Common use of Recalculation Clause in Contracts

Recalculation. 5.1 If there is an increase or decrease during the Term in the cost or risk to LeasePlan of: (a) providing repair and maintenance services under Clause 4.1 as a result of kilometres driven being in excess of the number of kilometres per annum specified in the Schedule and on which the Monthly Rental is based; (b) keeping the Vehicle registered under Clause 4.2(b); (c) providing a roadside assistance service for the Vehicle and drivers of the Vehicle under Clause 4.2(c); (d) providing insurance for the Vehicle under Clause 12; (e) providing the Vehicle arising directly or indirectly from a change in, or the implementation of, any law or regulation or administrative direction or practice; (f) providing services to the Hirer as a result of the Hirer requesting additional or reduced services to be provided, LeasePlan has the irrevocable right to increase or decrease the Monthly Rental and will give one month’s written notice to the Hirer of its intention to so increase or decrease the Monthly Rental. 5.2 LeasePlan will annually perform a cost analysis and if a Vehicle’s annualised kilometre travel has or is forecast to differ from the kilometres specified in the Schedule, LeasePlan has the irrevocable right to increase or decrease any items which make up the Monthly Rental and will give one month’s written notice to the Hirer of such increase or decrease in the Monthly Rental, where the kilometre variance has resulted in increased or decreased costs or risks.