SUBJECT TERMS. Agreement strategies; Atomic broadcast; Fault tolerance; Replica determinism
SUBJECT TERMS. 1. Contract Structure The contract structure of the GGR Agreement will likely follow the AR5 CfD and the CCUS Programme Contracts, where each agreement comprises two instruments: (i) the front end agreement; and (ii) the standard terms and conditions. The front end agreement will be a bespoke document that contains project-specific information relating to each Developer, including pricing components, capacity, and particulars of the Facility and the Developer to which the GGR Agreement applies. The standard terms and conditions will be a set of contractual terms governing matters which will be applicable to all GGR Agreements unless otherwise specified in the front end agreement. Developers who are allocated a GGR Agreement will sign the front end agreement, which will then incorporate the standard terms and conditions.
SUBJECT TERMS. 1. Parties The parties to the GGR Agreement will be the GGR Counterparty and the Developer (each, a "Party" and together the "Parties"). The Parties intend to be legally bound by the GGR Agreement which will be a private law, commercial contract. The identity of the GGR Counterparty is to be determined, however it is anticipated that the GGR Counterparty will be a private law company appointed by DESNZ.
SUBJECT TERMS. 5.10 T&S Outage Relief Events Where an event or circumstance affecting the T&S Network prevents the Capture Plant from accessing the [full] 20 entry capacity to such network and this causes the Capture Plant to be unavailable or curtailed then, except where such limited or lack of access is due to any act, omission, breach or default of the Developer, a "T&S Outage Relief Event" will have occurred. XXXXX is currently considering the circumstances for a T&S Outage Relief Event. This includes developing the approach to 'partial outages' and its alignment with the GGR payment mechanism, having regard to the approach under the CCUS Programme Contracts. DESNZ is also considering whether a mitigation adjustment concept is appropriate to include in the GGR business model to reflect operational cost savings.
SUBJECT TERMS. The GGR Agreement may adopt the amendments made to the AR5 CfD provisions in the CCUS Programme Contracts to reflect particular carve- outs to the no cumulation of subsidy position, provided that support is not given for the same Project costs. Alternatively, the GGR Agreement may adopt amendments whereby any subsidy the Project receives under another Approved Scheme of Funding, in respect of the same Project costs, will be deducted from the GGR Agreement subsidy. DESNZ is further considering its approach to subsidy cumulation in respect of Project costs that may be eligible for subsidy under both the GGR Agreement and another subsidy scheme. This is to ensure that the GGR Agreement is compliant with relevant subsidy control rules. Subject to any such carve-outs, a breach of the subsidy cumulation warranty or a failure to comply with the subsidy cumulation undertaking will give the GGR Counterparty the right to suspend all payments under the GGR Agreement.
SUBJECT TERMS. 1. Parties The parties to the Low Carbon Hydrogen Agreement will be the Hydrogen Counterparty 1 and the Producer (each, a "Party" and together the "Parties"). The Parties intend to be legally bound by the Low Carbon Hydrogen Agreement which will be a private law, commercial contract.
SUBJECT TERMS. 2.3 Initial Conditions Precedent It is envisaged that there will be two sets of conditions precedent, the "Initial Conditions Precedent" and the "Operational Conditions Precedent", similar to the AR4 CfD. The "Initial Conditions Precedent" will be designed to ensure that the Producer meets certain legal/regulatory requirements and conditions relating to the Low Carbon Hydrogen Agreement immediately following the date of the agreement. The satisfaction of these requirements and conditions will need to be evidenced in a form and content satisfactory to the Hydrogen Counterparty, and may include: (a) the Producer's entry into certain key project documents [such as, where applicable, a hydrogen offtake agreement(s), gas/electricity grid connection agreements, and CO2 T&S construction/connection agreement(s)]; (b) the facility description (including process flow diagram and location of metering equipment and supply points); (c) planning permission; and (d) corporate approvals.
SUBJECT TERMS. 7.6 Certification BEIS is considering how the Low Carbon Hydrogen Agreement will interact with a potential future Low Carbon Hydrogen Standard certification scheme.
SUBJECT TERMS. 1. Overview The contract structure of the Low Carbon Hydrogen AgreementLCHA will likely follow the AR4 CfD, DPA and ICCCthe CCUS Programme Contracts, where each agreement comprises two instruments: (i) the front end agreement and (ii) the standard terms and conditions. The front end agreement will be a bespoke document that contains project-specific information relating to each Producer, including pricing components (such as the initial Strike Price), capacity, volume (such as the LCHA Production Cap), and particulars of the Facility (such as the technology type and whether any hydrogen transport and storage infrastructure is included) and the Producer to which the Low Carbon Hydrogen AgreementLCHA applies. The standard terms and conditions will be a set of contractual terms governing matters which will be applicable to all Low Carbon Hydrogen AgreementsLCHAs unless otherwise specified in the front end agreement (e.g. certain provisions may only apply to specific technology types, such as CCUS-Enabled Facilities). Producers who are allocated a Low Carbon Hydrogen AgreementLCHA will sign the front end agreement, which will then incorporate the standard terms and conditions.
SUBJECT TERMS. 6.56. 2 Producer's Metering Undertakings BEIS is considering the hydrogen metering requirements for the Low Carbon Hydrogen AgreementLCHA, including the extent to which incorporating, and ensuring consistency with, the AR4 CfD electricity metering undertakings and CCUS Programme HoTsContracts metering undertakings is appropriate. This includes how off-site low carbon hydrogen metering will be governed, which BEIS is considering for the Low Carbon Hydrogen Agreement as payments will only be made in respect of low carbon hydrogen that is produced and sold by the Producer. At a high-level, the LCHA will require: (a) a hydrogen production meter(s) for hydrogen produced (all technologies) in order to demonstrate compliance with the LCHS and payment metering point requirements (see item 4.4 (Payment Metering Points)); (b) a post-capture CO2 meter to determine captured and permanently stored CO2 emissions (CCUS-Enabled Facilities only) in order to demonstrate compliance with the LCHS and to calculate the Flow Charge (see item 4.18 (CO2 T&S Charges Amount)); (c) an electricity meter for electricity supply (all technologies) in order to demonstrate compliance with the LCHS; (d) a water meter for water usage (all technologies) in order to demonstrate compliance with the LCHS; and (e) a natural gas meter to determine feedstock / fuel supply emissions (CCUS-Enabled Facilities only) in order to demonstrate compliance with the LCHS. BEIS is also considering whether any additional metering or similar obligations will need to be placed on the Producer in respect of the hydrogen business model,LCHA including in respect of monitoring, reporting and verifying compliance with the Low Carbon Hydrogen Standard (discussed below in item LCHS (discussed below in item 7 (Low Carbon Hydrogen StandardLow Carbon Hydrogen Standard)).
