Common use of Mandatory Modifications Clause in Contracts

Mandatory Modifications. It is the Parties’ intent under this Agreement that all of the Parties obtain net positive benefits from the coordination of their facilities over the term of this Agreement. The Parties recognize that their positions and the characteristics of the Coordinated System may change on account of, for example, additions of thermal generation and changes in load shape or periods of peak load demands. If such change has occurred and if the provisions of this Agreement no longer provide to the Parties and the Coordinated System optimum hydroelectric generation, the Parties shall modify this Agreement so as to accommodate such changes and to achieve optimum generation.

Mandatory Modifications. ‌ It is the Parties’ intent under this Agreement that all of the Parties obtain net positive benefits from the coordination of their facilities over the term of this Agreement. The Parties recognize that their positions and the characteristics of the Coordinated System may change on account of, for example, additions of thermal generation and changes in load shape or periods of peak load demands. If such change has have occurred and if the provisions of this Agreement no longer provide to the Parties and the Coordinated System optimum hydroelectric generation, the Parties shall modify this Agreement so as to accommodate such changes and to achieve optimum generation.

Mandatory Modifications. It is the Parties’ intent under this Agreement that all of the Parties obtain net positive benefits from the coordination of their facilities over the term of this Agreement. The Parties recognize that their positions and the characteristics of the Coordinated System may change on account of, for example, additions of thermal generation and changes in load shape or periods of peak load demands. If such change has have occurred and if the provisions of this Agreement no longer provide to the Parties and the Coordinated System optimum hydroelectric generation, the Parties shall modify this Agreement so as to accommodate such changes and to achieve optimum generation.