Temporary and Closing Provisions Clause Samples

Temporary and Closing Provisions. 8.1 This Agreement shall be valid and effective from the date of its signature by both Parties. 8.2 The provisions of articles of Act No. 513/1991 Coll. Commercial Code, as amended, shall apply to this Agreement unless stated otherwise herein or if the relevant provisions are not applicable to this Agreement due to the specifics of gas storage activities. The legal relations arising from this Agreement shall be governed by, interpreted, and executed in accordance with the laws of Slovak Republic. The application of rules and regulations governing conflict of laws, referring to the applicability of laws other than Slovak law, shall be ruled out. 8.3 Any provision of this Agreement shall be interpreted to be valid and effective pursuant to the applicable legal regulations. However, if any provision is found to be unenforceable, invalid or ineffective under these regulations, the remaining provisions of this Agreement shall remain unaffected. In such instances, the SSO and the Customer agree to replace the unenforceable, invalid, or ineffective provision with a new provision. This new provision shall, to the greatest extent possible, reflect the original intention and purpose of the replaced provision, in accordance with the current rules. 8.4 The Customer is obliged to inject into the Storage Facility only natural gas which shall have the customs status of “Union goods” and hereby confirms that it shall comply with this requirement. 8.5 The Parties declare that they are registered as an excise tax payers for natural gas pursuant to Article 35 of Act No. 609/2007 Coll. on excise tax on electricity, coal and natural gas and the amendment to Act No. 98/2004 Coll. on excise tax on mineral oil, as amended (hereinafter referred to as the “Excise Tax Act”). The copies of confirmations (certificates) on such registrations are attached to this Agreement as Annex No. 3 and Annex No. 4. Should there be any change to the Party’s Slovak registration on excise tax on natural gas, including invalidation, cancellation or change, the respective Party is obliged to notify the other Party immediately, and no later than two (2) calendar days after any such change. 8.6 The Parties hereby declare that they are taxable persons acting in capacity of a taxable person when fulfilling their obligations stipulated by this Agreement. 8.7 The Customer declares that it is registered for VAT purposes as a VAT payer according to the legislation of [MISSING DATA TO BE INSERTED] and for the p...

Temporary and Closing Provisions. 10.1 This Agreement becomes valid at the moment when it is signed by both Parties. 10.2 This Agreement shall end upon the expiration of the Storage Period for which it has been concluded. Article VIII (Confidentiality) shall continue in full force and effect for 2 (two) years from the expiration of the Storage Period.

Temporary and Closing Provisions. 8.1 This Purchase Agreement becomes valid at the moment when it is signed by both Parties. 8.2 This Purchase Agreement becomes effective on the moment of assigning the Subject of Purchase to the Customer’s Storage Account pursuant to the Gas Storage Agreement – the Inverse Storage. Article VI (Confidentiality) shall continue in full force and effect for 2 (two) years from the end of the Gas Storage Agreement concluded concurrently with this Purchase Agreement, i.e. until 30 September 2019.

Temporary and Closing Provisions. 6.1 This Agreement shall be valid and effective from the date of its signature by both Parties. 6.2 Unless expressly provided otherwise in this Agreement, all definitions and capitalized terms used herein shall have the same meaning as in the General Terms and Conditions. 6.3 This Agreement shall be governed by the laws of Germany as set out in point 14.5 of General Terms and Conditions, except that sections 305 through 310 of the German Civil Code shall not apply to this Agreement. 6.4 The following Annexes are integral parts of this Agreement: 6.5 Any provision of this Agreement shall be interpreted to be valid and effective pursuant to the applicable legal regulations. However, if any provision is found to be unenforceable, invalid or ineffective under these regulations, the remaining provisions of this Agreement shall remain unaffected. In such instances, the SSO and the Customer agree to replace the unenforceable, invalid, or ineffective provision with a new provision. This new provision shall, to the greatest 6.6 The Customer is obliged to inject into the Storage Facility only gas which shall have the customs status “Union goods” and hereby confirms that it shall comply with this requirement. 6.7 Unless stipulated otherwise in this Agreement and/or the General Terms and Conditions, any changes or additions to this Agreement must be made only through written amendments, which must be signed by the persons authorized to act on behalf of the Parties. 6.8 To change the identification data stated on the first page of this Agreement (except for the bank account details) or the contact persons shown in Annex No. 2 to this Agreement, a unilateral written notice delivered to the other Party shall be sufficient. 6.9 For changes to the email addresses for receiving and/or sending invoices for the purposes of this Agreement, point 10.20 of the General Terms and Conditions shall be applied. For changes to the bank account details for the purposes of this Agreement, point 10.17 of the General Terms and Conditions shall be applied. 6.10 The Parties hereby agree that they will take all necessary steps in order to fulfil all obligations arising from this Agreement in relation to the Regulation No. 1227/2011 of the European Parliament and of the Council on the Wholesale Energy Market Integrity and Transparency and that they will cooperate in order to fulfil any obligations that may arise from this legislation as may be amended from time to time, as well as any other l...

