Common use of Resuming access Clause in Contracts

Resuming access. (a) Except in circumstances where the Operator has issued a termination notice under clause 20.4, the Operator must permit a Member to resume access to and use of the Trading System as soon as reasonably practicable after the Operator is reasonably satisfied that: (i) the circumstances giving rise to the Trading Halt no longer apply; or (ii) the circumstances, acts or omissions giving rise to the Trading Halt do not warrant continued suspension, and the Member has made reasonable arrangements to ensure that similar circumstances, acts or omissions will not reoccur. (b) The Operator must notify the Member of the date and time at which a Trading Halt ends. (c) The Operator may, in accordance with the Settlements and Prudential Methodology, recalculate the Prudential Exposure of a Trading Participant at the commencement of a Trading Halt.

Appears in 9 contracts

Samples: Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement, Gas Supply Hub Exchange Agreement

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Resuming access. (a) Except in circumstances where the Operator has issued a termination notice under clause 20.4, the Operator must permit a Member to resume access to and use of the Trading System as soon as reasonably practicable after the Operator is reasonably satisfied that: (i) : the circumstances giving rise to the Trading Halt no longer apply; or (ii) or the circumstances, acts or omissions giving rise to the Trading Halt do not warrant continued suspension, and the Member has made reasonable arrangements to ensure that similar circumstances, acts or omissions will not reoccur. (b) . The Operator must notify the Member of the date and time at which a Trading Halt ends. (c) . The Operator may, in accordance with the Settlements and Prudential Methodology, recalculate the Prudential Exposure of a Trading Participant at the commencement of a Trading Halt.

Appears in 1 contract

Samples: Gas Supply Hub Exchange Agreement

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