Common use of Effective date and application Clause in Contracts

Effective date and application. 1. These Allocation Rules shall enter into force in accordance with the applicable national regulatory regimes and on the date announced by the Single Allocation Platform. 2. These Allocation Rules apply to Capacity Allocation for Long Term Transmission Rights with the delivery period to be specified by the Single Allocation Platform on its website upon the entry into force of these Allocation Rules, it being understood that the said delivery period shall be from 1 January in the subsequent year following the adoption of these Allocation Rules in accordance with Article 4 of the FCA Regulation. 3. Unless expressly stated otherwise by the regional or border specific annex(es) or otherwise required by the applicable governing law, these Allocation Rules shall govern all rights and obligations in connection with Long Term Transmission Rights acquired before the entry into force of these Allocation Rules but with the delivery date after 1 January of the year published on the Single Allocation Platform’s website in accordance with paragraph 2 of this Article.