According to Article Sample Clauses

According to Article of the proposal the methodology will be implemented after the long-term capacity calculation methodology has been implemented. The relevant Hansa CCR regulatory authorities consider that this link is not necessary and that it would lead to an unnecessary delay in the implementation of the Hansa CCR splitting rules, as long-term transmission rights are already sold today on the relevant bidding zone borders. The FCA GL requires coherence with the capacity calculation methodology but this does not necessarily mean that the splitting rules cannot be implemented earlier. The relevant Hansa CCR Regulatory Authorities thus request the Hansa CCR TSOs to amend Article 9 as follows: − The methodology shall be implemented for the first auction of yearly products after the methodology has been approved. (This will most probably be the auctions of yearly products for 2021.) The Regulatory Authorities invite TSOs to discuss how the period until full implementation of the Hansa CCM can be dealt with (e.g. in Article 2 on the definitions). The splitting rules will change the market conditions on at least a part of the Hansa CCR bidding zone borders. The relevant Hansa CCR Regulatory Authorities therefore request TSOs to add the following provision: − The proposal shall include an obligation to evaluate the working of this methodology three years after implementation at the latest. The evaluation shall at least include an analysis of whether the splitting rules meet market participants’ hedging needs. − TSOs shall share the evaluation results at the latest three years after implementation with the relevant Hansa CCR Regulatory Authorities. − If TSOs conclude that changes are necessary or desirable, they shall submit a proposal to amend the methodology to the relevant Hansa CCR Regulatory Authorities. − Articles 7 and 8 of the proposal contain reporting provisions on technical and statistical information. TSOs shall review articles 7 and 8 and consider whether they should be amended in order to deal with information used for the evaluation of the methodology and the other changes requested.
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According to Article. 4.1, ETG will first pay what is called an Initial Rent, which is basically a certain rent that ETG will pay every month for the first ten years of the original lease. After the first ten years are over, ETG will increase the monthly rent by 10% for the next ten years. After that second decade is over, ETG will increase the monthly rent by 10%—however, this is 10% of the INITIAL RENT, not of the higher rent in the second decade of the lease. This will continue until the original lease ends. 9.1 of the lease template also says that if the original lease is renewed, then the “[t]erms and conditions of such renewed lease agreement shall be consistent with [the original] Agreement but the Rent under such renewed land lease agreement shall be doubled based on the Initial Rent herein.” What this means is that if the lease is renewed, then ETG will pay double the rent for the land that it pays in the first ten years of the original lease (i.e., double the Initial Rent, as discussed above). This may sound enticing for the landowner. However, it is important to note that according to Article 9.1 of the lease template, the landowner CANNOT negotiate a new rental rate and rental payment schedule for the lease renewal period; rather, the landowner is stuck with the doubling of the rent that Article 9.1 prescribes. This means that if ETG pays the landowner, say, $300 a month for leased land during the first ten years of the original lease, then ETG will only have to pay $600 a month for the land in the lease renewal period. If ETG’s activities on the leased land generate over, let’s say, $100,000 per year after the original 99-year lease, then this doubling of the original rent is not so generous. Unfortunately, given the way Article 9.1 of the lease template is worded, the landowner cannot negotiate a higher increase than the doubling provided in Article 9.1. This needs to be emphasized: ETG’s aim in Article 9.1 is to lock in a certain low rental rate nearly 200 years in advance. How does ETG do this? Simple. When ETG negotiates the original lease agreement, ETG will try to make sure that the initial rent paid by ETG will be as low as possible. That way, when ETG triggers the automatic renewal of the lease agreement for 100 years after the original 99-year lease is up, ETG will not have to worry about the landowner demanding much, much higher rents. Instead, the landowner will be stuck with receiving no more than double the Initial Rent that ETG pays during the first d...
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According to Article. 10.2.1 of the Framework Agreement, the Closing should take place within 90 days after the signing of the Framework Agreement (prior to 23 May 2008). However, based on the mutual agreement of the Parties, the Parties agree that the Closing Date shall extend to 23 June 2008, and if necessary, may be further extended upon mutual agreement. The parties shall bear no liabilities under the Framework Agreement arising out of or from the postponement of the Closing Date under this Supplementary Agreement.
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According to Article of the Sports Act, at the latest one year after the date of signature of the Contract, otherwise it is invalid.
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Related to According to Article

  • Amendment to Article I Article I of the Existing Credit Agreement is hereby amended as follows: SECTION 2.1.1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in the appropriate alphabetical order:

  • Amendments to Article I Article I of the Existing Credit Agreement is hereby amended in accordance with Subparts 2.1.1 through 2.1. Section 1.1 of the Existing Credit Agreement is hereby amended by inserting the following definitions in such Section in the appropriate alphabetical sequence:

  • Modification to Article III, Section 2 of the DPA Article III, Section 2 of the DPA (Annual Notification of Rights.) is amended as follows:

  • Modification to Article V, Section 4 of the DPA Article V, Section 4 of the DPA (Data Breach.) is amended with the following additions: (6) For purposes of defining an unauthorized disclosure or security breach, this definition specifically includes meanings assigned by Texas law, including applicable provisions in the Texas Education Code and Texas Business and Commerce Code.

  • Modification to Article IV, Section 7 of the DPA Article IV, Section 7 of the DPA (Advertising Limitations) is amended by deleting the stricken text as follows: Provider is prohibited from using, disclosing, or selling Student Data to (a) inform, influence, or enable Targeted Advertising; or (b) develop a profile of a student, family member/guardian or group, for any purpose other than providing the Service to LEA. This section does not prohibit Provider from using Student Data (i) for adaptive learning or customized student learning (including generating personalized learning recommendations); or (ii) to make product recommendations to teachers or LEA employees; or (iii) to notify account holders about new education product updates, features, or services or from otherwise using Student Data as permitted in this DPA and its accompanying exhibits.