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. For the avoidance of doubt the sending of a notification indirectly through a third party will not be accepted. 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; (b) hold the relevant Long Term Transmission Rights at the time of the notification of the return; (c) send the notification before the deadline pursuant to paragraph 1 of this Article; and (d) fulfil or secure its financial obligations pursuant to these IFA Long Term Allocation Rules. 4. If the requirements set forth in paragraph 3 of this Article are fulfilled, the Allocation Platform shall send without undue delay a notification to the Registered Participant via the Auction Tool containing: (a) a message confirming the acceptance of the return subject to paragraph 7 of this Article; or (b) a message rejecting the return including the reasons for rejection subject to paragraph 7. 5. If the return is accepted, the Allocation Platform shall decrease the total volume of the Long Term Transmission Rights held by the respective Long Term Transmission Right holder by the amount returned. 6. Long Term Transmission Right holder(s) wishing to modify their return as notified in accordance with paragraphs 1 and 2 of this Article, shall send a notification via the Auction Tool with the adjusted volume of the Long Term Transmission Rights to be returned before the deadline for return of Long Term Transmission Rights pursuant to paragraph 1 expires. Where the volume of the Long Term Transmission Rights to be returned is adjusted to zero (0) MW, the related return shall be deemed as cancelled. 7. If the Allocation Platform is unable to register a return as set forth in this Chapter, the Allocation Platform may apply a fallback procedure for data exchange pursuant to Article 53. If no fallback procedure for return is technically possible, no financial compensation may be claimed by the Registered Participants.

Process of the return. 1. Long Term Transmission Right holder(s) wishing to return their Long Term Transmission Rights shall send a notification, directly or indirectly through an authorised third party, 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. For the avoidance of doubt the sending of a notification indirectly through a third party will not be accepted. 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; (b) hold the relevant Long Term Transmission Rights at the time of the notification of the return; (c) send the notification before the deadline pursuant to paragraph 1 of this Article; and (d) fulfil or secure its financial obligations pursuant to these IFA Long Term Allocation Rules. 4. If the requirements set forth in paragraph 3 of this Article are fulfilled, the Allocation Platform shall send without undue delay a notification to the Registered Participant via the Auction Tool containing: (a) a message confirming the acceptance of the return subject to paragraph 7 of this Article; or (b) a message rejecting the return including the reasons for rejection subject to paragraph 7. 5. If the return is accepted, the Allocation Platform shall decrease the total volume of the Long Term Transmission Rights held by the respective Long Term Transmission Right holder by the amount returned. 6. Long Term Transmission Right holder(s) wishing to modify their return as notified in accordance with paragraphs 1 and 2 of this Article, shall send a notification via the Auction Tool with the adjusted volume of the Long Term Transmission Rights to be returned before the deadline for return of Long Term Transmission Rights pursuant to paragraph 1 expires. Where the volume of the Long Term Transmission Rights to be returned is adjusted to zero (0) MW, the related return shall be deemed as cancelled. 7. If the Allocation Platform is unable to register a return as set forth in this Chapter, the Allocation Platform may apply a fallback procedure for data exchange pursuant to Article 53. If no fallback procedure for return is technically possible, no financial compensation may be claimed by the Registered Participants.

Process of the return. 1. Long Term Transmission Right holder(s) wishing to return their Long Term Transmission Rights shall send a notification, directly notification 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. For the avoidance of doubt the sending of a notification indirectly through a third party will not be accepted. 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; (b) hold the relevant Long Term Transmission Rights at the time of the notification of the return; (c) send the notification before the deadline pursuant to paragraph 1 of this Article; and (d) fulfil or secure its financial obligations pursuant to these IFA Long Term Allocation RulesRules . 4. If the requirements set forth in paragraph 3 of this Article are fulfilled, the Allocation Platform shall send without undue delay a notification to the Registered Participant via the Auction Tool containing: (a) a message confirming the acceptance of the return subject to paragraph 7 of this Article; or (b) a message rejecting the return including the reasons for rejection subject to paragraph 7. 5. If the return is accepted, the Allocation Platform shall decrease the total volume of the Long Term Transmission Rights held by the respective Long Term Transmission Right holder by the amount returned. 6. Long Term Transmission Right holder(s) wishing to modify their return as notified in accordance with paragraphs 1 and 2 of this Article, shall send a notification via the Auction Tool with the adjusted volume of the Long Term Transmission Rights to be returned before the deadline for return of Long Term Transmission Rights pursuant to paragraph 1 expires. Where the volume of the Long Term Transmission Rights to be returned is adjusted to zero (0) MW, the related return shall be deemed as cancelled. 7. If the Allocation Platform is unable to register a return as set forth in this Chapter, the Allocation Platform may apply a fallback procedure for data exchange pursuant to Article 53. If no fallback procedure for return is technically possible, no financial compensation may be claimed by the Registered Participants.