MFN ASSURANCE Sample Clauses

MFN ASSURANCE. At all times during the Term, in the event PSINet or any of its Affiliates enters into a new or renewal agreement or understanding pursuant to which PSINet charges any customer a lower price for any of the individual service components comprising the Services than the then-current Benchmark Price under this Agreement (i) PSINet shall notify IXC promptly of such event, and (ii) Appendix 1 to Schedule 7.1 shall automatically and retroactively be modified as of the effective date of any such lower price to reflect such lower Benchmark Price. Such lower Benchmark Price shall be in effect only for so long as that price is in effect or offered to any customer and, subject to Section 7.3.1, the Benchmark Price shall return to its immediately previous rate upon termination of such period. Nothwithstanding anything in this Agreement to the contrary, in the event that there should be an increase in a Benchmark Price due to the expiration or termination of a lower Benchmark Price, such incresed Benchmark Price shall not be effective against IXC unitl PSINet has provided IXC with at least 60 days' prior written notice of such increase.