Common use of Effective date and application Clause in Contracts

Effective date and application. 1. These Shadow Allocation Rules shall enter into force in accordance with the applicable national regulatory regime and on the date announced by the Allocation Platform. 2. These Shadow Allocation Rules are subject to the legislation prevailing at the time at which they take effect. In the event that there is a change in legislation or any action by competent authorities at national or European Union level which have an effect on these Shadow Allocation Rules then, notwithstanding any other provision of these Shadow Allocation Rules, the Shadow Allocation Rules shall be amended accordingly and pursuant to Article 52. 3. In the event of an inconsistency between the Shadow Allocation Rules and the Nomination Rules, for matters relating to the implementation of Shadow Auctions in accordance with the Shadow Allocation Rules, the Shadow Allocation Rules shall prevail. 4. The activities of the Allocation Platform cover jurisdictions where TSOs from the European Union, TSOs from contracting parties of the Energy Community Treaty and from one or more other countries. References to (a) TSO or Transmission System Operator therefore include references to EU TSOs, transmission system operators from contracting parties of the Energy Community Treaty as well as transmission system operators from any other country for which services are provided by the Allocation Platform; and (b) NRA or National Regulatory Authority include references to NRAs of the European Union, or NRAs from contracting parties of the Energy Community Treaty, or regulators of other countries which have jurisdiction over the relevant TSO or the Allocation Platform.