Common use of Mandatory Enhancements Clause in Contracts

Mandatory Enhancements. The Provider has planned for the development and implementation of the agreed mandatory enhancements to the system as specified in schedule 4 of the agreement. The system component of the Monthly Fee set out above includes the provision by the Provider for these enhancements. To the extent one or more of the mandatory enhancements is not supplied by 1 September 2018 the fees will be reduced by a rebate calculated in accordance with clause 7 (Changes) of this agreement, but the reduction will be at least the cost assigned to the applicable mandatory enhancement(s) detailed in schedule 4 adjusted by the ratio of the CPI for March 2018 divided by the CPI index for March 2016.

Appears in 9 contracts

Samples: Market Operator Service Provider Agreement, Market Operator Service Provider Agreement, Market Operator Service Provider Agreement

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