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Regulation 34 Termination fee rates: modifications

Original text. Later amendments are not shown.

Regulation 32 (termination fee rates) of the Principal Regulations applies as if—

(a)

in paragraph (1), in the definition of “TFxrate”—

(i)

in sub-paragraph (a), after “a”, in the first place it occurs, there were inserted “conditional capacity agreement or”; and

(ii)

in sub-paragraph (b), after “the” there were inserted “conditional capacity agreement or”;

(b)

in paragraph (4), for “capacity agreement” there were substituted “conditional capacity agreement, or the capacity agreement this conditional capacity agreement has become under regulation 30(2A),”; and

(c)

in paragraph (5)—

(i)

after “a”, in the second place it occurs, there were inserted “conditional capacity agreement or”; and

(ii)

for “capacity agreement”, where it occurs after the words “which the”, substitute “conditional capacity agreement, or the capacity agreement it has become under regulation 30(2A),”.