Common use of Either of the Parties Clause in Contracts

Either of the Parties. who believes that the economic-financial balance of the Contract has been affected may request the restoration thereof when the percentage established in Clause 15.6 has been reached, sending a written proposal to the other Party with sufficient support for the solutions and procedures to be followed for its restoration. The copy of the request shall be submitted to the OSINERGMIN, so that it may issue a technical/economic opinion regarding the request within twenty (20) Days, which shall then be evaluated by the GRANTOR, without said opinion be binding upon it. The Party receiving the request shall respond to it within thirty (30) Days. In the event any objections are raised, they shall be absolved within a term not to exceed thirty (30) Days after receipt of the notice, and the pronouncement shall be communicated within the following thirty

Appears in 2 contracts

Sources: Concession Contract, Concession Contract