Common use of Auction cancellation Clause in Contracts

Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void. 2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail. 3. An Auction cancellation may be announced in the following cases: (a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures and in the event of erroneous results due to incorrect Marginal Price calculation; in case of Swiss Northern borders the Rights Documents that have been eventually sent are not valid anymore; and (b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons. 4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants. 5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.

Auction cancellation. 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void. 2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail. 3. An Auction cancellation may be announced in the following cases: (a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures and in the event of erroneous results due to incorrect Marginal Price calculation; in case of Swiss Northern borders the Rights Documents that have been eventually sent are not valid anymore; and (b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons. 4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants. 5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.

Auction cancellation. ‌ 1. In case the Allocation Platform cancels an Auction, all Bids already submitted and any results of the respective Auction shall be deemed null and void. 2. The Allocation Platform shall inform all Registered Participants without undue delay, of the Auction cancellation by notification published in the Auction Tool or on webpage of Allocation Platform and by e-mail. 3. An Auction cancellation may be announced in the following cases: (a) before the end of the contestation period in case the Allocation Platform faces technical obstacles during the Auction process like a failure of standard processes and fallback procedures and in the event of erroneous results due to incorrect Marginal Price calculation; in case of Swiss Northern borders the Rights Documents that have been eventually sent are not valid anymore; and (b) after the end of the contestation period, in the event of erroneous results due to incorrect Marginal Price calculation or incorrect allocation of Daily Transmission Rights to Registered Participants or similar reasons. 4. In case of Auction cancellation before the contestation period elapses, no compensation shall be paid to the Registered Participants. 5. The Allocation Platform shall publish on its website, without undue delay, the reasons for the Auction cancellation.