Common use of FLOW OF INFORMATION Clause in Contracts

FLOW OF INFORMATION. 1. Each month, MFGT shall send a statement to the System User on the Express Services used in the relevant month, on the sum of services purchased against it and on the current balance of the Budget Limit regarding the relevant storage year, for the last day of the calendar month as the reporting date. 2. Throughout the term of this contract, MFGT shall inform the System User using a balance statement format with regard to the extent of the unspent Budget Limit for the reporting dates of 31.03, following the storage years. 3. Parties shall ensure that besides the regular contacts specified in this Contract, they shall notify each other of all incidents which may have an effect on their cooperation, and facilitate smooth communication via consultation opportunities and proper dataflow. 4. Information and data flow between the Parties shall be governed by the Grid Code and the ÁSZF. 1. Throughout the term of this contract, System User shall pay HUF + VAT Service Fee for the Budget Limit total of HUF + VAT. 2. The annual Budget Limit set forth in the Preamble – that is the Service Fee payable in the relevant storage year for using Express Services shall be the following per storage year: Storage Year Budget Limit (HUF) + VAT 3. The Service Fee shall be paid per storage year in one instalment until 03.31 preceding the relevant storage year. 4. Prior to each storage year, MFGT shall issue a periodic settlement invoice for the period until the end of the storage year. 5. Throughout the duration of the contract, MFGT shall issue an accounting document on the actual monthly service use, thus specifying the still available budget limit pursuant to Section IV.1 and IV.2 herein. 6. In case of using Daily Peak Plus, Storage Plus, Intraday Nomination Plus and Interruptible Injection and Withdrawal Capacity services, the consideration for such services shall be deducted from the System User’s Budget Limit until it is spent in full. System User shall be entitled to use the Express Services as per Annex No. 1 up to the Budget Limit. 7. MFGT undertakes that the scope and the specified unit fees of the Express Services shall not be modified during the term of this contract.

Appears in 1 contract

Samples: Contract on Using Express Services for Several Storage Years

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FLOW OF INFORMATION. 1. Each month, MFGT shall send a statement to the System User on the Express Services used in the relevant month, on the sum of services purchased against it and on the current balance of the Budget Limit regarding the relevant storage yearLimit, each month, for the last day of the calendar month as the reporting date. 2. Throughout Following the term of this contractstorage year 202x/202x, MFGT shall inform the System User using a balance statement format with regard to the extent of the unspent Budget Limit for the reporting dates date of 31.03, following the storage years31.03.202x. 3. Parties shall ensure that besides the regular contacts specified in this Contract, they shall notify each other of all incidents which may have an effect on their cooperation, and facilitate smooth communication via consultation opportunities and proper dataflow. 4. Information and data flow between the Parties shall be governed by the Grid Code and the ÁSZF. 1. Throughout The Budget Limit specified in I.1.a) – that is the term of this contract, System User shall pay HUF + VAT Service Fee payable for the Budget Limit total of using Express Services – shall be: HUF ................ + VAT, that is forints + VAT. 2. The annual Budget Limit set forth in the Preamble – that is the Service Fee payable in the relevant for storage year for using Express Services 202x/202x shall be the following per storage year: Storage Year Budget Limit (HUF) + VATpayable until 31 March 202x. 3. The Service Fee shall be paid per storage year in one instalment until 03.31 preceding Upon the relevant storage year. 4. Prior to each storage yearconclusion of the “Express Service” contract, MFGT shall issue issues a periodic settlement invoice for the period until the end of the storage yearperiod. 54. Throughout the duration of the contract, MFGT shall issue an accounting document on the actual monthly service use, thus specifying the still available budget limit pursuant to Section IV.1 and IV.2 herein. 65. In case of using Daily Peak Plus, Storage Plus, Intraday Nomination Plus and Interruptible Injection and Withdrawal Capacity services, the consideration for such services shall be deducted from the System User’s Budget Limit until it is spent in full. System User shall be entitled to use the Express Services as per pursuant to Annex No. 1 up to the Budget Limit. 76. MFGT undertakes that the scope and the specified unit fees of the Express Services and the unit prices included shall not be modified during the term of this contract.

Appears in 1 contract

Samples: Contract on Using Express Services for 1 Storage Year

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