Common use of Pooling Agreement Clause in Contracts

Pooling Agreement. (A= name and details (BRP Contract references of the Balance Responsible Party) of all the Balance Responsible Parties forming a pool, hereinafter referred to as the ‘Pooling Parties’) **** (B = name and details of the Balance Responsible Party who will be the Head of the Pool) *** (start date of the pool) *** (end date of the pool (if defined)) Declaration of all the Pooling Parties: We, the undersigned Balance Responsible Parties, hereby declare to Xxxx that we will abide by the terms of our respective Balance Responsible Party Contracts and, notwithstanding said pooling, will fulfil all of our obligations, as agreed with Xxxx, as set out in the aforementioned BRP contracts. Regardless of any existing arrangements, contracts, agreements or any other form or circumstance that we, the Pooling Parties, may have between ourselves, we will at all times during our respective Balance Responsible Party Contracts give priority to our obligations as per the aforementioned Balance Responsible Party Contracts. Xxxx is hereby expressly entitled to benefit from all the stipulations or agreements provided, directly or indirectly, herein and may act, if and when necessary, in relation to any of the Pooling Parties mentioned herein. All of the Pooling Parties mentioned above are bound to Xxxx for their respective obligations to Xxxx pursuant to their respective Balance Responsible Party Contracts. To avoid any ambiguity, each of the Pooling Parties waives the benefit of discussion and division with regard to Xxxx. **** Date of notification to Xxxx. **** Signature by the authorised persons of each Pooling Party.

Appears in 2 contracts

Samples: www.elia.be, www.elia.be

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Pooling Agreement. (A= name and details (BRP Contract references of the Balance Responsible Party) of all the Balance Responsible Parties forming a pool, hereinafter referred to as the 'Pooling Parties') **** (B = name and details of the Balance Responsible Party who will be the Head of the Pool) *** (start date of the pool) *** (end date of the pool (if defined)) Declaration of all the Pooling Parties: We, the undersigned Balance Responsible Parties, hereby declare to Xxxx that we will abide by the terms of our respective Balance Responsible Party Contracts and, notwithstanding said pooling, will fulfil all of our obligations, as agreed with Xxxx, as set out in the aforementioned BRP contracts. Regardless of any existing arrangements, contracts, agreements or any other form or circumstance that we, the Pooling Parties, may have between ourselves, we will at all times during our respective Balance Responsible Party Contracts give priority to our obligations as per the aforementioned Balance Responsible Party Contracts. Xxxx is hereby expressly entitled to benefit from all the stipulations or agreements provided, directly or indirectly, herein and may act, if and when necessary, in relation to any of the Pooling Parties mentioned herein. All of the Pooling Parties mentioned above are bound to Xxxx for their respective obligations to Xxxx pursuant to their respective Balance Responsible Party Contracts. To avoid any ambiguity, each of the Pooling Parties waives the benefit of discussion and division with regard to Xxxx. **** Date of notification to Xxxx. **** Signature by the authorised persons of each Pooling Party.

Appears in 1 contract

Samples: www.elia.be

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Pooling Agreement. (A= A = name and details (BRP Contract contract references of the Balance Access Responsible Party) for all of all the Balance Access Responsible Parties forming a pool, hereinafter referred to hereinafter as the Pooling Parties) **** (B = name and details of the Balance Access Responsible Party who will be the Head of the Pool) *** (start date of the pool) *** (end date of the pool (if defined)) Declaration of all the Pooling Parties: We, the undersigned Balance Access Responsible Parties, hereby declare to Xxxx that we will abide by the terms of our respective Balance Access Responsible Party Contracts and, notwithstanding the said pooling, will carry out and fulfil all of our obligations, as agreed with Xxxx, as set out in the aforementioned BRP contracts. Regardless of any existing arrangements, contracts, agreements or any other form or circumstance that we, the Pooling Parties, may have between ourselves, we will at all times during our respective Balance Access Responsible Party Contracts give priority to our obligations as per the aforementioned Balance Access Responsible Party Contracts. Xxxx is hereby expressly entitled to benefit from all the stipulations or agreements provided, directly or indirectly, herein and may act, if and when necessary, in relation to any of the Pooling Parties mentioned herein. All of the Pooling Parties mentioned above are bound to Xxxx for their respective obligations to Xxxx pursuant to their respective Balance Access Responsible Party Contracts. To avoid any ambiguity, each of the Pooling Parties waives the benefit of discussion and division with regard to Xxxx. **** Date of notification to Xxxx. **** Signature by the authorised persons of each Pooling Party.

Appears in 1 contract

Samples: www.elia.be

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