Common use of Credit Note Clause in Contracts

Credit Note. 1. If the performance measurement by the EEX Market Operations Department shows that the Market Supporter has duly provided the market support in its Initiative in the respective month, EEX AG will issue a credit note in accordance with Section B and the respective individual agreements. EEX AG will issue the credit notes on a monthly M+1 basis in accordance with the parameters of the respective initiative. Under the Monthly Volume Initiative EEX AG will issue the first credit note in the month following the month with first exceeding of threshold. 2. Each party will notify the other Party if it ceases to be a taxable person within the meaning of EC Directive 2006/112/EC and in case of amendments of invoicing and/or payment details.

Credit Note. 1. If the performance measurement by the EEX Market Operations Department shows that the Market Supporter has duly provided the market support in its Initiative in the respective month, EEX AG will issue a credit note in accordance with Section B and the respective individual agreements. EEX AG will issue the credit notes on a monthly M+1 basis in accordance with the parameters of the respective initiative. Under the Monthly Volume Initiative EEX AG will issue the first credit note in the month following the month with first exceeding of threshold. 2. Each party will notify the other Party if it ceases to be a taxable person within the meaning of EC Directive 2006/112/EC and in case of amendments of invoicing and/or payment details.