Common use of The Single Allocation Clause in Contracts

The Single Allocation. Platform shall notify the collaterals incident to the Registered Participant by electronic means as specified by the Single Allocation Platform on its website. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Single Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 and Article 72.

Appears in 3 contracts

Sources: Harmonised Allocation Rules for Long Term Transmission Rights, Harmonised Allocation Rules for Long Term Transmission Rights, Harmonised Allocation Rules for Long Term Transmission Rights