A RULES FOR THE TRANSFER OF OBLIGATION Sample Clauses

A RULES FOR THE TRANSFER OF OBLIGATION. The BSP and the Counterpart BSP hold a BSP Contract aFRR valid for the date of the performance of the concerned aFRR Obligation; • aFRR Obligation can be taken over by a Counterpart BSP even if his quantity of aFRR Awarded is 0 (zero) for the concerned CCTU; • Transfer of Obligation is applicable in day-ahead or in intraday and is performed per aFRR Capacity Product; • The BSP can have multiple exchanges with different Counterpart BSPs, and vice-versa; • The BSP and the Counterpart BSP arrange between themselves how, when and at what price the aFRR Obligation is taken over.
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A RULES FOR THE TRANSFER OF OBLIGATION. The following rules have to be respected by the BSP and/or the Counterpart BSP in the framework of a Transfer of Obligation: • The BSP and the Counterpart BSP hold a BSP Contract aFRR valid up to the date of the performance of the concerned aFRR Obligation transferred; • The aFRR Obligation can be taken over by a Counterpart BSP even if its quantity of aFRR Awarded is 0 (zero) for the concerned CCTU; • The Transfer of Obligation is applicable in day-ahead or in intraday and is performed per aFRR Capacity Product; • The BSP can have multiple exchanges with different Counterpart BSPs, and vice-versa; • The BSP and the Counterpart BSP arrange between themselves how, when and at what price the aFRR Obligation is taken over; • A Transfer of Obligation can be initiated by a BSP (respectively a Counterpart BSP) as of the award of the concerned capacity auction and until 30 minutes before the beginning of the first quarter- hour for which the Transfer of Obligation applies; • The Counterpart BSP (respectively the BSP) must accept the Transfer of Obligation at the latest 30 minutes before the beginning of the first quarter-hour for which the Transfer of Obligation applies; • The updated aFRR Obligation (i.e. after Transfer of Obligation) must be in respect of applicable aFRRmax,up or aFRRmax,down;
A RULES FOR THE TRANSFER OF OBLIGATION.  The BSP and the Counterpart BSP hold a valid BSP Contract FCR to the date of the performance of the concerned FCR Obligation.;  FCR Obligation can be taken over by a Counterpart BSP even if his quantity of FCR Awarded is 0 (zero) for the concerned CCTU.;  Transfer of Obligation is applicable in day-ahead or in intraday.;  The BSP can have multiple exchanges with different Counterparts BSP, and vice-versa.;  The BSP and the Counterpart BSP arrange between themselves how, when and at what price the FCR Obligation is taken over.

Related to A RULES FOR THE TRANSFER OF OBLIGATION

  • Delegation of Obligations The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the Issuer and the Servicer.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

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