Common use of PANEL PRICES Clause in Contracts

PANEL PRICES. Variations in accordance with the provisions of this Panel Agreement Schedule 3 to all or part the Panel Prices (as the case may be) shall be made by the Authority to take effect: in accordance with Clause 19.2 (Legislative Change) where an adjustment to the Panel Prices is made in accordance with paragraph 6.1.1 of this Panel Agreement Schedule; in accordance with paragraph 3.3.3 and 4.3 of Panel Agreement Schedule 12 (Continuous Improvement and Benchmarking) where an adjustment to the Panel Prices is made in accordance with paragraph 6.1.2 of this Panel Agreement Schedule 3; or on the Indexation Adjustment Date where an adjustment to the Panel Prices is made in accordance with paragraph 6.1.3 of this Panel Agreement Schedule 3. and the Parties shall amend the Panel Prices shown in Annex 1 to this Panel Agreement Schedule 3 to reflect such variations.