Common use of General Statement of Intended Application Clause in Contracts

General Statement of Intended Application. It is intended that this Part shall apply where there is in existence an event, or series of events which does or do not generally occur as part of normal market operating conditions and which affect(s) the operation of the market for the generation, transmission and/or supply of electricity in England and Wales and which, as a result, cause(s) or is or are likely to cause materially changed pool prices to arise and continue (a "Pool Civil Emergency"). The following conditions set out in this Part are intended to reflect the circumstances in which it is envisaged that it would likely be the case that such event or events shall have so occurred.

Appears in 4 contracts

Samples: Supplemental Agreement (Entergy London Capital Lp), Supplemental Agreement (Txu Eastern Holdongs LTD), Supplemental Agreement (Southern Investments Uk PLC)

AutoNDA by SimpleDocs

General Statement of Intended Application. It it is intended that this Part shall apply where there is in existence an event, or series of events which does or do not generally occur as part of normal market operating conditions and which affect(s) the operation of the market for the generation, transmission and/or supply of electricity in England and Wales and which, as a result, cause(s) or is or are likely to cause materially changed pool prices to arise and continue (a "Pool Civil Emergency"). The following conditions set out in this Part are intended to reflect the circumstances in which it is envisaged that it would likely be the case that such event or events shall have so occurred.

Appears in 1 contract

Samples: Supplemental Agreement (Yorkshire Power Group LTD)

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