Common use of FRAMEWORK PRICES Clause in Contracts

FRAMEWORK PRICES. Variations in accordance with the provisions of this Framework Schedule 2 to the Framework Prices shall be made by the Authority to take effect: on the Indexation Adjustment Date where an adjustment is made in accordance with paragraph 3.1.3; or in accordance with Clause 31.3 where an adjustment is made in accordance with paragraph 3.1.1; or where the Supplier notifies the Authority in accordance with paragraph 3.2 (as applicable) that it is able to decrease the Framework Prices, on 1 September for assessments made as at 1 August and as at 1 March for assessments made on 1 February. On the first (1st) Day following the second (2nd) anniversary of the Commencement Date and each subsequent anniversary of such date, the Framework Prices, if a variation has been agreed pursuant to paragraph 4, may be varied by the application of the following formula: NC = EC * Z Where: NC is the New Charge; EC is the Existing Charge; and

FRAMEWORK PRICES. Variations in accordance with the provisions of this Framework Schedule 2 to the Framework Prices shall be made by the Authority to take effect: on the Indexation Adjustment Date where an adjustment is made in accordance with paragraph 3.1.34.1.3; or in accordance with Clause 31.3 30.3 where an adjustment is made in accordance with paragraph 3.1.14.1.1; or where the Supplier notifies the Authority in accordance with paragraph 3.2 4.2 (as applicable) that it is able to decrease the Framework Prices, on 1 September June for assessments made as at 1 August May and as at 1 March January for assessments made on 1 FebruaryDecember. On the first (1st) Day following the second (2nd) anniversary of the Commencement Date and each subsequent anniversary of such date, the Framework Prices, if a variation has been agreed pursuant to paragraph 4, may Prices shall be varied by the application of the following formula: NC = EC * Z Wherewhere: NC is the New Charge; EC is the Existing Charge; and