Common use of Revocation Notice Clause in Contracts

Revocation Notice. To notify NFPAS, or procure (insofar as it is possible, acting reasonably, to procure) that the Authority notifies NFPAS, as soon as reasonably practicable in the event that any ROC or ▇▇▇▇ transferred to NFPAS for sale in the Auction is or will be revoked. For the avoidance of doubt, and notwithstanding any other provision of this Agreement, NFPAS shall have no obligation to sell a revoked ROC or ▇▇▇▇ on behalf of the Principal.

Appears in 2 contracts

Sources: E Roc and E Rego Auction Agency Agreement, Auction Agency Agreement

Revocation Notice. To notify NFPAS, or procure (insofar as it is possible, acting reasonably, to procure) that the Authority notifies NFPAS, as soon as reasonably practicable in the event that any ROC or ▇▇▇▇ ROCs, LECs, REGOs and other Renewables Benefits transferred to NFPAS for sale onward transmission to the Successful Bidder in the Auction is or will be revoked. For the avoidance of doubt, and notwithstanding any other provision of this Agreement, NFPAS shall have no obligation to sell a revoked ROC or ROC, LEC, ▇▇▇▇ or other Renewables Benefits on behalf of the Principal.

Appears in 1 contract

Sources: Power Auction Agency Agreement