Common use of Observer Status Clause in Contracts

Observer Status. 14.1 Any NEMO, power exchange or TSO, either within or outside the scope of application of CACM, can, upon written request to the MCSC, be granted the status of Observer for the purpose of acceding at a later stage to the Agreement, either by: i) a MCSC decision acknowledging the Observer status in case of a NEMO or TSO within the scope of application of CACM, provided the non-disclosure agreement mentioned in Article 14.2 is signed (such non-disclosure agreement being the only condition required); or ii) a decision of the MCSC, if the power exchange or TSO requesting the status of Observer has its registered office in a third party country outside the scope of application of CACM, in which case the MCSC can subject the status of Observer to further conditions to the extent compatible with applicable Legal Provisions or intergovernmental agreements in addition to the signing of the non-disclosure agreement mentioned in Article 14.2. 14.2 The granting of the status of Observer is subject to the signature of the Global NDA or of a confidentiality agreement with substantially similar terms and conditions as the Global NDA by the NEMO, power exchange or TSO requesting the status of Observer. 14.3 The NEMO, power exchange or TSO that has been granted the status of Observer may be granted access to certain documentation on the SDAC as decided from time to time by the MCSC and may be entitled to participate to certain meetings as decided by the MCSC. For the avoidance of doubt an Observer has no voting rights.

Observer Status. 14.1 11.1.1. Any NEMO, power exchange or TSO, either within or outside the scope of application of CACM, can, upon written request to the TSO MCSC, be granted the status of Observer for the purpose of acceding at a later stage to the Agreement, either by: i) a TSO MCSC decision acknowledging the Observer status in case of a NEMO or TSO within the scope of application of CACM, provided the non-disclosure agreement mentioned in this Article 14.2 is signed (such non-disclosure agreement being the only condition required); or ii) a decision of the TSO MCSC, if the power exchange or TSO requesting the status of Observer has its registered office in a third party country outside the scope of application of CACM, in which case the TSO MCSC can subject the status of Observer to further conditions to the extent compatible with applicable Legal Provisions or intergovernmental agreements in addition to the signing of the non-disclosure agreement mentioned in Article 14.2this Article. 14.2 11.1.2. The granting of the status of Observer is subject to the signature of the Global NDA or of a confidentiality agreement with substantially similar terms and conditions as the Global NDA by the NEMO, power exchange or TSO requesting the status of Observer. 14.3 11.1.3. The NEMO, power exchange or TSO that has been granted the status of Observer may be granted access to certain documentation on the SDAC Cooperation as decided from time to time by the TSO MCSC and may be entitled to participate to certain meetings as decided by the MCSC▇▇▇ ▇▇▇▇. For the avoidance of doubt an Observer has no voting rights.