Common use of MARKET PRICE ASSESSMENT Clause in Contracts

MARKET PRICE ASSESSMENT. (a) BPA shall procure, under separate agreement, the services of a market assessment consultant(s) to assess market prices of bulk transport services and provide reports to BPA. (b) BPA and XXX agree to equally share in the costs of procuring the services described above. (c) The market assessment consultant shall be responsible for acquiring quotes, calculating an average, and delivering market assessment reports to BPA at some planned interval, using the methodology agreed to by BPA and XXX. BPA and XXX shall within 120 calendar days from execution of this Agreement, make their best effort to agree to the methodology. (d) BPA agrees to allow XXX to participate in the development of the methodology for assessing market price(s) to be used under this Agreement. (e) XXX agrees to use the current data provided to BPA by the market assessment consultant as a basis for setting XXX Transport Service Value(s) for each XXX Transport Service, depending on when the XXX Transport Service is placed in service by XXX. The XXX Transport Service Value for any specific XXX Transport Service will remain in effect for a period of 36 months, after which the XXX Transport Service must be re-valued based on the current market assessment data. Contract No. 97TX-10072 (f) The agreed to methodology may be changed by mutual agreement of BPA and XXX.

MARKET PRICE ASSESSMENT. (a) BPA shall procure, under separate agreement, the services of a market assessment consultant(s) to assess market prices of bulk transport services and provide reports to BPA. (b) BPA and XXX agree to equally share in the costs of procuring the services described above. (c) The market assessment consultant shall be responsible for acquiring quotes, calculating an average, and delivering market assessment reports to BPA at some planned interval, using the methodology agreed to by BPA and XXX. BPA and XXX shall within 120 calendar days from execution of this Agreement, make their best effort to agree to the methodology. (d) BPA agrees to allow XXX to participate in the development of the methodology for assessing market price(s) to be used under this Agreement. (e) XXX agrees to use the current data provided to BPA by the market assessment consultant as a basis for setting XXX Transport Service Value(s) for each XXX Transport Service, depending on when the XXX Transport Service is placed in service by XXX. The XXX Transport Service Value for any specific XXX Transport Service will remain in effect for a period of 36 months, after which the XXX Transport Service must be re-valued based on the current market assessment data. Contract No. 97TX-10072. (f) The agreed to methodology may be changed by mutual agreement of BPA and XXX.

MARKET PRICE ASSESSMENT. (a) BPA shall procure, under separate agreement, the services of a market assessment consultant(s) to assess market prices of bulk transport services and provide reports to BPA. (b) BPA and XXX agree to equally share in the costs of procuring the services described above. (c) The market assessment consultant consultant(s) shall be responsible for acquiring quotes, calculating an average, and delivering market assessment reports to BPA at some planned interval, using the methodology agreed to by BPA and XXX. BPA and XXX shall shall, within 120 calendar days from execution of this Agreement, make their best effort to agree to the methodology. (d) BPA agrees to allow XXX to participate in the development of the methodology for assessing market price(s) to be used under this Agreement. (e) XXX agrees to use the current data provided to BPA by the market assessment consultant as a basis for setting XXX Transport Service Value(s) for each XXX Transport Service, depending on when the XXX Transport Service is placed in service by XXX. The XXX Transport Service Value for any specific XXX Transport Service will remain in effect for a period of 36 months, after which the XXX Transport Service must be re-valued based on the current market assessment data. Contract No. 97TX-10072. (f) The agreed agreed-to methodology may be changed by mutual agreement of BPA and XXX.