Common use of Ongoing Review and Revisions Clause in Contracts

Ongoing Review and Revisions. MISO and SPP will use this Joint Operating Agreement, to the extent applicable, for the coordination of Transmission Service Provider, BA, RC and other functions for which they may have registered in the NERC Compliance Registry. The Parties have agreed to the coordination and exchange of data and information under this Agreement to ensure system reliability and efficient market operations as systems exist and are contemplated as of the Effective Date. The Parties expect that these systems and technology applicable to these systems and to the collection and exchange of data will change from time to time throughout the term of this Agreement. The Parties agree that the objectives of this Agreement can be fulfilled efficiently and economically only if the Parties, from time to time, review and as appropriate revise the requirements stated herein in response to such changes, including deleting, adding, or revising requirements and protocols. Each Party will negotiate in good faith in response to such revisions the other Party may propose from time to time.

Ongoing Review and Revisions. MISO Midwest ISO and SPP will use this Joint Operating Agreement, to the extent applicable, for the coordination of Transmission Service Provider, BA, RC and other functions for which they may have registered in the NERC Compliance Registry. The Parties have agreed to the coordination and exchange of data and information under this Agreement to ensure system reliability and efficient market operations as systems exist and are contemplated as of the Effective Date. The Parties expect that these systems and technology applicable to these systems and to the collection and exchange of data will change from time to time throughout the term of this Agreement. The Parties agree that the objectives of this Agreement can be fulfilled efficiently and economically only if the Parties, from time to time, review and as appropriate revise the requirements stated herein in response to such changes, including deleting, adding, or revising requirements and protocols. Each Party will negotiate in good faith in response to such revisions the other Party may propose from time to time.