Common use of Change to Services Clause in Contracts

Change to Services. In relation to any proposed Change involving a Change to the Services, if the proposed Change to the Services would result in the LCH providing a service which the Parties agree was provided by LCH as at the date of this Agreement (but not specified in Schedule 1 for whatsoever reason), LCH shall approve the proposed Change, and the Parties shall agree to whom that Service is provided, and shall agree to amend Schedule 1 (including sub-paragraph 1.2 of Schedule 1) accordingly. 1.1 The principal point of contact between the IPE and LCH in relation to issues arising out of the performance of the Services will be the IPE Contract Manager and the LCH Contract Manager. Either Party acting reasonably may change the identity of their respective representative at any time by prior written notice to the other Party. 1.2 Unless the IPE otherwise agrees, LCH shall ensure that the LCH Contract Manager does not undertake any work for LCH or any Group Company of LCH on any Energy Products other than provision of services to the IPE Group. 1.3 Meetings between the IPE Contract Manager and the LCH Contract Manager will take place regularly but no less than six times per calendar year. Such meetings will be held to discuss the day-to-day operational issues arising out of the provision of the Services, and any issues which may require escalation to the next meeting of the IPE/LCH Liaison Committee. 1.4 In the event that an issue requires to be escalated to the IPE/LCH Liaison Committee, the IPE Contract Manager and the LCH Contract Manager shall work together to prepare such reports as may be appropriate for submission to the. IPE/LCH Liaison Committee.

Appears in 2 contracts

Sources: Clearing Services Agreement (Intercontinentalexchange Inc), Clearing Services Agreement (Intercontinentalexchange Inc)