ACCESSION OF ADDITIONAL PARTIES Sample Clauses
The "Accession of Additional Parties" clause establishes the process by which new parties can join an existing agreement after its initial execution. Typically, this clause outlines the requirements for accession, such as the need for new parties to sign a deed of accession or similar document, and may specify any consents or approvals required from existing parties. By providing a clear mechanism for adding new participants, this clause ensures the agreement remains flexible and can accommodate changes in the parties involved without renegotiating the entire contract.
ACCESSION OF ADDITIONAL PARTIES. Eligibility for Admission
4.1 Any person who applies to be admitted as a Party (an Applicant) shall be entitled to be admitted as a Party, subject to and in accordance with the provisions of this Clause 4.
4.2 An Applicant may not be admitted as a Party if:
4.2.1 it is already a Party; or
4.2.2 (in the case of all Applicants other than the OTSO Party or those applying to be a Gas Supplier Party) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 16, in the six-month period following its application to be so admitted; or
4.2.3 (in the case of only the OTSO Party or those applying to be DNO Parties or IDNO Parties) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 37 in the six- month period following its application to be so admitted.
ACCESSION OF ADDITIONAL PARTIES. Eligibility for Admission
4.1 Any person who applies to be admitted as a Party (an Applicant) shall be entitled to be admitted as a Party, subject to and in accordance with the provisions of this Clause 4.
4.2 An Applicant may not be admitted as a Party if:
4.2.1 it is already a Party;
4.2.2 (in the case of all Applicants other than the OTSO Party or those applying to be a Gas Supplier Party or a SIP Party) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 16, in the six-month period following its application to be so admitted;
4.2.3 (in the case of only the OTSO Party or those applying to be DNO Parties or IDNO Parties) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 37 in the six- month period following its application to be so admitted;
4.2.4 (in the case of the Crowded Meter Room Coordinator) the Applicant is not Alt HAN Company Limited (a company incorporated in England and Wales with company number 10002859); and/or
4.2.5 (in the case of only those applying to be a SIP Party) the Applicant is not a qualified metering equipment manager under the Retail Energy Code.
ACCESSION OF ADDITIONAL PARTIES. Eligibility for Admission
4.2.1 it is already a Party; or
4.2.2 (in the case of all Applicants other than the OTSO Party or those applying to be a Gas Supplier Party) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 16, in the six-month period following its application to be so admitted; or
4.2.3 (in the case of only the OTSO Party or those applying to be DNO Parties or IDNO Parties) the Panel believes that the Applicant has no reasonable prospect of satisfying the relevant conditions precedent set out in Clause 37 in the six- month period following its application to be so admitted.