Common use of Benchmarking Review Clause in Contracts

Benchmarking Review. Beginning on the second anniversary of the Master Agreement Effective Date and no more frequently than once every 18 months with regard to a Services Agreement thereafter (such 18 months period commencing from the completion of the immediately prior Benchmarking), TXU may engage the services of an independent third party (a "Benchmarker"), as agreed upon by both Parties, to compare the quality and cost of all or any reasonable aggregation of the Services (consistent with the overall structuring of the relationship between the parties, as reflected in the Transaction Agreements) against the quality and cost of service providers performing similar services to ensure that TXU is receiving from Vendor pricing and levels of service that are competitive with market rates, prices and service levels, given the nature, volume and type of Services provided by Vendor under this Agreement ("Benchmarking").

Benchmarking Review. Beginning on the second anniversary of the Master Agreement Effective Date and no more frequently than once every 18 months with regard to a Services Agreement thereafter (such 18 months period commencing from the completion of the immediately prior Benchmarking), TXU Oncor may engage the services of an independent third party (a "Benchmarker"), as agreed upon by both Parties, to compare the quality and cost of all or any reasonable aggregation of the Services (consistent with the overall structuring of the relationship between the parties, as reflected in the Transaction Agreements) against the quality and cost of service providers performing similar services to ensure that TXU Oncor is receiving from Vendor pricing and levels of service that are competitive with market rates, prices and service levels, given the nature, volume and type of Services provided by Vendor under this Agreement ("Benchmarking").