Annual Revision. The IRS and the Executive Director may annually revise the MOU between the parties that provides structure for the roles.
Annual Revision. As of the first day of each May, VTransco shall revise the allocations of the VTPs on each Limited Interface. Such revision shall be based on the percentage of total transmission revenues paid by all VTPs for the period, as described in paragraph 4.b., above, ending on the last day of the preceeding December.
Annual Revision. Once per year, Cdiscount has the right to submit a tender to CCV’s competitors for the services it has contracted to CCV. Depending on the results of this tender, which must consist of a minimum of two price offers, and of which CDiscount commits to send the detailed results to CCV, a price range entitled “Market Price” will be evaluated by the Parties regarding the characteristics and conditions of the services. Taking this “Market Price” as reference, the Parties will begin negotiations at the latest by 1 February of each year, and end them as soon as possible before the 1st of March. If the Parties are able to come to an agreement on the new Contract price starting from the 1st of March of the year in progress, that price will apply starting from that date. In the contrary case, the old price will continue to apply, but each of the Parties may then end the Contract, with no damage to either party, with reasonable prior notice by registered letter with return receipt. Regarding the price revision on 1 March 2013, the Parties can agree on whether payments during the second half of 2013 will be made with one or multiple credit notes/invoices. In the measure in which the Contract price is revisable to a higher or lower price, if necessary CCV can take the initiative and request a revision of the Contract price if CDiscount has not taken the initiative of announcing a tender.
Annual Revision. Second party based on quality and efficiency of services rendered in the preceding year, may on its discretion, revise!" the consolidated package by an amount not exceeding 10'Y. of preceding year's package amount for the ensuing year.
