Common use of PRICE REVISION Clause in Contracts

PRICE REVISION. The total amount referred to in the Article I.3.1 shall be fixed and not subject to revision during the first year of performance of the contract. At the beginning of the second and every following year of the contract, the amount(s) may be revised upwards or downwards, if such revision is requested by one of the parties in writing no later than three months before the anniversary of the date on which the contract was signed. The other party shall acknowledge receipt within 15 days of reception of the request for price revision. The new prices shall be communicated in writing as soon as the final index is available. The revision shall be determined by any change resulting from the “EUROSTAT (All-Items HICP- Italy)”. The EUROSTAT index of reference for the revision is the “Harmonised index of consumer prices”. The most recent “Harmonised index of consumer prices” published before the request shall be used for the re-evaluation. In the case whereby the revaluation request is received after the annual expiration date, the same will be granted with effect from the date of receipt of the request.

PRICE REVISION. The total amount referred to in the Article I.3.1 shall be fixed and not subject to revision during the first year of performance of the contractFWC. At the beginning of the second and every following year of the contract, the amount(s) may be revised upwards or downwards, if such revision is requested by one of the parties in writing no later than three months before the anniversary of the date on which the contract FCW was signed. The other party shall acknowledge receipt within 15 days of reception of the request for price revision. The new prices shall be communicated in writing as soon as the final index is available. The revision shall be determined by any change resulting from the “EUROSTAT (All-Items HICP- Italy)”EUROSTAT” index of reference. The EUROSTAT index of reference for the revision is the “Harmonised index of consumer prices”. The most recent “Harmonised index of consumer prices” published before the request shall be used for the re-evaluation. In the case whereby the revaluation request is received after the annual expiration date, the same will be granted with effect from the date of receipt of the request.

PRICE REVISION. The total amount referred to in the Article I.3.1 shall be fixed and not subject to revision during the first year of performance of the contractFWC. At the beginning of the second and every following year of the contract, the amount(s) may be revised upwards or downwards, if such revision is requested by one of the parties in writing no later than three months before the anniversary of the date on which the contract FCW was signed. The other party shall acknowledge receipt within 15 days of reception of the request for price revision. The new prices shall be communicated in writing as soon as the final index is available. The revision shall be determined by any change resulting from the “EUROSTAT (All-Items HICP- Italy)”EUROSTAT” index of reference. The EUROSTAT index of reference for the revision is the “Harmonised index of consumer prices”. The most recent “Harmonised index of consumer prices” published before the request shall be used for the re-evaluation. In the case whereby the revaluation request is received after the annual expiration date, the same will be granted with effect from the date of receipt of the request.. ARTICLE I.4 - P