Collateral incident. 1. A collateral incident occurs in the following cases: (a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 considering the amount and the validity of the collaterals; or (b) the collaterals are not renewed in accordance with Article 22 paragraph 2; or (c) the collaterals are not restored after a payment incident in accordance with Article 26 or new collateral was provided that is not compliant with the conditions specified in Article 19(3), Article 20 and Article 21. 2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 and Article 72.
Appears in 12 contracts
Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 53 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 59 and Article 7260.
Appears in 9 contracts
Samples: Capacity Allocation Agreement, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 52 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 58 and Article 7259.
Appears in 8 contracts
Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 49 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed maintained in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by emailelectronic means as specified by the Allocation Platform on its website. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 55 and Article 7256.
Appears in 7 contracts
Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Shadow Allocation Rules, Shadow Allocation Rules
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 53 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed maintained in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 59 and Article 7260.
Appears in 5 contracts
Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 66 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 or new collateral was provided that is not compliant with the conditions specified in Article Articles 19(3), Article 20 and Article 21.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 72 and Article 7273.
Appears in 5 contracts
Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 53 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 and Article 72.may
Appears in 4 contracts
Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 48 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 58 and Article 7259.
Appears in 3 contracts
Samples: Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 21.
219. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 51 and Article 7252.
Appears in 3 contracts
Samples: Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation, Allocation Rules for Intraday Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Intraday Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 51 and Article 7252.
Appears in 3 contracts
Samples: Interconnector Access Rules for Intraday Capacity Allocation, Interconnector Access Rules for Intraday Capacity Allocation, Access Rules for Intraday Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 52 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by emailelectronic means as specified by the Allocation Platform on its website. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 58 and Article 7259.
Appears in 2 contracts
Samples: Rules for Daily Capacity Allocation on Swiss Borders, Rules for Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 53 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by emailelectronic means as specified by the Allocation Platform on its website. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 59 and Article 7260.
Appears in 2 contracts
Samples: Capacity Allocation Rules, Capacity Allocation Rules
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 44 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 21.
219. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 50 and Article 7251.
Appears in 1 contract
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 48 52 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 58 and Article 7259.
Appears in 1 contract
Samples: Rules for Daily Capacity Allocation
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 51 and Article 7252.
Appears in 1 contract
Collateral incident. β
1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 21.
219. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 51 and Article 7252.
Appears in 1 contract
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) a. the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 considering the amount and the validity of the collaterals; or
(b) b. the collaterals are not renewed in accordance with Article 22 paragraph 2; or
(c) c. the collaterals are not restored after a payment incident in accordance with Article 26 or new collateral was provided that is not compliant with the conditions specified in Article 19(3), Article 20 and Article 21.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by emailelectronic means as specified by the Allocation Platform on its website. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 and Article 72.
Appears in 1 contract
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 21.
219. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Articles Article 71 and Article 7251 andArticle 52.
Appears in 1 contract
Collateral incident. 1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 45 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 21.
219. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by emailelectronic means as specified by the Allocation Platform on its websiteemail. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the provided collaterals provided by the Registered Participant remains remain insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 51 and Article 7252.
Appears in 1 contract
Collateral incident. β
1. A collateral incident occurs in the following cases:
(a) the collaterals are insufficient to secure the amount due for the Long Term Daily Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 65 53 considering the amount and the validity of the collaterals; or
(b) the collaterals are not renewed in accordance with Article 22 20 paragraph 2; or
(c) the collaterals are not restored after a payment incident in accordance with Article 26 24 or new collateral was provided that is not compliant with the conditions specified in Article 19(3Articles 17(3), Article 20 18 and Article 2119.
2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email. The Registered Participant shall increase its collaterals within two (2) Working Days from sending of the notification if this is done during Working Hours or two (2) Working Days starting from the next Working Day if sent after Working Hours. If the collaterals provided by the Registered Participant remains insufficient after this period, the Allocation Platform may suspend or terminate the Participation Agreement in accordance with Article 71 Articles 59 and Article 7260.
Appears in 1 contract
