Common use of TRANSFER OF OBLIGATION Clause in Contracts

TRANSFER OF OBLIGATION. In accordance with Art. II.10, ▇▇▇▇ allows the BSP to transfer part or all of his aFRR Obligation to one or several Counterpart BSP(s). Similarly, the BSP may agree to make an additional aFRR Capacity available to ▇▇▇▇ as a result of a Transfer of Obligation from a Counterpart BSP to the BSP.

Appears in 4 contracts

Sources: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

TRANSFER OF OBLIGATION. In accordance with Art. II.10, ▇▇▇▇ allows the BSP to transfer part or all of his its aFRR Obligation to one or several Counterpart BSP(s). Similarly, the BSP may agree to make an additional aFRR Capacity available to ▇▇▇▇ as a result of a Transfer of Obligation from a Counterpart BSP to the BSP.

Appears in 3 contracts

Sources: Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service, Balancing Service Providers Contract for the Automatic Frequency Restoration Reserve (Afrr) Service

TRANSFER OF OBLIGATION. In accordance with Art. II.10II.8, ▇▇▇▇ allows the BSP to transfer part or all of his aFRR FCR Obligation to one or several Counterpart BSP(s). Similarly, the BSP may agree to make an additional aFRR FCR Capacity available to ▇▇▇▇ as a result of a Transfer of Obligation from a Counterpart BSP to the BSP. This annex lays down the conditions under which the Transfer of Obligation may apply and defines the rules and procedure that ▇▇▇▇, the BSP and the Counterpart BSP must respect in order to notify and validate said transfers.

Appears in 1 contract

Sources: Balancing Service Providers Contract for the Frequency Containment Reserve (Fcr) Service