Examples of Reporting Obligation in a sentence
The Storage Customer takes due note of the fact and agrees that RRM will archive the data which it receives in connection with the discharge of the Reporting Obligation, in accordance with the conditions stipulated by ACER for the registration of Registered Reporting Mechanisms and always for at least 12 months from the day on which the relevant data has been dispatched to ARIS in the course of discharging the Reporting Obligation.
For the purpose of reporting the data within the context of the Reporting Obligation, the Storage Service Provider is making use of the services of a third party which acts as a "Registered Reporting Mechanism" (RRM) as required by REMIT and by the Implementing Act.
For the event that an amendment to the REMIT or to the Implementing Regulation requires a change to the Reporting Obligation or to the extent, form, or time period of reporting to such a degree as to require an amendment also to this Agreement, the Parties undertake to engage in good-faith negotiations on the said amendment.
The Storage Service Provider is liable vis-a-vis the Storage Customer for the damage which the latter may incur due to a failure to discharge the Reporting Obligation in accordance with this Agreement, provided that this non-performance was a direct consequence of gross negligence or intentional conduct on the part of the Storage Service Provider or of RRM.