Neutrality Auditor. 12.1.1 Transco NTS will, subject to paragraphs 12.1.3 and 12.1.4, appoint in accordance with paragraph 12.2.1 a person eligible for appointment as a company auditor (within the meaning of Part II of the Companies Act 1989) to conduct a review (after the relevant period) of whether, in the opinion of such person, in each relevant period, in calculating Neutrality Charges and Relevant Incentive Charges, Transco NTS has complied in material respects with applicable provisions of the Code. 12.1.2 For the purposes of this paragraph 12:
Appears in 2 contracts
Sources: Network Code Ancillary Agreement, Network Code Ancillary Agreement
Neutrality Auditor. 12.1.1 9.1.1 Transco NTS will, subject to paragraphs 12.1.3 9.1.3 and 12.1.49.1.4, appoint in accordance with paragraph 12.2.1 9.2.1 a person eligible for appointment as a company auditor (within the meaning of Part II of the Companies Act 1989) to conduct a review (after the relevant period) of whether, in the opinion of such person, in each relevant period, in calculating Neutrality Charges and Relevant Incentive Charges, Transco NTS has complied in material respects with applicable provisions of the Code.
12.1.2 9.1.2 For the purposes of this paragraph 129:
Appears in 1 contract
Sources: Ancillary Agreement