Common use of Process of the return Clause in Contracts

Process of the return. 1. Long Term Transmission Right holder(s) wishing to return their Long Term Transmission Rights shall send a notification, directly via the Auction Tool to the Allocation Platform in line with the corresponding Information System Rules no later than the deadline specified in the provisional Auction Specification for the subsequent Auction to which the Long Term Transmission Right is to be returned. 2. A valid notification of the return pursuant to paragraph 1 of this Article shall contain the following information: (a) EIC code of the Long Term Transmission Right holder; (b) identity of the subsequent Auction to which the Long Term Transmission Right is returned; and (c) the volume of the Long Term Transmission Rights for return. 3. In order to be able to return Long Term Transmission Rights the Registered Participant shall: (a) have a valid and effective Participation Agreement with the Allocation Platform;