Framework contract. The Participation Agreement creates a framework contract between the Allocation Platform and the Registered Participant for the allocation of Transmission Rights and the option to nominate such Transmission Rights pursuant to the Allocation Rules and the IFA Access Rules. The Parties are entering into this Participation Agreement for the purposes of giving effect to and binding themselves to the Allocation Rules insofar as they relate to the IFA and the IFA Access Rules. The exercise by the Registered Participant of any right to nominate Transmission Rights allocated pursuant to the Allocation Rules and/or IFA Access Rules shall be entirely conditional on the Registered Participant providing evidence satisfactory to the Allocation Platform of: a. its accession to a Use of System Interconnector Agreement with National Grid Electricity Transmission (NGET) and the Framework Agreement established under the Connection and Use of System Code (CUSC); b. its accession to the Framework Agreement as defined in the Balancing and Settlement Code (BSC) together with full details of the Production and Consumption Interconnector BM Units registered to the Registered Participant under the BSC, and; c. its entry into an Accord de Participation with RTE. The agreements referenced at a), b) and c) above shall be collectively referred to as the “Agreements”. The Registered Participant shall immediately notify NGIC and RTE in the event that it ceases to be a party to any of the Agreements. The Registered Participant’s rights to nominate pursuant to the Allocation Rules and/or IFA Access Rules shall immediately cease to apply from the date of such notice.
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