Common use of Baseline Validation Clause in Contracts

Baseline Validation. Baseline Validation will commence once the final Process Take On Date has occurred and prior to [***]* to establish the actual Baseline to be used for the remaining term of the Country Agreement. Baseline Validation will establish the Baseline and resultant Base Charge to be applied following the Guaranteed Minimum Savings Date. The Baseline Validation shall cover those items included in the Due Diligence Exercise as well as other costs or items the are identified subsequent to the Due Diligence Exercise. Baseline Validation shall also include validation of the remaining Client HR Costs including the merger and harmonisation costs associated with BP and Amoco. Exult shall have the option to carry out an audit at its own cost on the Client HR Costs established during Baseline Validation. Any disagreements about the findings of this audit may be referred to an Expert pursuant to Clause 24.2 of the Framework Agreement (Dispute Resolution Procedure).