Common use of Initial and Annual Update of Points of Service Schedule Clause in Contracts

Initial and Annual Update of Points of Service Schedule. To facilitate discussion of likely future usage at the Customer Points of Service, Transpower will: (a) within 20 Business Days of the Commencement Date, provide the Customer with a proposed Point of Service Schedule for the period up to 31 March in the following year. The proposed Point of Service Schedule will become Schedule 2 (Point of Service) unless within 50 Business Days after the Commencement Date any revised proposed Point of Service Schedule has been notified to the Customer in which case the revised proposed Point of Service Schedule will become Schedule 2 (Points of Service) as from that date; (b) prior to 31 December in each year, review and update the information in Schedule 2 (Points of Service) and provide the Customer with a proposed Points of Service Schedule for the 12 month period commencing on 1 April in the following year (a "proposed Points of Service Schedule"). The proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year unless prior to then any revised proposed Points of Service Schedule has been notified to the Customer in which case the revised proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year.

Appears in 4 contracts

Samples: Benchmark Agreement, Benchmark Agreement, Benchmark Agreement

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Initial and Annual Update of Points of Service Schedule. To facilitate discussion of likely future usage at the Customer Points of Service, Transpower will: (a) within 20 Business Days of the Commencement Date, provide the Customer with a proposed Point Points of Service Schedule for the period up to 31 March in the following year. The proposed Point Points of Service Schedule will become Schedule 2 (Point Points of Service) unless within 50 Business Days after the Commencement Date any revised proposed Point Points of Service Schedule has been notified to the Customer in which case the revised proposed Point Points of Service Schedule will become Schedule 2 (Points of Service) as from that date; (b) prior to 31 December in each year, review and update the information in Schedule 2 (Points of Service) and provide the Customer with a proposed Points of Service Schedule for the 12 month period commencing on 1 April in the following year (a "proposed Points of Service Schedule"). The proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year unless prior to then any revised proposed Points of Service Schedule has been notified to the Customer in which case the revised proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year.

Appears in 1 contract

Samples: Benchmark Agreement

Initial and Annual Update of Points of Service Schedule. To facilitate discussion of likely future usage at the Customer Points of Service, Transpower will: (a) within 20 Business Days of the Commencement Date, provide the Customer with a proposed Point Points of Service Schedule for the period up to 31 March in the following year. The proposed Point Points of Service Schedule will become Schedule 2 (Point Points of Service) unless within 50 Business Days after the Commencement Date any revised proposed Point Points of Service Schedule has been notified to the Customer in which case the revised proposed Point Points of Service Schedule will become Schedule 2 (Points of Service) as from that date; (b) prior to 31 December in each year, review and update the information in Schedule 2 (Points of Service) and provide the Customer with a proposed Points of Service Schedule for the 12 month period commencing on 1 April in the following year (a "proposed Points of Service Schedule")year. The proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year unless prior to then any revised proposed Points of Service Schedule has been notified to the Customer in which case the revised proposed Points of Service Schedule will become Schedule 2 (Points of Service) as from 1 April in the following year.

Appears in 1 contract

Samples: Default Transmission Agreement

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Initial and Annual Update of Points of Service Schedule. To facilitate discussion of likely future usage at the Customer Points of Service, Transpower will: (a) within 20 [20] Business Days of the Commencement Date, provide the Customer with a proposed Point of Service Schedule for the period up to 31 March in the following year. The proposed Point of Service Schedule will become Schedule 2 3 (Point of Service) unless within 50 [50] Business Days after the Commencement Date any revised proposed Point of Service Schedule has been notified to the Customer in which case the revised proposed Point of Service Schedule will become Schedule 2 3 (Points of Service) as from that date; (b) prior to 31 December in each year, review and update the information in Schedule 2 3 (Points of Service) and provide the Customer with a proposed Points of Service Schedule for the 12 month period commencing on 1 April in the following year (a "proposed Points of Service Schedule"). The proposed Points of Service Schedule will become Schedule 2 3 (Points of Service) as from 1 April in the following year unless prior to then any revised proposed Points of Service Schedule has been notified to the Customer in which case the revised proposed Points of Service Schedule will become Schedule 2 3 (Points of Service) as from 1 April in the following year.

Appears in 1 contract

Samples: Benchmark Agreement

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