previously in use and originally contemplated by the Parties); (e) change in the rate of any applicable Taxes or (f)f the change in the terms or conditions of any Authorisation by an imposition of additional terms or conditions, which occurrence was not reasonably foreseen by the Parties and which makes the continued performance of this Agreement on the terms herein set forth materially less favourable to either or both Parties. For the avoidance of doubt, the Parties acknowledge that any procedural change of rules or change in trading regime contemplated in the Regional Market Rules shall not be construed as a Change in Law Event means the date the contract begins actually operating from the “Commercial Operation Date” commercial point of view. means all the conditions set out in Article 3 that must be “Conditions satisfied or waived prior to this Agreement becoming Precedent” effective means all information and data of whatever nature, which any “Confidential Information” Party may from time to time receive or obtain (orally or in written or electronic form) as a result of entering into, or performing its obligations pursuant to, this Agreement (including engineering data, maps, models and interpretations, commercial, contractual and financial information) means for this Agreement and operations conducted under “Consequential Loss” this Agreement, any damages, costs, or liabilities, or any losses or deferments of revenue, profit, opportunity or use, regardless of cause, which are not immediately and directly caused by the relevant act or omission is the duration of this Agreement specified in Article 4 from “Contract Duration” the Effective Date Year” means a period of one (1) Year beginning on the first day of “Contract the Month following the Commercial Operation Date or any anniversary thereof means a period of 24 hours commencing at [indicate “Day” hours and daily shall be construed GMT hour] accordingly means the occurrence of any one or more of the events “Default” specified in Article 19 Point” means the physical point in the interconnector at which the “Delivery energy is delivered from the Seller to the Buyer means any dispute, controversy, or claim of any kind or type, “Dispute”
previously in use and originally contemplated by the Parties); (e) change in the rate of any applicable Taxes or (f)f the change in the terms or conditions of any Authorisation by an imposition of additional terms or conditions, which occurrence was not reasonably foreseen by the Parties and which makes the continued performance of this Agreement on the terms herein set forth materially less favourable to either or both Parties. For the avoidance of doubt, the Parties acknowledge that any procedural change of rules or change in trading regime contemplated in the Regional Market Rules shall not be construed as a Change in Law Event “Commercial Operation Date” means the date the contract begins actually operating from the commercial point of view. “Conditions Precedent” means all the conditions set out in Article 3 that must be satisfied or waived prior to this Agreement becoming effective “Confidential Information” means all information and data of whatever nature, which any Party may from time to time receive or obtain (orally or in written or electronic form) as a result of entering into, or performing its obligations pursuant to, this Agreement (including engineering data, maps, models and interpretations, commercial, contractual and financial information) “Consequential Loss” means for this Agreement and operations conducted under this Agreement, any damages, costs, or liabilities, or any losses or deferments of revenue, profit, opportunity or use, regardless of cause, which are not immediately and directly caused by the relevant act or omission “Contract Duration” is the duration of this Agreement specified in Article 4 from the Effective Date “Contract Year” means a period of one (1) Year beginning on the first day of the Month following the Commercial Operation Date or any anniversary thereof “Day” means a period of 24 hours commencing at [indicate GMT hour] hours and daily shall be construed accordingly “Default” means the occurrence of any one or more of the events specified in Article 19 “Delivery Point” means the physical point in the interconnector at which the energy is delivered from the Seller to the Buyer “Dispute” means any dispute, controversy, or claim of any kind or type,
Short-Term-Bilateral-Agreement-harmonised.docx