Common use of Re-runs Clause in Contracts

Re-runs. The Parties acknowledge and agree that there may be occasions following any final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) when it is necessary in respect of a Settlement Day (or part thereof) to re-determine the trades of electricity pursuant to this Agreement and the provision of Ancillary Services (whether to take account of oversight or error, malfunction of the Settlement System operation in accordance with Grid Operator Despatch instructions issued under emergency circumstances, award of an arbitrator(s) pursuant to Clause 83, court order or otherwise howsoever). The Executive Committee, in consultation with the Settlement System Administrator, the Pool Funds Administrator and the Pool Auditor and, where appropriate, the Ancillary Services Provider, shall decide how such re-determination is to be effected, the re-allocation of moneys and the period of time over which any such re-allocation is to take place, any such decision to take account and give effect, as nearly as practicable, to the principles and procedures set out in this Agreement (and, where relevant, the award of the said arbitrator(s) or court order). In particular, but without prejudice to the generality of the foregoing, the Executive Committee may require following any relevant final run of Settlement (and, shall take due notice of any request from the Ancillary Services Provider to this effect) the Settlement System Administrator to re-run, and the Settlement System Administrator shall re-run, Settlement in respect of any Settlement Day (or relevant part thereof) using the software and data originally used in respect of such Settlement Day (or relevant part thereof) but subject to such changes, amendments or additional inputs as may be required by the Executive Committee, the Ancillary Services Provider, such arbitrator(s) or court or (as the case may be) any other relevant Party. Any such re-run shall hereafter in this Clause 52 be referred to as a "Re-run".

Re-runs. The Parties acknowledge and agree that there may be occasions following any final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) when it is necessary in respect of a Settlement Day (or part thereof) to re-re- determine the trades of electricity pursuant to this Agreement and the provision of Ancillary Services (whether to take account of oversight or error, malfunction of the Settlement System operation in accordance with Grid Operator Despatch instructions issued under emergency circumstances, award aware of an arbitrator(s) pursuant to Clause 83, court order or otherwise howsoever). The Executive Committee, in consultation with the Settlement System Administrator, the Pool Funds Administrator and the Pool Auditor and, where appropriate, the Ancillary Services Provider, shall decide how such re-determination is to be effected, the re-re- allocation of moneys and the period of time over which any such re-allocation is to take place, any such decision to take account and give effect, as nearly as practicable, to the principles and procedures set out in this Agreement (and, where relevant, the award of the said arbitrator(s) or court order). In particular, but without prejudice to the generality of the foregoing, the Executive Committee committee may require following any relevant final run of Settlement (and, shall take due notice of any request from the Ancillary Services Provider to this effect) the Settlement System Administrator to re-run, and the Settlement System Administrator shall re-run, Settlement in respect of any Settlement Day (or relevant part thereof) using the software and data originally used in respect of such Settlement Day (or relevant part thereof) but subject to such changes, amendments or additional inputs as may be required by the Executive Committee, the Ancillary Services Provider, such arbitrator(s) or court or (as the case may be) any other relevant Party. Any such re-run shall hereafter in this Clause 52 be referred to as a "Re-run".

Re-runs. The the Parties acknowledge and agree that there may be occasions following any final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) when it is necessary in respect of a Settlement Day (or part thereof) to re-determine the trades of electricity pursuant to this Agreement and the provision of Ancillary Services (whether to take account of oversight or error, malfunction of the Settlement System operation in accordance with Grid Operator Despatch instructions issued under emergency circumstances, award of an arbitrator(s) pursuant to Clause 83, court order or otherwise howsoever). The Executive Committee, in consultation with the Settlement System Administrator, the Pool Funds Administrator and the Pool Auditor and, where appropriate, the Ancillary Services Provider, shall decide how such re-determination is to be effected, the re-allocation of moneys and the period of time over which any such re-allocation reallocation is to take place, any such decision to take account and give effect, as nearly as practicable, to the principles and procedures set out in this Agreement (and, where relevant, the award of the said arbitrator(s) or court order). In particular, but without prejudice to the generality of the foregoing, the Executive Committee may require following any relevant final run of Settlement (and, shall take due notice of any request from the Ancillary Services Provider to this effect) the Settlement System Administrator to re-run, and the Settlement System Administrator shall re-run, Settlement in respect of any Settlement Day (or relevant part thereof) using the software and data originally used in respect of such Settlement Day (or relevant part thereof) but subject to such changes, amendments or additional inputs as may be required by the Executive Committee, the Ancillary Services Provider, such arbitrator(s) or court or (as the case may be) any other relevant Party. Any such re-run shall hereafter in this Clause 52 be referred to as a "Re-run".

Re-runs. The Parties acknowledge and agree that there may be occasions following any final run of Settlement (as referred to in paragraph D(3) of the Preamble to Schedule 9) when it is necessary in respect of a Settlement Day (or part thereof) to re-determine the trades of electricity pursuant to this Agreement and the provision of Ancillary Services (whether to take account of oversight or error, malfunction of the Settlement System operation in accordance with Grid Operator Despatch instructions issued under emergency circumstances, award of an arbitrator(s) pursuant to Clause 83, court order or otherwise howsoever). The Executive Committee, in consultation with the Settlement System Administrator, the Pool Funds Administrator and the Pool Auditor and, where appropriate, the Ancillary Services ProviderProvider and the Grid Operator, shall decide how such re-determination is to be effected, the re-allocation of moneys and the period of time over which any such re-allocation is to take place, any such decision to take account and give effect, as nearly as practicable, to the principles and procedures set out in this Agreement (and, where relevant, the award of the said arbitrator(s) or court order). In particular, but without prejudice to the generality of the foregoing, the Executive Committee may require following any relevant final run of Settlement (and, and shall take due notice of any request from the Ancillary Services Provider or the Grid Operator to this effect) the Settlement System Administrator to re-run, and the Settlement System Administrator shall re-run, Settlement in respect of any Settlement Day (or relevant part thereof) using the software and data originally used in respect of such Settlement Day (or relevant part thereof) but subject to such changes, amendments or additional inputs as may be required by the Executive Committee, Committee (in consultation with the Ancillary Services Provider, such arbitrator(sthe Grid Operator or any other relevant party) or court or by (as the case may be) any other relevant Partysuch arbitrator(s) or court. Any such re-run shall hereafter in this Clause 52 be referred to as a "Re-run".