Common use of Framework contract Clause in Contracts

Framework contract. The Nomination Participation Agreement creates a framework contract between the Nomination Platform Operators and the Registered Participant for nomination of PTRs pursuant to the Long Term Nomination Rules and/or the Day Ahead and Intraday Nomination Rules, which constitute an integral part of this framework contract and therefore are the contractual basis for the nomination of PTRs. The exercise by the Registered Participant of any right to Nominate Transmission Rights allocated pursuant to the relevant Access Rules shall be entirely conditional on the Registered Participant providing evidence satisfactory to the relevant Nomination Platform Operators of its entry into an agreement with a BRP in respect of nominations. The Registered Participant hereby acknowledges and agrees that, in circumstances where it contracts with a third party BRP for nominations as described in paragraph 2. above, it will remain liable to the relevant Nomination Platform Operators under the relevant Access Rules in respect of any failure to submit accurate nominations.