Common use of FAST-TRACK CHANGES Clause in Contracts

FAST-TRACK CHANGES. The Parties acknowledge to ensure operational efficiency that there may be circumstances where it is desirable to expedite the processes set out above. If both Parties agree in relation to a proposed Contract Change that: the Contract Change does not involve any alteration to, or deviation from the contractual principles set out in this Contract; and the total number of Contract Changes in relation to which this fast track procedure has been applied does not exceed four (4) in any twelve (12) month period (or such higher number as the Parties may from time to time agree in writing); and the proposed Contract Change is not significant (as determined by the Purchaser acting reasonably), then the Parties shall confirm to each other in writing that they shall use the process set out in paragraphs 2, 3, 4, 5 and 6 above but with reduced timescales, such that any period of fifteen (15) Working Days is reduced to five (5) Working Days, any period of ten (10) Working Days is reduced to two (2) Working Days and any period of five (5) Working Days is reduced to one (1) Working Day. The parameters set out in paragraph 7.2 may be revised from time to time by agreement between the Parties in writing.