CHANGES TO INVENTORY WITHIN ELECTRICAL SERVICE AREA Sample Clauses

CHANGES TO INVENTORY WITHIN ELECTRICAL SERVICE AREA. 8.1 The Province may, in its sole discretion, for any purpose including but not limited to the transfer of the operation of a portion of the Highway to a third party, on one day’s written notice to the Contractor to increase or decrease the level and/or types of Inventory within the Electrical Service Area, and the Contractor will perform the Services required with respect to the changed level or types of Inventory. 8.2 For the purposes of Section 8.1, where the Province has not provided the notice to the Contractor to amend the Inventory, notice will be deemed to have been given when a final inspection report by the Contractor of a new electrical installation is submitted to the Province. 8.3 In the event there is a change to Inventory pursuant to Section 8.1, the Annual Price will be adjusted if the cumulative net change in the Daily Cost for the then current Contract Year (determined in accordance with Section 8.4 and Schedule 6 ("Cost for Changes to Inventory") exceeds 2%, positive 8.4 If the fees payable to the Contractor under Section 14.1 for a particular Contract Year are adjusted pursuant to Section 8.3, then the Contractor will not be entitled to any additional compensation in any form whatsoever, nor will the compensation payable hereunder be reduced, as a result of the changes referred to in any further notice delivered under Section 8.1 during that Contract Year unless the cumulative net change in the Revised Daily Cost for that Contract Year exceeds 2%, positive or negative, as determined by the Province in accordance with Section 8.5, and in each such case, the fees payable pursuant to Section 14.1 and that portion of the Annual Price attributable to the remainder of that Contract Year, will be adjusted by the change in the Revised Daily Cost determined by the Province under Section 8.5, from the effective date of the latest change made pursuant to Section 8.1 to the end of that Contract Year.
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CHANGES TO INVENTORY WITHIN ELECTRICAL SERVICE AREA. 7.1 The Province may, in its sole discretion, for any purpose including but not limited to the transfer of the operation of a portion of the Highway to a third party, on one day’s written notice to the Contractor to increase or decrease the level and/or types of Inventory within the Electrical Service Area, and the Contractor will perform the Services required with respect to the changed level or types of Inventory. 7.2 For the purposes of Section 7.1, where the Province has not provided the notice to the Contractor to amend the Inventory, notice will be deemed to have been given when a final inspection report by the Contractor of a new electrical installation is submitted to the Province. 7.3 In the event there is a change to Inventory pursuant to Section 7.1, the Annual Price will be adjusted if the cumulative net change in the Daily Cost for the then current Contract Year (determined in accordance with Section 7.4 and Schedule 6 ("Cost for Changes to Inventory") exceeds 2%, positive or negative, as calculated by the Province in accordance with Section 7.5. In such case, the fees payable pursuant to Section 13.1 and that portion of the Annual Price attributable to the remainder of that Contract Year, will be adjusted by the change in Daily Cost determined by the Province under Section 7.5, from the effective date of the latest change made pursuant to Section 7.1 to the end of that Contract Year. 7.4 If the fees payable to the Contractor under Section 13.1 for a particular Contract Year are adjusted pursuant to Section 7.3, then the Contractor will not be entitled to any additional compensation in
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Related to CHANGES TO INVENTORY WITHIN ELECTRICAL SERVICE AREA

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