Commencement of Trading. The Authorized Participant may not submit an Order prior to the effectiveness of the registration statement, or amendment to the registration statement, filed with the Securities and Exchange Commission and pursuant to which the Authorized Participant is identified as such in the Prospectus.
Commencement of Trading. The Authorized Participant may not submit an Order until five Business Days after the date of execution of the Authorized Participant Agreement (or such other date as may be designated by the Sponsor).
Commencement of Trading. The Participant may not submit an Order pursuant to this Agreement until five Business Days after effectiveness of this Agreement or a date agreed upon by the Distributor and the Participant; provided, however, that this Agreement shall be immediately effective if the execution of this Agreement supersedes another Authorized Participant Agreement among the Parties that is currently in effect.
Commencement of Trading. Notwithstanding date of signature hereof, the commencement date shall be:
Commencement of Trading. The Participant may not submit a Purchase Order or a Redemption Request pursuant to this Agreement until a date agreed upon by the Distributor and the Participant, which may be the date of this Agreement.
Commencement of Trading. The Effective Trading Date for each Authorised Area shall be the earliest date specified (and not subsequently withdrawn or varied to a later date) in any direction or variation issued by the Director pursuant to Condition 3 of the Licence held by any Second Tier Supplier in relation to the supply of electricity to any premises within that Authorised Area.
Commencement of Trading. Subject as hereinafter provided nothing in this Agreement shall exclude or limit the liability of a Party if such Party operates on a live basis and interfaces with any settlement systems except to the extent the same is required or permitted for testing purposes in any particular capacity prior to PAAP taking a decision in favour of admitting that Party in such capacity in accordance with Clause 100 (Entry Process Decisions) or, in the case of any Party which intends to trade immediately from and after the Effective Trading Date in an Authorised Area, prior to the Director making a direction pursuant to that Party's Licence. In each case such Party shall indemnify and keep indemnified each other Party, its officers, employees or agents from and against any loss or liability which any such other Party, its officers, employees or agents may suffer or incur directly as a result of such default. A Party's liability in terms of this Clause 132.3 for any event or series of related events shall not exceed one million pounds ((Pound)1,000,000). For the avoidance of doubt where a Non Qualifying Supplier interfaces with any settlement systems via a Qualifying Party the provisions of this Clause 132.3 shall not apply. 8.4 Overall Market Testing: With respect to Overall Market Testing, for the avoidance of doubt, nothing in this Clause 132 shall supersede, amend or replace the provisions of Part 3 of the Memorandum of Understanding on Testing. 8.5
Commencement of Trading. Index Receipt Agent will not accept an Order pursuant to this Agreement until five Business Days after effectiveness of this Agreement (which shall not take effect until acknowledged by the Index Receipt Agent) or such earlier date agreed upon between the Distributor and the Participant.
