What does the "Initial Term" of the Accession Agreement mean?

What does the "Initial Term" of the Accession Agreement mean?

The Initial Term in the Accession Agreement (Section 5) is defined in the General Terms and Conditions as "a period until 31st August 2016".

The reasoning for this term being present within the Accession Agreement is because it is liked to Equias subcontractors contract term in order to be consecutive. Equias does not require this term protection any longer hence the Initial Term does not need to be extended in the GTCs. Given that the Initial Term has expired, now all Accession Agreements do not have an Initial Term and the Accession Agreement is automatically renewed very year unless it is terminated with 3 months written notice.

    • Related Articles

    • What does match rolled back mean?

      The "match rollback" is not an issue. During eCM, when a matching pair (CNF vs. CNF) or (BCN vs.CNF+BFI) is found, the CMS starts the matching process. For this, the CMS is asking the CNF and BCN processes if it is "ready for a match" and if both ...

    • What does the state 'RM_Pending' mean?

      The state 'RM_Pending' stands for 'Rematch Pending' and occurs when an organisation sends an amendment to a MATCHED confirmation. This process is documented within the latest eCM Standards (v4.4) under the section 'High Level Business Document ...

    • How should a PPA (Power Purchase Agreement) be reported?

      The PPA should be reported as a Table 2 entry, which can be actioned via the manual interface. Following this, you will need to report Table 1 'exercises' each month after settlement reporting the total volume at the average price. Upon completion of ...

    • What does the error message Erroneous date[CREATION TIMESTAMP] mean?

      The "ReportingTimestamp" is used to set the "Creation Timestamp" in the REGIS-TR specific document. If a clients submission is populated with the following ReportingTimestamp > 2023-06-27T07:52:02Z < /ReportingTimestamp and submitted by the client on ...

    • What do the eCM statuses “Error”, “Failed”, “Receiving” & “Matching” mean?

      * Error – Documents which have experienced an issue in the matching process. * Failed – When a document has been received outside of the normal process, which does not comply with the eCM Standards (e.g. submitting 2 documents with the same version ...