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Template:Nutshell EUA Annex Abandonment of Scheme: Difference between revisions
Template:Nutshell EUA Annex Abandonment of Scheme (view source)
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{{euaprov|(d)( | {{euaprov|(d)(iv)}} '''{{euaprov|Abandonment of Scheme}}''' <br> | ||
:(1) If before the {{euaprov|Delivery Date}} the {{euaprov|European Community}} officially discontinues the {{euaprov|Scheme}} either party may terminate the {{euaprov|EU Emissions Allowance Transaction}} by notice, and neither party shall have any further delivery or payment obligations under it (except for payment due relating to already-performed delivery obligations). No payments will be due under Section {{isdaprov|6(e)}} as a result. <br> | :(1) If before the {{euaprov|Delivery Date}} the {{euaprov|European Community}} officially discontinues the {{euaprov|Scheme}} either party may terminate the {{euaprov|EU Emissions Allowance Transaction}} by notice, and neither party shall have any further delivery or payment obligations under it (except for payment due relating to already-performed delivery obligations). No payments will be due under Section {{isdaprov|6(e)}} as a result. <br> | ||
:(2) Upon such a termination: | :(2) Upon such a termination: | ||