Common use of TRANSFER OF OBLIGATION Clause in Contracts

TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain his aFRR Obligation available to XXXX either by providing its aFRR Obligation by himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. Once the other party (being either the BSP or the Counterpart BSP) has accepted the Transfer of Obligation, the status of concerned Transfer of Obligation becomes accepted. The procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation is described in Annex 8. II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hours (without any action by XXXX). II.10.7 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, the resulting penalties for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.8 The remuneration for the aFRR Awarded remains fixed, as per Art. II.16.3, irrespective of any Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with whom the BSP has agreed a Transfer of Obligation.

Appears in 2 contracts

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of his its aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR valid at least up to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain his its aFRR Obligation available to XXXX ELIA either by providing its aFRR Obligation by himself itself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. Once When the other party (being either the BSP or the Counterpart BSP) has accepted accepts the Transfer of Obligation, the status of the concerned Transfer of Obligation becomes accepted. The rules and procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation is are described in Annex 8. II.10.6 II.10.5 When the Transfer of Obligation presents a status accepted, as per Art. II.10.5II.10.4, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hours hour(s) by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; and • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hours hour(s) (without any action by XXXX). II.10.7 II.10.6 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, as well as the resulting penalties incentives for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.8 II.10.7 The remuneration for the aFRR Awarded remains fixedAwarded, as per Art. II.16.3, remains fixed irrespective of any Transfers Transfer of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.9 II.10.8 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with whom which the BSP has agreed a Transfer of Obligation.

Appears in 2 contracts

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

TRANSFER OF OBLIGATION. II.10.1 II.8.1 The BSP can transfer in day-ahead or in intraday, intraday for a certain quarter-hour, hour part or all of his aFRR FCR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR FCR to the date of the performance of the aFRR FCR Obligation. II.10.2 II.8.2 Similarly, the BSP may agree to make an additional quantity of aFRR FCR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 II.8.3 The BSP should at any time maintain his aFRR FCR Obligation available to XXXX either by providing its aFRR FCR Obligation by himself or by transferring part or all of its aFRR FCR Obligation in accordance with Art. II.10.1II.8.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 II.8.4 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. Once the other party (being either the Counterpart BSP or the Counterpart BSP) has accepted the Transfer of Obligation, the status of concerned Transfer of Obligation becomes accepted. The procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation is described in Annex 8. II.10.6 II.8.5 When the Transfer of Obligation presents a status accepted, as per Art. II.10.5II.8.4, XXXX adapts the aFRR FCR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hours by: adding the volume transferred to the aFRR FCR Obligation of the party taking over the aFRR FCR Obligation; reducing by the volume transferred the aFRR FCR Obligation of the party ceding the aFRR FCR Obligation. The BSP and the Counterpart counterpartCounterpart BSP undertake the necessary actions to provide the aFRR FCR Service for the applicable quarter-hours (without any action by XXXX). II.10.7 II.8.6 Consequently, the availability control, as per Art. II.14 II.12, and the activation control, control as per Art. II.15II.13, the resulting penalties for non-compliance, as per Art. II.17II.15,Art.II.15, among other provisions, will be based on the amended aFRR FCR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.8 II.8.7 The remuneration for the aFRR FCR Awarded remains fixed, as per Art. II.16.3II.14, irrespective of any Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.9 . II.8.8 XXXX does will not grant any remuneration under Art. II.16.3 II.14 to the Counterpart BSP with whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Frequency Containment Reserve (Fcr) Service

TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain his aFRR Obligation available to XXXX ELIA either by providing its aFRR Obligation by himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. Once the other party (being either the BSP or the Counterpart BSP) has accepted the Transfer of Obligation, the status of concerned Transfer of Obligation becomes accepted. The procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation is described in Annex 8. II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hours (without any action by XXXX). II.10.7 Consequently, the availability control, as per Art. II.14 and the activation control, as per Art. II.15, the resulting penalties for non-compliance, as per Art. II.17, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.8 The remuneration for the aFRR Awarded remains fixed, as per Art. II.16.3, irrespective of any Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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TRANSFER OF OBLIGATION. II.10.1 The BSP can transfer in day-ahead or in intraday, for a certain quarter-hour, part or all of his aFRR Obligation to one or several Counterpart BSP(s) holding a valid BSP Contract aFRR to the date of the performance of the aFRR Obligation. II.10.2 Similarly, the BSP may agree to make an additional quantity of aFRR Capacity available to XXXX as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. II.10.3 The BSP should at any time maintain his aFRR Obligation available to XXXX either by providing its aFRR Obligation by himself or by transferring part or all of its aFRR Obligation in accordance with Art. II.10.1. II.10.4 The Transfer of Obligation concerns either aFRR Up or aFRR Down. II.10.5 The requestor party (being either the BSP or the Counterpart BSP) initiates the Transfer of Obligation. Once the other party (being either the BSP or the Counterpart BSP) has accepted the Transfer of Obligation, the status of concerned Transfer of Obligation becomes accepted. The procedure to be followed by the BSP and the Counterpart BSP in case of a Transfer of Obligation is described in Annex 8. II.10.6 When the Transfer of Obligation presents a status accepted, as per Art. II.10.5, XXXX adapts the aFRR Obligation of the BSP and the Counterpart BSP for the applicable quarter-hours by: • adding the volume transferred to the aFRR Obligation of the party taking over the aFRR Obligation; • reducing by the volume transferred the aFRR Obligation of the party ceding the aFRR Obligation. The BSP and the Counterpart BSP undertake the necessary actions to provide the aFRR Service for the applicable quarter-hours (without any action by XXXX). II.10.7 Consequently, the availability control, as per Art. II.14 II.1314 and the activation control, as per Art. II.15, the resulting penalties for non-compliance, as per Art. II.17II.1617, among other provisions, will be based on the amended aFRR Obligation of the BSP and the Counterpart BSP, resulting from the Transfer(s) of Obligation. II.10.8 The remuneration for the aFRR Awarded remains fixed, as per Art. II.16.3, irrespective of any Transfers of Obligation that the BSP has agreed with Counterpart BSP(s). II.10.9 XXXX does not grant any remuneration under Art. II.16.3 to the Counterpart BSP with whom the BSP has agreed a Transfer of Obligation.

Appears in 1 contract

Samples: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

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