Duration IPR. The following provisions apply to Duration IPRs: 1. The Contractor may offer individual price reductions that require term commitments. Duration IPRs shall be used to reduce pricing and establish Customer duration commitments; 2. Acceptance of any solicitation or offer from the Contractor shall be at the sole discretion of the Customer; 3. The Duration IPR service rate(s) shall continue in effect from the date of IPR approval by the PSE Customer, through the remainder of the Contract Term; 4. The duration of a Duration IPR shall not exceed the Contract Term; and, 5. After the Duration IPRA term commitment has been met, the PSE Customer can cancel services without being subject to early termination charges. In the event that a Customer elects to terminate service(s) prior to the term commitment date for reasons other than (1) a Contractor default, or (2) circumstances outside such Customer’s reasonable control, such Customer shall be liable to the Contractor for an early termination of the Duration IPRA. The amount owed shall be calculated based on the following: a. Monthly difference in the original contract rate and the Duration IPR rate multiplied by the number of months the service was used under the Duration IPRA; b. Ten percent (10%) of the original Contract Rate multiplied by the number of months used under the Duration IPR; and, c. Any unrecovered nonrecurring charges owed to the Contractor on the date of termination.
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Duration IPR. The following provisions apply to Duration IPRs:
1. The Contractor may offer individual price reductions that require term commitments. Duration IPRs shall be used to reduce pricing and establish Customer duration commitments;
2. Acceptance of any solicitation or offer from the Contractor shall be at the sole discretion of the Customer;
3. The Duration IPR service rate(s) shall continue in effect from the date of IPR approval by the PSE Customer, through the remainder of the Contract Term;
4. The duration of a Duration IPR shall not exceed the Contract Term; and,
5. After the Duration IPRA term commitment has been met, the PSE Customer can cancel services without being subject to early termination charges. In the event that a Customer elects to terminate service(s) prior to the term commitment date for reasons other than (1) a Contractor default, or (2) circumstances outside such Customer’s reasonable control, such Customer shall be liable to the Contractor for an early termination of the Duration IPRA. The amount owed shall be calculated based on the following:
a. Monthly difference in the original contract rate and the Duration IPR rate multiplied by the number of months the service was used under the Duration IPRA;
b. Ten percent (10%) of the original Contract Rate multiplied by the number of months used under the Duration IPR; and,
c. Any unrecovered nonrecurring charges owed to the Contractor on the date of termination.termination.
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