Common use of Price Revisions Clause in Contracts

Price Revisions. Where gas distributor-consolidated billing is in a rate-ready form, the Gas Vendor may increase or decrease the price applicable to its customer, provided that any such increase or decrease is made only, (a) once a month; and, (b) by the Gas Vendor notifying the Gas Distributor of the particulars of such increase or decrease, including the customer to which the change applies and the new price applicable. Each increase or decrease effected pursuant to this section shall become effective on the relevant date identified in the relevant STR.

Price Revisions. Where gas distributor-consolidated distributor‐consolidated billing is in a rate-ready rate‐ready form, the Gas Vendor may increase or decrease the price applicable to its customer, provided that any such increase or decrease is made only, (a) once a month; and, (b) by the Gas Vendor notifying the Gas Distributor of the particulars of such increase or decrease, including the customer to which the change applies and the new price applicable. Each increase or decrease effected pursuant to this section shall become effective on the relevant date identified in the relevant STR.