DEVELOPMENT OF PERFORMANCE LEVELS. 1.1 The Parties must meet as soon as practicable after the Commencement Date to negotiate in good faith to endeavour to agree the QR Network Performance Level and the Operator Performance Level within twelve (12) Months of the Commencement Date, which Performance Levels may involve financially based incentives and sanctions and, unless otherwise agreed, will be applicable for the Term. A failure to agree the Performance Levels is not a Dispute for the purposes of Clause 18.
Appears in 3 contracts
Samples: Train Operations Agreement, Train Operations Agreement, Train Operations Agreement
DEVELOPMENT OF PERFORMANCE LEVELS. 1.1 The Parties must meet as soon as practicable after the Commencement Date to negotiate in good faith to endeavour to agree the QR QRAurizon Network Performance Level and the Operator Performance Level within twelve (12) Months of the Commencement Date, which Performance Levels may involve financially based incentives and sanctions and, unless otherwise agreed, will be applicable for the Term. A failure to agree the Performance Levels is not a Dispute for the purposes of Clause 18.
Appears in 1 contract
Samples: Train Operations Agreement
DEVELOPMENT OF PERFORMANCE LEVELS. 1.1 The Parties must meet as soon as practicable after the Commencement Date to negotiate in good faith to endeavour to agree the QR Network Performance Level and the Operator Performance Level within twelve (12) Months of the Commencement Date, which Performance Levels may involve financially based incentives and sanctions and, unless otherwise agreed, will be applicable for the Term. A failure to agree the Performance Levels is not a Dispute for the purposes of Clause 18.. Formatted: Font: Bold, Not All caps
Appears in 1 contract
Samples: Train Operations Agreement
