Common use of Increase in Charges Clause in Contracts

Increase in Charges. Amadeus or the Amadeus NMC, as applicable, may increase charges by no more than 5% per annum and upon 30 days prior notice. Further, charges may be adjusted upon 6 months prior notice to cover solely: (i) increases in the costs (i.e., no ▇▇▇▇-up or profit margin) of products or services provided to Amadeus or the Amadeus NMC by third parties that are made available to EBOOKERS Locations under this Agreement, and (ii) reasonable costs necessary for Amadeus or the Amadeus NMC to comply with any industry regulation or law affecting the products and services provided under this Agreement. No amendment to this Agreement is necessary to reflect such increases, unless EBOOKERS so requests. Amadeus will provide supporting documentation to EBOOKERS as necessary to justify such increase, including granting EBOOKERS the right to an independent audit of Amadeus’ applicable records relating to such cost increases.

Increase in Charges. Amadeus or the Amadeus NMC, as applicable, may increase charges by no more than 5% per annum and upon 30 days prior notice. Further, Further charges may be adjusted upon 6 months prior notice to cover solely: (i) increases in the costs (i.e., no ▇▇▇▇-up or profit margin) of products or services provided to Amadeus or the Amadeus NMC by third parties that are made available to EBOOKERS Locations under this Agreement, and (ii) reasonable costs necessary for Amadeus or the Amadeus NMC to comply with any industry regulation or law affecting the products and services provided under this Agreement. No amendment to this Agreement is necessary to reflect such increases, unless EBOOKERS so requests. Amadeus will provide supporting documentation to EBOOKERS as necessary to justify such increase, including granting EBOOKERS the right to an independent audit of Amadeus’ applicable records relating to such cost increases.