Temporary and Closing Provisions. 7.1 This Purchase Agreement becomes valid at the moment when it is signed by both Parties. 7.2 This Purchase Agreement becomes effective on the moment of assigning the Subject of Purchase to the Customer’s Storage Account pursuant to the Agreement. Article V. of this Purchase Agreement (Confidentiality) shall continue in full force and effect for 2 (two) years from the end of the Agreement concluded concurrently with this Purchase Agreement.

Temporary and Closing Provisions. 6.1 This Agreement becomes valid and effective at the moment when it is signed by both Parties. 6.2 This Agreement is executed upon the Customer's application which was delivered to the SSO on [MISSING DATA TO BE INSERTED] based on Invitation to apply for available storage capacity published on [MISSING DATA TO BE INSERTED] (hereinafter the „Application“). 6.3 The Parties conclude this Agreement for a definite period of one year from signature of this Agreement by both Parties.

Temporary and Closing Provisions. 7.1 This Purchase Agreement becomes valid at the moment when it is signed by both Parties. 7.2 This Purchase Agreement becomes effective on the moment of assigning the Subject of Purchase to the Customer’s Storage Account pursuant to the Gas Storage Agreement – the Inverse Storage. Article VI (Confidentiality) shall continue in full force and effect for 2 (two) years from the end of the Gas Storage Agreement concluded concurrently with this Purchase Agreement, i.e. [MISSING DATA TO BE INSERTED]. 7.3 Provisions of Articles of Act ▇▇. ▇▇▇/▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇▇ Commercial Code, as amended, shall be applied mutatis mutandis to this Purchase Agreement, unless this Purchase Agreement stipulates otherwise. The legal relations arising from this Purchase Agreement shall be governed by, interpreted and executed in accordance with the laws of the Slovak Republic. Application of questionable norms, referring to the applicability of other than Slovak law, shall be ruled out. 7.4 The following Annexes are an integral part of this Purchase Agreement: Annex No. 1 - Contact Details of Parties; Annex No. 2 – Form of Parent Company Guarantee / Bank Guarantee. 7.5 The Parties may change or complement this Purchase Agreement only by written, sequentially numbered amendments to this Purchase Agreement, which have to be signed by persons authorized to act on behalf of the Parties. To change the identification data shown on the front page of this Purchase Agreement or the contact persons shown in Annex No. 1 to this Purchase Agreement, a written notice delivered to the other Party shall be sufficient. 7.6 The both Parties declare that in accordance with Act No. 609/2007 Coll. on the Excise Duty on Electricity, Coal and Natural Gas as amended are registered as a tax payer for excise duty on natural gas; at the same time, both Parties commit to provide a proof of such registration issued by a relevant custom authority, in accordance with Article 35(5) of this Act, no later than 2 days after signature of this Purchase Agreement. 7.7 The Customer shall bear the loss, including the obligation to bear the costs related to the tax administrator potentially assessing additional tax, including sanctions, which the SSO has incurred due to the Customer having provided incorrect or incomplete information or where the Customer has failed to immediately notify the SSO of any change concerning the Customer or its representations or obligations contained in this Purchase Agreement or carried out on ...

Temporary and Closing Provisions. 7.1 This Gas Storage Agreement becomes valid at the moment of execution by both Parties. 7.2 The Parties conclude this Gas Storage Agreement for a definite period of time from [MISSING DATA TO BE INSERTED UPON EXERCISING OF OPTION] to the end of the Gas Day of 31 March 2020. The provision of the services shall start on 1 April 2019. This Gas Storage Agreement shall be terminated upon the expiration of the time period for which it has been concluded.

Temporary and Closing Provisions. 11.1 This Agreement becomes valid and effective at the moment when it is signed by both Parties. 11.2 The Article IX. of this Agreement (Confidentiality) shall continue in full force and effect for 2 (two) years from the expiration of the Storage Period. 11.3 If due to any maintenance on the Storage Facility or adjoining infrastructure or other unforeseen event on the SSO´s side the Customer is not able to keep Compulsory Flows, the SSO shall provide the Customer with the make-up Injection Rates and/or Withdrawal Rates. Such make-up Injection Rates and/or Withdrawal Rates are included in the Storage Price.