Gas Act definition
Examples of Gas Act in a sentence
If any of the provisions of this Agreement is or becomes invalid, illegal or unenforceable in whole or in part, such provision shall be removed from this Agreement and shall be substituted by a valid and enforceable provision after market consultation and formal approval by the ▇▇▇▇ pursuant to and in accordance with the applicable regulatory framework, including without limitation the Gas Act and the Code of Conduct.
Whenever in this Agreement any person is to be appointed as an expert (hereinafter “Expert”) or any matter is to be referred to an Expert (in accordance with the Code of Conduct) and whenever the Parties agree that a point of dispute between them shall be submitted to an Expert, without prejudice to Article 15/18 of the Gas Act of 12 April 1965 and Article 20 of these General Conditions, provisions of this Article shall apply.
Nothing contained herein shall be construed to deny Shipper any rights it may have under the Natural Gas Act, including the right to participate fully in rate or other proceedings by intervention or otherwise to contest changes in rates in whole or in part.
The provisions of Hungarian law, with particular regard to the stipulations of the Gas Act, the Implementation Decree, the Grid Code, the Civil Code and the Lender’s Code of Business Conduct shall apply to the Contract and any arising disputes, along with the settlement of disputes.
The option shall vest in twelve equal monthly installments over the twelve month period from and immediately following the Commencement Date.