Common use of Requirement for Settlements and Prudential Methodology Clause in Contracts

Requirement for Settlements and Prudential Methodology. (a) The Operator must establish a methodology for the calculation of Settlement Amounts payable under this agreement, together with the calculation of Prudential Exposure under clause 9.4.1 (Settlements and Prudential Methodology). (b) The Settlements and Prudential Methodology may be contained in the same document as the Rules Methodology. (c) The Operator may amend the Settlements and Prudential Methodology after consulting with Market Participants using the process applicable to proposed amendments to this agreement under clauses 3.3 to 3.5. (d) If the Settlements and Prudential Methodology is contained in the same document as the Rules Methodology, the Operator must also comply with any additional requirements in the National Gas Rules applicable to the amendment of the Rules Methodology.