Talk:Settlement Disruption - Emissions Annex Provision

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(D) Continuing Suspension Event: Where a Suspension Event continues on the Long-Stop Date, then there will be an Illegality where the Transaction is the sole Affected Transaction, both parties are Affected Parties,no Waiting Period will apply and the Long-Stop Date will be the Early Termination Date. When determining the Early Termination Amount, if “Payment on Termination for Suspension” applies, the suspended obligations will resume on the Early Termination Date, and if it does not, the parties will have no further obligations after the Suspension Event (other than for any Unpaid Amounts); provided that: (i) Delivering Party must promptly refund any amount Receiving Party paid it under any Allowance Forward Transaction or Call; and (ii) Receiving Party must promptly refund any amount Delivering Party paid it under a Put that was not paid for delivered Allowances, together with interest from the payment date until the Transaction termination date at the relevant overnight deposit rate.

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