Common use of Generality Clause in Contracts

Generality. The PTR Holder who fails to settle their liabilities pertaining to allocated PTRs will be suspended from any further auctions by the Auction Operator until the aforementioned participant has set- tled all his liabilities. In order to be again allowed to participate in the next auctions, in the direction from Croatia to Slovenia, the PTR Holder is also obliged to pay the difference, if negative, between Auction Price set on the first auction at which the capacity was allocated and the Auction Price set on the fol- lowing Auctions where the capacity is once again allocated. Applicable bank fees of the sender bank including the fees of the intermediary bank (if applica- ble)will be covered by the sender. Bank fees of the receiving bank will be covered by the benefi- ciary.

Appears in 1 contract

Sources: Interconnection Capacity Access Rules

Generality. The PTR Holder who fails to settle their liabilities pertaining to allocated PTRs will be suspended from any further auctions by the Auction Operator until the aforementioned participant has set- tled all his liabilities. In order to be again allowed to participate in the next auctions, in the direction from Croatia to Slovenia, the PTR Holder is also obliged to pay the difference, if negative, between Auction Price set on the first auction at which the capacity was allocated and the Auction Price set on the fol- lowing Auctions where the capacity is once again allocated. Applicable bank fees of the sender bank including the fees of the intermediary bank (if applica- ble)will ble) will be covered by the sender. Bank fees of the receiving bank will be covered by the benefi- ciary.

Appears in 1 contract

Sources: Interconnection Capacity Access Rules