Common use of Effect of Neutrality Auditor's report Clause in Contracts

Effect of Neutrality Auditor's report. 9.3.1 Where the report of the Neutrality Auditor contains a recommendation to the effect that the provisions of the Code as to the calculation of Neutrality Charges and Relevant Incentive Charges would be materially better implemented by a change in the procedures and controls adopted by National Gas Transmission for such calculation, National Gas Transmission will take all reasonable steps to comply with such recommendations, unless the Authority shall upon the application of National Gas Transmission give Condition A11(18) Approval to its not doing so. 9.3.2 Nothing in the report of the Neutrality Auditor shall entitle any User or National Gas Transmission to require any recalculation of, or to any adjustment in respect of, or to withhold payment or require repayment of, any Neutrality Charges and Relevant Incentive Charges, nor give rise to any liability of National Gas Transmission to any User in respect thereof.

Appears in 5 contracts

Samples: Ancillary Agreement, Ancillary Agreement, Ancillary Agreement

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