Common use of Suspension of the Participation Agreement Clause in Contracts

Suspension of the Participation Agreement. 1. The Allocation Platform may by notice to the Registered Participant suspend temporarily the Registered Participant’s rights in connection with these Allocation Rules with immediate effect if the Registered Participant commits a major breach of an obligation in connection with these Allocation Rules which may have a significant impact to the Allocation Platform as follows: (a) if a Registered Participant fails to pay any amount properly due and owing to the Allocation Platform pursuant to Article 55; (b) if a Registered Participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 5 contracts

Samples: Rules for Explicit Daily Capacity Allocation, Rules for Explicit Daily Capacity Allocation, Rules for Daily Capacity Allocation

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Suspension of the Participation Agreement. 1. The Allocation Platform may by notice to the Registered Participant suspend temporarily the Registered Participant’s rights in connection with these Allocation Rules with immediate effect if the Registered Participant commits a major breach of an obligation in connection with these Allocation Rules which may have a significant impact to the Allocation Platform as follows: (a) if a Registered Participant fails to pay any amount properly due and owing to the Allocation Platform pursuant to Article 5554; (b) if a Registered Participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 3 contracts

Samples: Rules for Daily Capacity Allocation on Swiss Borders, Rules for Daily Capacity Allocation, Rules for Daily Capacity Allocation

Suspension of the Participation Agreement. 1. The Allocation Platform may by notice to the Registered Participant suspend temporarily the Registered Participant’s rights in connection with these Allocation Rules with immediate effect if the Registered Participant commits a major breach of an obligation in connection with these Allocation Rules which may have a significant material impact to on the Allocation Platform as follows: (a) if a Registered Participant fails to pay any amount properly due and owing to the Allocation Platform pursuant to Article 55; (b) if a Registered Participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 2 contracts

Samples: Access Rules, Access Rules

Suspension of the Participation Agreement. 1. The Allocation Platform may by notice to the Registered Participant suspend temporarily the Registered Participant’s rights in connection with these Allocation Rules with immediate effect if the Registered Participant commits a major breach of an obligation in connection with these Allocation Rules which may have a significant impact to the Allocation Platform as follows: (a) if a Registered Participant fails to pay any amount properly due and owing to the Allocation Platform pursuant to Article 5551; (b) if a Registered Participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 2 contracts

Samples: Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao, Rules for Explicit Daily Capacity Allocation on Bidding Zone Borders Serviced by See Cao

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Suspension of the Participation Agreement. 1. The Allocation Platform may by notice to the Registered Participant suspend temporarily the Registered Participant’s rights in connection with these Allocation Rules with immediate effect if the Registered Participant commits a major breach of an obligation in connection with these Allocation Rules which may have a significant impact to the Allocation Platform as follows: (a) if a Registered Participant fails to pay any amount properly due and owing to the Allocation Platform pursuant to Article 55; (b) if a Registered Participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation

Suspension of the Participation Agreement. 1. The Allocation Platform allocation platform may by notice to the Registered Participant registered participant suspend temporarily the Registered Participantregistered participant’s rights in connection with these Allocation Rules allocation rules with immediate effect if the Registered Participant registered participant commits a major breach of an obligation in connection with these Allocation Rules allocation rules which may have a significant impact to the Allocation Platform allocation platform as follows: (a) if a Registered Participant registered participant fails to pay any amount properly due and owing to the Allocation Platform allocation platform pursuant to Article 5554; (b) if a Registered Participant registered participant fails to provide and maintain collaterals in accordance with Article 23;

Appears in 1 contract

Samples: Rules for Daily Capacity Allocation on Swiss Borders

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