Common use of Allocation Platform Clause in Contracts

Allocation Platform. 1. The Allocation Platform shall undertake the allocation functions in accordance with these Shadow Allocation Rules and in accordance with applicable European Union legislation. 2. The Allocation Platform shall run the Shadow Auction for both unforeseen and foreseen unavailability of the enduring day-ahead price coupling solution on the concerned Bidding Zone borders. It shall perform the registration process, handle necessary financial risk management, prepare and conduct the Shadow Allocations, provide all necessary information to the Registered Participants and the TSOs and collect payments and/or pay according to these Shadow Allocation Rules. 3. For the sake of clarity, the Allocation Platform hereby enters into a contractual relationship with the Registered Participants. The appointment of a new Allocation Platform shall not affect the rights and obligations resulting from a Shadow Allocation Rules. 4. For the purposes of these Shadow Allocation Rules the Allocation Platform shall be the party signing the Participation Agreement with the Registered Participant. 5. For the purpose of the Participation Agreement with the Registered Participant, the Allocation Platform shall publish a consolidated version of these Shadow Allocation Rules thereto as they enter into force in accordance with the applicable national regulatory regime. In case of a conflict between the consolidated version by the Allocation Platform and the Shadow Allocation Rules including the annexes as entered into force in accordance with the applicable national regulatory regime, the latter shall prevail.

Allocation Platform. 1. The Allocation Platform shall undertake the allocation functions in accordance with these Shadow Allocation Rules and in accordance with applicable European Union legislation. 2. The Allocation Platform shall run the Shadow Auction for both unforeseen and foreseen unavailability of the enduring day-ahead price coupling solution on the concerned Bidding Zone borders. It shall perform the registration process, handle necessary financial risk management, prepare and conduct the Shadow Allocations, provide all necessary information to the Registered Participants and the TSOs and collect payments and/or pay according to these Shadow Allocation Rules. 3. For the sake of clarity, the Allocation Platform hereby enters into a contractual relationship with the Registered Participants. The appointment of a new Allocation Platform shall not affect the rights and obligations resulting from a Shadow Allocation Rules. 4. For the purposes of these Shadow Allocation Rules the Allocation Platform shall be the party signing the Participation Agreement with the Registered Participant. 5. For the purpose of the Participation Agreement with the Registered Participant, the Allocation Platform shall publish a consolidated version of these Shadow Allocation Rules thereto as they enter into force in accordance with the applicable national regulatory regime. In case of a conflict between the consolidated version by the Allocation Platform and the Shadow Allocation Rules including the annexes as entered into force in accordance with the applicable national regulatory regime, the latter shall prevail.

Allocation Platform. 1. The Allocation Platform shall undertake the allocation functions in accordance with these Shadow Allocation Rules and in accordance with applicable European Union legislation. 2. The Allocation Platform shall run the Shadow Auction for both unforeseen and foreseen unavailability of the enduring day-ahead price coupling solution on the concerned Bidding Zone borders. It shall perform the registration process, handle necessary financial risk management, prepare and conduct the Shadow Allocations, provide all necessary information to the Registered Participants and the TSOs and collect payments and/or pay according to these Shadow Allocation Rules. 3. For the sake of clarity, the Allocation Platform hereby enters into a contractual relationship with the Registered Participants. The appointment of a new Allocation Platform shall not affect the rights and obligations resulting from a Shadow Allocation Rules. 4. For the purposes of these Shadow Allocation Rules the Allocation Platform shall be the party signing the Participation Agreement with the Registered Participant. 5. For the purpose of the Participation Agreement with the Registered Participant, the Allocation Platform shall publish a consolidated version of these Shadow Allocation Rules thereto as they enter into force in accordance with the applicable national regulatory regime. In case of a conflict between the consolidated version by the Allocation Platform and the Shadow Allocation Rules including the annexes as entered into force in accordance with the applicable national regulatory regime, the latter shall prevailRules.