Article 18. Parties agree that if for the duration of this Agreement a change in relevant regulations should occur whereby they will cease to be harmonized with the regulations regulating imbalance responsibility, filing of complaints or other issues relating to balancing the electrictiy system, parties shall either sign an annex to this Agreement or terminate this Agreement and sign a new one which shall regulate their mutual relations relating to the balancing of the electricity system in accordance with the content of the changed relevant regulations, whichever HOPS may choose. This Agreement shall be concluded following its signature by the authorised representatives of the parties to the Agreement, and shall enter into force when BGM delivers to HOPS appropriate payment insurance instruments pursuant to article 14 herein and Addendum 1 to this Agreement. The Agreement is concluded in 4 (four) equal copies, 2 (two) for each party. In case of contradiction between Croatian and English version, Croatian version shall prevail. In Zagreb, _______________ 2022. VBG/BGM Director Pursuant to article 14 of the Balancing Responsibility Agreement between Hrvatski operator prijenosnog sustava d.d. (Croatian Transmission System Operator Plc.) (hereinafter: HOPS) and balancing group manager (hereinafter: BGM), BGM shall deliver to HOPS the following payment insurance instrument (hereinafter: payment insurance instrument): Cash deposit (hereinafter: cash deposit) or Bank guarantee in the original, unconditional, irrevocable, independent and payable on first demand issued by a first-class bank with headquarters in the Republic of Croatia and acceptable to HOPS (hereinafter: bank guarantee) to the amount calculated according to the following formula: Payment insurance amount = max total monthly metered data of a Balancing group in the last 12 months * Average reference price of imbalances in the last 12 months in EUR / 30 * 5 Total monthly metered data of a BG are data on realisation of BG from the first monthly imbalance settlement delivered by Croatian Market Operator to BGM and HOPS pursuant to article 35 of the Balancing Rules. When for the purposes of calculation of the payment insurance amount according to the above formula, there is no metered data (realisation) for each individual Balancing group member or its manager, the estimate of the maximum realisation on a monthly level in MWh delivered by BGM to HOPS shall be used. HOPS shall check the amount of payment insurance ...
Article 18. Cooperation on Electronic Commerce
Article 18. 1. Should the Conference adopt a new Convention revising this Convention in whole or in part, then, unless the new Convention otherwise provides:
Article 18. Access to the Labour Market
Article 18. Anti-Dumping and Countervailing Measures
Article 18. Requirements and Procedures for Completing of the Certificate of Origin
Article 18. Signature and Languages of the Treaty
Article 18. The Governing Board shall:
Article 18. Participation in joint investigation teams
Article 18. Privileges and Immunities of Members of the Governing Board and Representatives of the CEF Members