Reopening. Any Party may reopen negotiation of any long-term method or procedure once every five years after such method or procedure becomes effective and the Parties shall consider any modification proposed by such Party. Any modification to a long-term method or procedure shall be only by unanimous vote of all of the Parties. Any such modification made by May 1 of any Operating Year shall become effective at the later of (i) the beginning of the following Operating Year, and (ii) the time of any required regulatory and other approval or permission required to be effective.
Appears in 3 contracts
Sources: Coordination Agreement, Coordination Agreement, Coordination Agreement