Common use of COMMITMENT OF THE PARTIES Clause in Contracts

COMMITMENT OF THE PARTIES. The Storage Facility Manager undertakes to: a) declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored at the end of each Day, at the latest by the following business day; b) The Storage Facility Manager reserves the right to make this declaration via a company registered with ACER as a Registered Reporting Mechanism ("RRM"); where necessary, the Storage Facility Manager would remain responsible for providing the Storage Data Declaration Service; c) make available to the Customer on the IRIS extranet portal all data declared to ACER on his behalf as well as the data received from ACER, throughout the duration of the service; d) offer the Storage Data Declaration Service in accordance with applicable regulations and ACER’s technical specifications throughout the duration of the service; e) maintain its RRM status for the duration of the service or, in the event of cessation or suspension, inform the Customer and propose a temporary alternative solution as soon as possible; f) inform the Customer, if an interruption to the Storage Data Declaration Service occurs or if a service malfunction is detected, and do its very best to restore the service as soon as possible; g) take all necessary steps to ensure the security and reliability of IT flows and protect the confidentiality of the data provided. The Storage Facility Manager cannot be held responsible in case of: ▪ the suspension, interruption, temporary unavailability or malfunction of the Storage Data Declaration Service due to a third party action or a case of Force Majeure; ▪ the disclosure, modification, or any other data handling error following the operations performed by the Storage Facility Manager as part of the Storage Data Declaration Service. The Customer: a) authorises the Storage Facility Manager to declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored in the Storage Facility Manager’s installations at the end of each Day, at the latest by the following business day; b) is registered on the Centralised European Register of Energy Market Participants – CEREMP; c) undertakes to take all reasonable steps to check the completeness, accuracy and timely presentation of the information that he is declaring via the Storage Facility Manager; d) expressly acknowledges that: • any declarations that market participants must make at the request of the Energy Regulation Commission, by virtue of article 9.9 of the Implementing Regulation, are excluded from the Storage Data Declaration Service; • declarations made to ACER by the Storage Facility Manager as part of the Storage Data Declaration Service are subject to the provisions of article 21 of the General Terms and Conditions of the Contract relating to Parties’ confidentiality obligations.

Appears in 3 contracts

Samples: Natural Gas Storage Contract, Natural Gas Storage Contract, Natural Gas Storage Contract

AutoNDA by SimpleDocs

COMMITMENT OF THE PARTIES. The Storage Facility Manager undertakes to: a) declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored at the end of each Day, at the latest by the following business day; b) The Storage Facility Manager reserves the right to make this declaration via a company registered with ACER as a Registered Reporting Mechanism ("RRM"); where necessary, the Storage Facility Manager would remain responsible for providing the Storage Data Declaration Service; c) make available to the Customer on the IRIS extranet portal all data declared to ACER on his behalf as well as the data received from ACER, throughout the duration of the service; d) offer the Storage Data Declaration Service in accordance with applicable regulations and ACER’s technical specifications throughout the duration of the service; e) maintain its RRM status for the duration of the service or, in the event of cessation or suspension, inform the Customer and propose a temporary alternative solution as soon as possible; f) inform the Customer, if an interruption to the Storage Data Declaration Service occurs or if a service malfunction is detected, and do its very best to restore the service as soon as possible; g) take all necessary steps to ensure the security and reliability of IT flows and protect the confidentiality of the data provided. The Storage Facility Manager cannot be held responsible in case of: the suspension, interruption, temporary unavailability or malfunction of the Storage Data Declaration Service due to a third party action or a case of Force Majeure; the disclosure, modification, or any other data handling error following the operations performed by the Storage Facility Manager as part of the Storage Data Declaration Service. The Customer: a) authorises the Storage Facility Manager to declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored in the Storage Facility Manager’s installations at the end of each Day, at the latest by the following business day; b) is registered on the Centralised European Register of Energy Market Participants – CEREMP; c) undertakes to take all reasonable steps to check the completeness, accuracy and timely presentation of the information that he is declaring via the Storage Facility Manager; d) expressly acknowledges that: any declarations that market participants must make at the request of the Energy Energ y Regulation Commission, by virtue of article 9.9 of the Implementing Regulation, are excluded from the Storage Data Declaration Service; declarations made to ACER by the Storage Facility Manager as part of the Storage Data Declaration Service are subject to the provisions of article 21 of the General Terms and Conditions of the Contract relating to Parties’ confidentiality obligations.

Appears in 1 contract

Samples: Natural Gas Storage Contract

AutoNDA by SimpleDocs

COMMITMENT OF THE PARTIES. The Storage Facility Manager undertakes to: a) declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored at the end of each Day, at the latest by the following business day; b) The Storage Facility Manager reserves the right to make this declaration via a company registered with ACER as a Registered Reporting Mechanism ("RRM"); where necessary, the Storage Facility Manager would remain responsible for providing the Storage Data Declaration Service; c) make available to the Customer on the IRIS extranet portal all data declared to ACER on his behalf as well as the data received from ACER, throughout the duration of the service; d) offer the Storage Data Declaration Service in accordance with applicable regulations and ACER’s technical specifications throughout the duration of the service; e) maintain its RRM status for the duration of the service or, in the event of cessation or suspension, inform the Customer and propose a temporary alternative solution as soon as possible; f) inform the Customer, if an interruption to the Storage Data Declaration Service occurs or if a service malfunction is detected, and do its very best to restore the service as soon as possible; g) take all necessary steps to ensure the security and reliability of IT flows and protect the confidentiality of the data provided. The Storage Facility Manager cannot be held responsible in case of: the suspension, interruption, temporary unavailability or malfunction of the Storage Data Declaration Service due to a third party action or a case of Force Majeure; the disclosure, modification, or any other data handling error following the operations performed by the Storage Facility Manager as part of the Storage Data Declaration Service. The Customer: a) authorises the Storage Facility Manager to declare to ACER, on the Customer’s behalf, the Quantity of Gas that the Customer has stored in the Storage Facility Manager’s installations at the end of each Day, at the latest by the following business day; b) is registered on the Centralised European Register of Energy Market Participants – CEREMP; c) undertakes to take all reasonable steps to check the completeness, accuracy and timely presentation of the information that he is declaring via the Storage Facility Manager; d) expressly acknowledges that: any declarations that market participants must make at the request of the Energy Regulation Commission, by virtue of article 9.9 of the Implementing Regulation, are excluded from the Storage Data Declaration Service; declarations made to ACER by the Storage Facility Manager as part of the Storage Data Declaration Service are subject to the provisions of article 21 of the General Terms and Conditions of the Contract relating to Parties’ confidentiality obligations.

Appears in 1 contract

Samples: Natural Gas Storage Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!