Common use of Forced Exit / Suspension Clause in Contracts

Forced Exit / Suspension. r Without prejudice to Article 25, a Party’s rights and obligations under the Agreement may be suspended or a Party may be forced to Exit the Agreement, without any court intervention, if decided so by the MCSC in consultation with the relevant NRAs and with an effective date and duration as decided by MCSC (it being understood that the concerned Party will be able to defend its case but not take part to the vote on its Exit or suspension) in the following circumstances : ; ; Without prejudice to Article 25, the consequences of the suspension and any forced Exit shall be decided by the other Parties than the Party concerned by the suspension or forced Exit, in consultation with the relevant NRAs. The consequences will be laid down in the Exit Plan. For the avoidance of doubt dispute settlement does not affect the effectiveness of the MCSC decision. However the MCSC (it being understood that the concerned Party will not take part to the decision in this respect) may decide to suspend the decision under Article 20.3 in case of dispute settlement (Article 25).

Appears in 2 contracts

Samples: Intraday Operations Agreement, Intraday Operations Agreement

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Forced Exit / Suspension. r Without prejudice to Article 2526, a Party’s rights and obligations under the Agreement may be suspended or a Party may be forced to Exit the Agreement, without any court intervention, if decided so by the MCSC r in consultation with the relevant NRAs and with an effective date and duration as decided by MCSC (it being understood that the concerned Party will be able to defend its case but not take part to the vote on its Exit or suspension) in the following circumstances circumstances: ; ; Without prejudice to Article 2526, the consequences of the suspension and any forced Exit shall be decided by the other Parties than the Party concerned by the suspension or forced Exit, in consultation with the relevant NRAs. The consequences will be laid down in the Exit Plan. For the avoidance of doubt dispute settlement does not affect the effectiveness of the MCSC decision. However the MCSC (it being understood that the concerned Party will not take part to the decision in this respect) may decide to suspend the decision under this Article 20.3 17.3 in case of dispute settlement (Article 2526).

Appears in 1 contract

Samples: Operations Agreement

Forced Exit / Suspension. r Without prejudice to Article 2526, a Party’s rights and obligations under the Agreement may be suspended or a Party may be forced to Exit the Agreement, without any court intervention, if decided so by the MCSC in consultation with the relevant NRAs and with an effective date and duration as decided by MCSC (it being understood that the concerned Party will be able to defend its case but not take part to the vote on its Exit or suspension) in the following circumstances circumstances: ; ; r Without prejudice to Article 2526, the consequences of the suspension and any forced Exit shall be decided by the other Parties than the Party concerned by the suspension or forced Exit, in consultation with the relevant NRAs. The consequences will be laid down in the Exit Plan. For the avoidance of doubt dispute settlement does not affect the effectiveness of the MCSC decision. However the MCSC (it being understood that the concerned Party will not take part to the decision in this respect) may decide to suspend the decision under this Article 20.3 17.3 in case of dispute settlement (Article 2526).

Appears in 1 contract

Samples: Operations Agreement

Forced Exit / Suspension. r Without prejudice to Article 25, a Party’s rights and obligations under the Agreement may be suspended or a Party may be forced to Exit the Agreement, without any court intervention, if decided so by the MCSC in consultation with the relevant NRAs and with an effective date and duration as decided by MCSC (it being understood that the concerned Party will be able to defend its case but not take part to the vote on its Exit or suspension) in the following circumstances : ; ; Without prejudice to Article 25, the consequences of the suspension and any forced Exit shall be decided by the other Parties than the Party concerned by the suspension or forced Exit, in consultation with the relevant NRAs. The consequences will be laid down in the Exit Plan. For the avoidance of doubt dispute settlement does not affect the effectiveness of the MCSC decision. However the MCSC (it being understood that the concerned Party will not take part to the decision in this respect) may decide to suspend the decision under Article 20.3 in case of dispute settlement (Article 25).

Appears in 1 contract

Samples: Intraday Operations Agreement

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Forced Exit / Suspension. r Without prejudice to Article 25, a Party’s rights and obligations under the Agreement may be suspended or a Party may be forced to Exit the Agreement, without any court intervention, if decided so by the MCSC r in consultation with the relevant NRAs and with an effective date and duration as decided by MCSC (it being understood that the concerned Party will be able to defend its case but not take part to the vote on its Exit or suspension) in the following circumstances : ; ; Without prejudice to Article 25, the consequences of the suspension and any forced Exit shall be decided by the other Parties than the Party concerned by the suspension or forced Exit, in consultation with the relevant NRAs. The consequences will be laid down in the Exit Plan. For the avoidance of doubt dispute settlement does not affect the effectiveness of the MCSC decision. However the MCSC (it being understood that the concerned Party will not take part to the decision in this respect) may decide to suspend the decision under Article 20.3 20.4 in case of dispute settlement (Article 25).

Appears in 1 contract

Samples: Intraday Operations Agreement

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