Common use of Subject Matter and Scope Clause in Contracts

Subject Matter and Scope. 1. These Allocation Rules contain the terms and conditions for the Explicit Allocation of Daily Transmission Rights on the borders specified in Annex 1, it being understood that the Registered Participant will accede to these rules by the signature of the Participation Agreement. In particular, the Allocation Rules set out the rights and obligations of Registered Participants as well as the requirements for participation in Auctions, they describe the process of Auction, including the determination of Marginal Price as a result of Auction and the processes for curtailment of Daily Transmission Rights and invoicing/payment.

Subject Matter and Scope. 1. These Allocation Rules contain the terms and conditions for the Explicit Allocation of Daily Transmission Rights on the Bidding Zone borders specified in Annex Appendix 1, it being understood that the Registered Participant will accede to these rules by the signature of the Participation Agreement. In particular, the Allocation Rules set out the rights and obligations of Registered Participants as well as the requirements for participation in Auctions, they describe the process of Auction, including the determination of Marginal Price as a result of Auction and the processes for curtailment of Daily Transmission Rights and invoicing/payment.