Process of the transfer. 1. The transferor shall send a notification directly via the Auction Tool with the following information: (a) the EIC codes of the transferor and transferee; (b) the time period of the transfer including the start and end dates and hours; and (c) the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour. 2. The notification of the transfer shall be delivered to the Allocation Platform no later than at 12:00 p.m. on the second (2nd) day preceding the day of delivery. 3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled: (a) the transferor and transferee have a valid and effective Participation Agreement with the Allocation Platform at least for transfer of Long Term Transmission Rights; (b) the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer; (c) the transferor has fulfilled or, if applicable, secured its financial obligations concerning relevant Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and (d) the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article. 4. The Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Allocation Platform shall inform the transferee about the notification of the transfer. 5. In the event that the acknowledgement is not sent by the Allocation Platform, the concerned notification shall be deemed not to have been submitted. 6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Allocation Platform and no later than at 12:00
Appears in 5 contracts
Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation
Process of the transfer. 1. The transferor shall send a notification directly of the transfer to the Allocation Platform via the Auction Tool with the following information:
(a) the EIC codes of the transferor and transferee;
(b) the time period of the transfer including the start and end dates and hours; and
(c) the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour.
2. The notification of the transfer shall be delivered to the Allocation Platform no later than at 12:00 p.m. on the second (2nd) day preceding the day of delivery.
3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled:
(a) the transferor and transferee have a valid and effective Participation Agreement with the Allocation Platform at least for transfer of Long Term Transmission Rights;
(b) the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer;
(c) the transferor has fulfilled or, if applicable, or secured its financial obligations concerning relevant Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and
(d) the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article.
4. The Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Allocation Platform shall inform the transferee about the notification of the transfer.
5. In the event that the acknowledgement is not sent by the Allocation Platform, the concerned notification shall be deemed not to have been submitted.
6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Allocation Platform and no later than at 12:0012:00 p.m. the second (2nd) day preceding the day of delivery
7. In the event that the transferee does not confirm the transfer by the deadline pursuant to paragraph 6, the Allocation Platform shall automatically cancel the process of the transfer notification.
8. The Allocation Platform shall then issue without undue delay to the transferor and the transferee a second acknowledgement via the Auction Tool stating either:
(a) that the transfer notification has been accepted and is effective; or
(b) that the transfer notification has been rejected including the reason(s).
9. If for any technical reason the acknowledgement is not sent by the Allocation Platform, the concerned transfer is deemed not to have been submitted.
10. The Transferor shall not be entitled to withdraw the transfer notification once the transferee has accepted it. The transferee may initiate another transfer to transfer the Long Term Transmission Rights further.
11. In the event of Auction Tool failure, a fallback procedure pursuant to CHAPTER 8 shall apply. If the process of the transfer notification cannot be completed in accordance with this Article due to an IT system and/or fallback procedure failure, Registered Participants shall not be entitled to claim any financial compensation from the Allocation Platform.
Appears in 3 contracts
Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation
Process of the transfer. 1. The transferor shall send a notification directly of the transfer to the Allocation Platform via the Auction Tool with the following information:
(a) the EIC codes of the transferor and transferee;
(b) the time period of the transfer including the start and end dates and hours; and
(c) the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour.
2. The notification of the transfer shall be delivered to the Allocation Platform no later than at 12:00 p.m. on the second (2nd) day preceding the day of delivery.
3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled:
(a) the transferor and transferee have a valid and effective Participation Agreement with the Allocation Platform at least for transfer of Long Term Transmission Rights;
(b) the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer;
(c) the transferor has fulfilled or, if applicable, or secured its financial obligations concerning relevant Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and
(d) the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article.
4. The Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Allocation Platform shall inform the transferee about the notification of the transfer.
5. In the event that the acknowledgement is not sent by the Allocation Platform, the concerned notification shall be deemed not to have been submitted.
6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Allocation Platform and no later than at 12:00
Appears in 2 contracts
Samples: Allocation Rules for Forward Capacity Allocation, Allocation Rules for Forward Capacity Allocation
Process of the transfer. 1. The transferor shall send a notification, directly (for the avoidance of doubt the sending of a notification directly indirectly through a third party will not be accepted) of the transfer to the Allocation Platform via the Auction Tool with the following information. :
(a) the EIC codes of the transferor and transferee;
(b) the time period of the transfer including the start and end dates and hours; and
(c) the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour.
2. The notification of the transfer shall be delivered to the Allocation Platform no later than at 12:00 p.m. on the second (2nd) day preceding the day of delivery.
3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled:
(a) the transferor and transferee have a valid and effective Participation Agreement with the Allocation Platform at least for transfer of Long Term Transmission Rights;
(b) ; the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer;
(cb) the transferor has fulfilled or, if applicable, or secured its financial obligations concerning relevant pursuant to these IFA Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and
(dc) the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article.
4. The Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Allocation Platform shall inform the transferee about the notification of the transfer.
5. In the event that the acknowledgement is not sent by the Allocation Platform, the concerned notification shall be deemed not to have been submitted.
