Common use of Bilateral Trades Clause in Contracts

Bilateral Trades. (a) This clause 6.4 sets out the procedures by which User may, by Bilateral Trade, sell Firm Service MDQ to an Other User. (b) User may only enter into a Bilateral Trade with: (i) an Other User who is a party to an OTSA; or (ii) such Other User approved by Service Provider (which approval is not to be unreasonably withheld), a Valid Trading Party. (c) Service Provider is not required to give effect to an Operational Transfer by way of a Bilateral Trade unless Service Provider receives a joint notice of the Bilateral Trade from User and the proposed Valid Trading Party at Service Provider’s email address for Other Notices set out in this Agreement (or by such other means reasonably required by Service Provider, including lodgement on the CRS) at least 10 Business Days prior to the first Day for which the Bilateral Trade will have effect setting out: (i) the term of the Bilateral Trade; (ii) the quantity of Traded Firm MDQ to which the Bilateral Trade relates; (iii) the AEMO Zone(s) to which the Bilateral Trade relates; (iv) the Receipt Point and Delivery Point from which the quantity of Traded Firm MDQ is to be released by User; and (v) the Receipt Point and Delivery Point at which the Valid Trading Party will use that Traded Firm MDQ. (d) If Service Provider receives a notice in accordance with clause 6.4(c), Service Provider may only refuse to give effect to the relevant Bilateral Trade if: (i) Service Provider is entitled, under clause 6.6, to not give effect to that Bilateral Trade; (ii) the quantity of Traded Firm MDQ to which that Bilateral Trade relates will, for any part of the term of the Bilateral Trade, exceed User's Firm Service MDQ (assessed prior to that Bilateral Trade); or (iii) the quantity of Traded Firm MDQ to which that Bilateral Trade relates is not able to be used by the Valid Trading Party in the AEMO Zone(s) to which that Bilateral Trade relates. (e) Service Provider will notify User within 8 Business Days of receipt of a notice under clause 6.4(c) that it: (i) will give effect to the Bilateral Trade; or (ii) is refusing to give effect to the Bilateral Trade, in which case the notice will provide the reason(s) for which Service Provider is refusing to give effect to the Bilateral Trade.

Bilateral Trades. (a) This clause 6.4 7.4 sets out the procedures by which User may, by Bilateral Trade, sell Firm Service MDQ or Firm Park Service MDQ to an Other User. (b) User may only enter into a Bilateral Trade with: (i) an Other User who is a party to an OTSA; or (ii) such Other User approved by Service Provider (which approval is not to be unreasonably withheld), a Valid Trading Party. (c) Service Provider is not required to give effect to an Operational Transfer by way of a Bilateral Trade unless Service Provider receives a joint notice of the Bilateral Trade from User and the proposed Valid Trading Party at Service Provider’s email address for Other Notices set out in this Agreement (or by such other means reasonably required by Service Provider, including lodgement on the CRS) at least 10 Business Days prior to the first Day for which the Bilateral Trade will have effect setting out: (i) the term of the Bilateral Trade; (ii) the quantity of Traded Firm MDQ or Traded Firm Park MDQ to which the Bilateral Trade relates;; and (iii) in the case of a Bilateral Trade of Firm Service MDQ: (A) the AEMO Zone(s) to which the Bilateral Trade relates; (ivB) the Receipt Point and Delivery Point from which the quantity of Traded Firm MDQ is to be released by User; and (vC) the Receipt Point and Delivery Point at which the Valid Trading Party will use that Traded Firm MDQ. (d) If Service Provider receives a notice in accordance with clause 6.4(c7.4(c), Service Provider may only refuse to give effect to the relevant Bilateral Trade if: (i) Service Provider is entitled, under clause 6.67.7, to not give effect to that Bilateral Trade; (ii) the quantity of Traded Firm MDQ or Traded Firm Park MDQ to which that Bilateral Trade relates will, for any part of the term of the Bilateral Trade, exceed User's Firm Service MDQ or (as applicable) Firm Park Service MDQ (assessed prior to that Bilateral Trade); or (iii) in the case of a Bilateral Trade of Firm Service MDQ, the quantity of Traded Firm MDQ to which that Bilateral Trade relates is not able to be used by the Valid Trading Party in the AEMO Zone(s) to which that Bilateral Trade relates. (e) Service Provider will notify User within 8 Business Days of receipt of a notice under clause 6.4(c7.4(a) that it: (i) will give effect to the Bilateral Trade; or (ii) is refusing to give effect to the Bilateral Trade, in which case the notice will provide the reason(s) for which Service Provider is refusing to give effect to the Bilateral Trade.