Common use of OF THE PARTIES Clause in Contracts

OF THE PARTIES. 3.1 The New Party acknowledges that the Original Parties became bound by the Retail Energy Code pursuant to the Original Accession Agreements, and that each such Original Party is a Party for the purposes of clause 2 above (and otherwise). 3.2 The New Party acknowledges that it has agreed a mechanism (set out in the Retail Energy Code) by which New Parties other than itself may have (or may in the future) become bound by the Retail Energy Code, each of whom is (or will then become) a Party for the purposes of clause 2 above (and otherwise). 3.3 The New Party acknowledges that it has agreed a mechanism (set out in the Retail Energy Code) by which it may cease to be bound by the Retail Energy Code, from which time it will (subject to the saving provisions set out in the Retail Energy Code) cease to be obliged to comply with the Retail Energy Code. 3.4 The New Party acknowledges that it has agreed a mechanism (set out in the Retail Energy Code) by which other Parties may cease to be bound by the Retail Energy Code, from which time such other Parties will (subject to the saving provisions set out in the Retail Energy Code) cease to be a Party for the purposes of clause 2 above (and otherwise).