6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Allocation Platform and no later than at 12:0012:00 p.m. the second (2nd) day preceding the day of delivery
7. In the event that the transferee does not confirm the transfer by the deadline pursuant to paragraph 6, the Allocation Platform shall automatically cancel the process of the transfer notification.
8. The Allocation Platform shall then issue without undue delay to the transferor and the transferee a second acknowledgement via the Auction Tool stating either:
(a) that the transfer notification has been accepted and is effective; or
(b) that the transfer notification has been rejected including the reason(s).
9. If for any technical reason the acknowledgement is not sent by the Allocation Platform, the concerned transfer is deemed not to have been submitted.
10. The Transferor shall not be entitled to withdraw the transfer notification once the transferee has accepted it. The transferee may initiate another transfer to transfer the Long Term Transmission Rights further.
11. In the event of Auction Tool failure, a fallback procedure pursuant to CHAPTER 8 shall apply. If the process of the transfer notification cannot be completed in accordance with this Article due to an IT system and/or fallback procedure failure, Registered Participants shall not be entitled to claim any financial compensation from the Allocation Platform.
Appears in 2 contracts
Samples: Access Rules, Access Rules
Process of the transfer. 1. The transferor shall send a notification notification, directly or indirectly through an authorised third party, of the transfer to the Allocation Platform via the Auction Tool with the following information:
(a) a. the EIC codes of the transferor and transferee;
(b) b. the time period of the transfer including the start and end dates and hours; and
(c) c. the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour.
2. The notification of the transfer shall be delivered to the Allocation Platform no later than at 12:00 p.m. 12:00p.m. on the second (2nd) day preceding the day of delivery.
3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled:
(a) a. the transferor and transferee have a valid and effective Participation Agreement with the Allocation Platform at least for transfer of Long Term Transmission Rights;
(b) ; the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer;
(c) b. the transferor has fulfilled or, if applicable, or secured its financial obligations concerning relevant Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and
(d) c. the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article.
4. The Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Allocation Platform shall inform the transferee about the notification of the transfer.
5. In the event that the acknowledgement is not sent by the Allocation Platform, the concerned notification shall be deemed not to have been submitted.
6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Allocation Platform and no later than at 12:0012:00 p.m. the second (2nd) day preceding the day of delivery.
7. In the event that the transferee does not confirm the transfer by the deadline pursuant to paragraph 6, the Allocation Platform shall automatically cancel the process of the transfer notification.
8. The Allocation Platform shall then issue without undue delay to the transferor and the transferee a second acknowledgement via the Auction Tool stating either:
a. that the transfer notification has been accepted and is effective; or
b. that the transfer notification has been rejected including the reason(s).
9. If for any technical reason the acknowledgement is not sent by the Allocation Platform, the concerned transfer is deemed not to have been submitted.
10. The Transferor shall not be entitled to withdraw the transfer notification once the transferee has accepted it. The transferee may initiate another transfer to transfer the Long Term Transmission Rights further.
11. In the event of Auction Tool failure, a fallback procedure pursuant to CHAPTER 8 shall apply. If the process of the transfer notification cannot be completed in accordance with this Article due to an IT system and/or fallback procedure failure, Registered Participants shall not be entitled to claim any financial compensation from the Allocation Platform.
Appears in 1 contract
Process of the transfer. 1. The transferor shall send a notification notification, directly or indirectly through an authorised third party, of the transfer to the Single Allocation Platform via the Auction Tool with the following information:
(a) the EIC codes of the transferor and transferee;
(b) the time period of the transfer including the start and end dates and hours; and
(c) the volume (MW) of the transferred Long Term Transmission Right in whole MW(s) defined per hour.
2. The notification of the transfer shall be delivered to the Single Allocation Platform no later than at 12:00 p.m. on the second (2nd) day preceding the day of delivery.
3. In order to be able to transfer the Long Term Transmission Rights the following requirements shall be fulfilled:
(a) the transferor and transferee have a valid and effective Participation Agreement with the Single Allocation Platform at least for transfer of Long Term Transmission Rights;
(b) ; the transferor holds the concerned Long Term Transmission Rights at the time of the notification of the transfer;
(cb) the transferor has fulfilled or, if applicable, or secured its financial obligations concerning relevant Long Term Transmission Rights pursuant to this Allocation Rules regardless whether the transferor transfers all or only part of its Long Term Transmission Rights and even in the case of multiple transfers among several Registered Participants; and
(dc) the transferor has delivered the notification of the transfer before the deadline pursuant to paragraph 2 of this Article.
4. The Single Allocation Platform shall issue without undue delay an acknowledgement of receipt of the notification to the transferor. Where the notification fulfils the requirements pursuant to paragraph 3 of this Article the Single Allocation Platform shall inform the transferee about the notification of the transfer.
5. In the event that the acknowledgement is not sent by the Single Allocation Platform, the concerned notification shall be deemed not to have been submitted.
6. The notification of transfer shall be confirmed by the transferee within four (4) hours upon receiving the transfer information from the Single Allocation Platform and no later than at 12:00
Appears in 1 contract
Samples: Harmonised Allocation Rules for Long Term Transmission Rights
