Common use of ADJUSTMENT OF CONTRACT CHARGES Clause in Contracts

ADJUSTMENT OF CONTRACT CHARGES. The Contract Charges shall only be varied: due to a Specific Change in Law in relation to which the Parties agree that a change is required to all or part of the Contract Charges in accordance with Clause 13.1 to 13.2 of this Contract (Legislative Change); or and/ or in accordance with DMP Schedule 3 (DMP Prices and Charging structure), Part A Pricing Matrix Quarterly Adjustment Schedule. ANNEX 1: CONTRACT CHARGES The contract Charges are as set out in the Contract Order Form. Where applicable, ESFA funding rules and funding bands apply. ANNEX 2: PAYMENT TERMS/PROFILE Payment by the customer to be made in accordance with the applicable and in force ESFA funding rules. Where the Contract Charges exceed the ESFA funding bands and the Customer is required to make additional payment (as set out in the Contract Order Form)_the Supplier will issue a monthly invoice, detailing spend and costs incurred to date. Payments in addition to the ESFA funding (for the provision of additional services) will be settled up front and within the first month of the Contract. Each monthly invoice will contain the following: The precise amount the Supplier has drawn down from the Customer’s ESFA apprenticeship service account for that month and cumulatively. Any balance outstanding (representing fees in excess of the ESFA funding band and costs of any additional services). Order and contract reference details. CONTRACT SCHEDULE 4: SECURITY In this Contract Schedule 4, the following definitions shall apply: