Template:EUA Annex (d)(i)(5): Difference between revisions

Template:EUA Annex (d)(i)(5) (view source)

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 {{euaprov|(d)(i)(5)}} '''{{euaprov|Suspension Event}}''' <Br>
 :(A)	'''{{euaprov|Notification of Suspension Event}}''': Upon the occurrence of a {{euaprov|Suspension Event}}, the party affected by the {{euaprov|Suspension Event}} shall, as soon as reasonably practicable, notify the other party in writing of the commencement of the {{euaprov|Suspension Event}}.  To the extent available to the party affected by the {{euaprov|Suspension Event}}, it shall also provide details of the {{euaprov|Suspension Event}} including a non-binding estimate of the duration of its inability to perform its obligations due to the {{euaprov|Suspension Event}}.
-:(B)	'''{{Effect of euaprov|Suspension Event}}''': Where a {{euaprov|Suspension Event}} occurs, the obligations of both parties which would otherwise be required to be performed with respect to the {{euaprov|EU Emissions Allowance Transaction}}(s) affected by the {{euaprov|Suspension Event}} will be suspended for the duration of the {{euaprov|Suspension Event}} and, subject to Part (d)(i)(5)(D)(Continuing {{euaprov|Suspension Event}}) below, will not be required to be performed until the {{euaprov|Suspension Event}} ceases to exist.
+:(B)	'''{{euaprov|Effect of Suspension Event}}''': Where a {{euaprov|Suspension Event}} occurs, the obligations of both parties which would otherwise be required to be performed with respect to the {{euaprov|EU Emissions Allowance Transaction}}(s) affected by the {{euaprov|Suspension Event}} will be suspended for the duration of the {{euaprov|Suspension Event}} and, subject to Part (d)(i)(5)(D)(Continuing {{euaprov|Suspension Event}}) below, will not be required to be performed until the {{euaprov|Suspension Event}} ceases to exist.
 :(C)	'''{{euaprov|Suspension Event Delayed Performance}}''': Subject to Part (d)(i)(5)(D)(Continuing {{euaprov|Suspension Event}}) below, upon the {{euaprov|Suspension Event}} ceasing to exist, both parties will be required to resume full performance of their obligations under this Agreement in respect of the relevant {{euaprov|EU Emissions Allowance Transaction}} (including, for the avoidance of doubt, any suspended obligations) as soon as possible but no later than the day that is the earlier of: (i) the tenth {{euaprov|Delivery Business Day}} following the date on which the {{euaprov|Suspension Event}} ceases to exist; and (ii) 3 {{euaprov|Delivery Business Day}}s prior to the {{euaprov|End of Phase Reconciliation Deadline}} (the “{{euaprov|Delayed Delivery Date}}”).
 :In the event that the {{euaprov|Allowances to be Delivered}} are delivered to {{euaprov|Receiving Party}} on or before the {{euaprov|Delayed Delivery Date}} following the occurrence of a {{euaprov|Suspension Event}} as contemplated by Part (d)(i)(5)(B)(Effect of a {{euaprov|Suspension Event}}) above, {{euaprov|Receiving Party}} agrees to pay {{euaprov|Delivering Party}} on the {{euaprov|Delayed Payment Date}}: