement Disruption Event, the affected party must use all reasonable endeavours to settle.
-(C) Delayed Performance: Subject to Continuing Settlement Disruption Event below, once the Settlement Disruption Event no longer prevents settlement, both parties must, promptly and within two Delivery Business Days, resume their obligations under the Transactions.
 (D) Continuing Settlement Disruption Event: Where a Settlement Disruption Event continues:
 (I) for 9 Delivery Business Days after the originally scheduled Delivery Date; or, if shorter: