NEW TECHNOLOGY PARTS Clause Samples

NEW TECHNOLOGY PARTS. GEII may, from time to time in the performance of its scope of work under this Agreement, develop and/or utilize improved Parts which are not commercially available on the Effective Date. It is anticipated that GEII may do so in an effort to extend parts' lives and/or increase the interval between certain Planned Maintenance Outages and/or improve Covered Unit performance. If GEII has available new part designs, MCV may request such new part designs from GEII for Covered Parts. If the original part design is also made available to MCV by GEII, MCV shall pay for the new part design at the then current price differential between the new and original part design. If the original part is no longer available, the new part shall be supplied at no additional cost to MCV. If MCV makes available to GE an upgraded design for a Covered Part and requests that GEII make use of this part in the fulfillment of GEII's obligations under this Agreement, GEII and MCV shall mutually agree to appropriate modifications to this Agreement.