Common use of Collateral incident Clause in Contracts

Collateral incident. 1. A collateral incident occurs in the following cases: a. the collaterals are insufficient to secure the amount due for the Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 52 considering the amount and the validity of the collaterals; or b. the collaterals are not renewed in accordance with Article 20 paragraph 2; or c. the collaterals are not restored after a payment incident in accordance with Article 24 or new collateral was provided that is not compliant with the conditions specified in Articles 17(3), 18 and 19. 2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by electronic 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 Articles 58 and 59.

Collateral incident. 1. A collateral incident occurs in the following cases: a. (a) the collaterals are insufficient to secure the amount due for the Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 52 considering the amount and the validity of the collaterals; or b. (b) the collaterals are not renewed in accordance with Article 20 paragraph 2; or c. (c) the collaterals are not restored after a payment incident in accordance with Article 24 or new collateral was provided that is not compliant with the conditions specified in Articles 17(3), 18 and 19. 2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email electronic 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 Articles 58 and 59.

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 52 65 considering the amount and the validity of the collaterals; or b. (b) the collaterals are not renewed in accordance with Article 20 22 paragraph 2; or c. (c) the collaterals are not restored after a payment incident in accordance with Article 24 26 or new collateral was provided that is not compliant with the conditions specified in Articles 17(3Article 19(3), 18 Article 20 and 19Article 21. 2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by email electronic 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 Articles 58 Article 71 and 59Article 72.

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 52 65 considering the amount and the validity of the collaterals; or b. the collaterals are not renewed in accordance with Article 20 22 paragraph 2; or c. the collaterals are not restored after a payment incident in accordance with Article 24 26 or new collateral was provided that is not compliant with the conditions specified in Articles 17(3Article 19(3), 18 Article 20 and 19Article 21. 2. The Allocation Platform shall notify the collaterals incident to the Registered Participant by electronic 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 Articles 58 Article 71 and 59Article 72.

Collateral incident. 1. A collateral incident occurs in the following cases: a. (a) the collaterals are insufficient to secure the amount due for the Transmission Rights held by a Registered Participant on the next payment date as set forth in Article 52 45 considering the amount and the validity of the collaterals; or b. (b) the collaterals are not renewed in accordance with Article 20 paragraph 2; or c. (c) the collaterals are not restored after a payment incident in accordance with Article 24 or new collateral was provided that is not compliant with the conditions specified in Articles 17(3), 18 and 19. 2. The Allocation Platform shall notify the collaterals collateral incident to the Registered Participant by electronic means as specified by the Allocation Platform on its websitewebsiteemail. 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 58 Article 51 and 59Article 52.