Failure to complete Delivery Netting Sample Clauses

The 'Failure to complete Delivery Netting' clause defines the consequences and procedures that apply when one party does not fulfill its obligations under a delivery netting arrangement. In practice, this clause typically outlines what happens if, after netting multiple delivery obligations into a single net amount, a party fails to deliver the required goods, securities, or payments by the agreed deadline. It may specify remedies such as default procedures, compensation, or the right to terminate the agreement. The core function of this clause is to manage the risk of non-performance in netted transactions, ensuring that both parties understand the repercussions and that the integrity of the netting process is maintained.
Failure to complete Delivery Netting. (a) If the Operator is unable to provide Delivery Netting information for a Gas Day D and Trading Location under clause 14.7.2(f) by 1:30 pm on D-1: (i) Delivery Netting will not apply to Relevant Transactions for that Gas Day and Trading Location; (ii) at that time, the Operator must give each party to a Relevant Transaction a delivery schedule setting out its Delivery Quantities and counterparties for the Gas Day and Trading Location, being the Transaction Quantities and counterparties under each of its Relevant Transactions; and (iii) in the case of Products to which Delivery Matching applies, notwithstanding the Delivery Point specified in the delivery schedule, the Delivery Point for all Transactions will be the Common Delivery Point. (b) If the Operator is unable to make a delivery schedule available under either clause 14.7.2 or paragraph (a) by 7:00 pm on D-1, each Relevant Transaction is taken to be void immediately after that time, but only to the extent of the parties’ obligations to deliver, receive and pay for Physical Gas on the relevant Gas Day.
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Failure to complete Delivery Netting. If the Operator is unable to provide Delivery Netting information for a Gas Day D and Trading Location under clause 14.7.2(f) by midnight on D-2: Delivery Netting will not apply to Relevant Transactions for that Gas Day and Trading Location; and at that time, the Operator must give each party to a Relevant Transaction a delivery schedule setting out its Delivery Quantities and counterparties for the Gas Day and Trading Location, being the Transaction Quantities and counterparties under each of its Relevant Transactions. If the Operator is unable to make a delivery schedule available under either clause
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Failure to complete Delivery Netting. (a) If the Operator is unable to provide Delivery Netting information for a Gas Day D and Trading Location under clause 14.7.2(f) by 1:30 pm on D-1: (i) Delivery Netting will not apply to Relevant Transactions for that Gas Day and Trading Location; (ii) at that time, the Operator must give each party to a Relevant Transaction a delivery schedule setting out its Delivery Quantities and counterparties for the Gas Day and Trading Location, being the Transaction Quantities and counterparties under each of its Relevant Transactions; and (iii) in the case of Products to which Delivery Matching applies, notwithstanding the Delivery Point specified in the delivery schedule, the Delivery Point for all Transactions will be the Common Delivery Point. Note: If clause 14.7.3 applies, in the case of Products to which Delivery Matching applies, the delivery schedule provided by the Operator may not specify the Common Delivery Point. In this case, the Delivery Point will be the Common Delivery Point and the parties must ignore the Delivery Point specified in the delivery schedule. (b) If the Operator is unable to make a delivery schedule available under either clause 14.7.2 or paragraph (a) by 7:00 pm on D-1, each Relevant Transaction is taken to be void immediately after that time, but only to the extent of the parties’ obligations to deliver, receive and pay for Physical Gas on the relevant Gas Day.
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Failure to complete Delivery Netting. (a) If the Operator is unable to provide Delivery Netting information for a Gas Day D and Trading Location under clause 14.7.2(f) by 1:30 pm on D-1by midnight on D- 2:
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Failure to complete Delivery Netting. (a) If the Operator is unable to provide Delivery Netting information for a Gas Day D and Trading Location under clause 14.7.2(f) by midnight on D-2: (i) Delivery Netting will not apply to Relevant Transactions for that Gas Day and Trading Location; and (ii) at that time, the Operator must give each party to a Relevant Transaction a delivery schedule setting out its Delivery Quantities and counterparties for the Gas Day and Trading Location, being the Transaction Quantities and counterparties under each of its Relevant Transactions. (b) If the Operator is unable to make a delivery schedule available under either clause 14.7.2 or paragraph (a) by midnight on D-2, each Relevant Transaction is taken to be void immediately after that time, but only to the extent of the parties’ obligations to deliver, receive and pay for Physical Gas on the relevant Gas Day.
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Related to Failure to complete Delivery Netting

  • Failure to Complete If Artist becomes ill, dies, or is otherwise unable or unwilling to complete the Project in accordance with the Agreement, any work already done on the Project will be the City’s property. The City will be entitled to withhold any sums not yet paid to Artist, and may use any such sums toward completion of the Project in any manner the City deems appropriate.

  • Non-Compliant Delivery Overshipments and/or early deliveries may be returned at Supplier’s sole expense, or DXC may delay processing the early delivery invoice until the Delivery Date.

  • LIABILITY FOR FAILURE TO COMPLETE TRANSACTIONS If We do not

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Delivery by Facsimile This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall reexecute original forms thereof and deliver them to all other parties. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine as a defense to the formation or enforceability of a contract and each such party forever waives any such defense.