Common use of Infrastructure lifecycle maintenance Clause in Contracts

Infrastructure lifecycle maintenance. The Provider has planned for infrastructure lifecycle maintenance, and the infrastructure component of the Monthly Fee set out above includes the cost of this maintenance. The amount included for the infrastructure of the four market operations service provider agreements (WITS manager, Pricing Manager, Reconciliation Manager, and Clearing Manager) is $680,000. If the Provider has not proceeded with infrastructure lifecycle maintenance to the full value of $680,000 (indexed by CPI) by 1 July 2024, then the fees will be reduced by a rebate equal to the difference between $680,000 (increased by the ratio of the CPI for March 2024 divided by the CPI index for March 2016) and the actual amount spent on infrastructure lifecycle maintenance. If the cost of the infrastructure maintenance exceeds $680,000, the Provider will bear the cost of the excess.

Infrastructure lifecycle maintenance. The Provider has planned for infrastructure lifecycle maintenance, and the infrastructure component of the Monthly Fee set out above includes the cost of this maintenance. The amount included for the infrastructure of the four market operations service provider agreements (WITS manager, Pricing Manager, Reconciliation Manager, and Clearing Manager) is $680,000. If the Provider has not proceeded with infrastructure lifecycle maintenance to the full value of $680,000 (indexed by CPI) by 1 July 20242020, then the fees will be reduced by a rebate equal to the difference between $680,000 (increased by the ratio of the CPI for March 2024 2020 divided by the CPI index for March 2016) and the actual amount spent on infrastructure lifecycle maintenance. If the cost of the infrastructure maintenance exceeds $680,000, the Provider will bear the cost of the excess.