Final Undertakings definition
Examples of Final Undertakings in a sentence
The Monitoring Trustee is required to comply with such reporting obligations as may be specified in the Monitoring Trustee’s mandate and with the requirements of paragraph 8.10 of the Final Undertakings.
The CMA Final Undertakings clearly state the obligations on the six largest suppliers to address the consumer detriment it identified through its investigation regarding how gas tariff codes and GTPs are allocated.
Our comments on the proposed CP 17/382 legal text raised a concern that an existing SPAA provision (paragraph 2.17.3) defeats the incorporation of the Final Undertakings by prohibiting new entrants (suppliers with less than 50,000 meter points) from having their own tariff codes or GTPs. This could adversely affect supplier competition and frustrate implementation of the Undertakings in the SPAA.
The Monitoring Trustee must neither have nor become exposed to a conflict of interest that impairs the Monitoring Trustee’s objectivity and independence in discharging his duties under these Final Undertakings, unless it can be resolved in a manner and within a time frame acceptable to the CMA.
The variation, release or supersession of these Final Undertakings shall not affect the validity and enforceability of any rights or obligations that arose prior to such variation, release or supersession.
A fairer allocation of tariff codes and GTPs will result from implementing the Final Undertakings obligations within the SPAA.
The reports will include an update on the progress that has been made against the Approved Timetable and, with the consent of the CMA, such reports may be provided through the Monitoring Trustee in accordance with paragraph 8.10 of these Final Undertakings.