VARIATION OF THE FRAMEWORK PRICES Sample Clauses

The 'Variation of the Framework Prices' clause establishes the conditions under which the prices set out in a framework agreement may be adjusted during its term. Typically, this clause outlines the process for requesting price changes, such as requiring written notice, specifying permissible reasons for variation (like changes in market rates or inflation), and setting limits or review periods for adjustments. Its core practical function is to provide a structured mechanism for updating prices in response to changing economic circumstances, thereby ensuring fairness and flexibility for both parties while maintaining contractual certainty.
VARIATION OF THE FRAMEWORK PRICES. 3.1 The Framework Prices shall only be varied: 3.1.1 due to a Specific Change in law in relation to which the Parties agrees that a change is required to all or part of the Framework Prices in accordance with Clause 32.2 of the Framework Agreement;‌ 3.1.2 where the Supplier is obliged to make a reduction in all or part of the Framework Prices in accordance with Paragraph 3.2 below; 3.1.3 where a review of the Framework Prices is held in accordance with the provisions of paragraphs 4 or 5 of this Framework Schedule 3; or‌ 3.1.4 where there are amendments to Specifications in accordance with Paragraph 2.3 and 2.4 of Framework Schedule 1 3.2 Subject to clause 3.3, during the Term on the dates specified at paragraph‌
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VARIATION OF THE FRAMEWORK PRICES. 1The Framework Prices shall only be varied:
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Related to VARIATION OF THE FRAMEWORK PRICES

  • Variation of the contract The parties undertake not to vary or modify the Clauses. This does not preclude the parties from adding clauses on business related issues where required as long as they do not contradict the Clause.

  • Implementation of Changes If Tenant: (i) approves in writing the cost or savings and the estimated extension in the time for completion of Landlord’s Work, if any, and (ii) deposits with Landlord any Excess TI Costs required in connection with such Change, Landlord shall cause the approved Change to be instituted. Notwithstanding any approval or disapproval by Tenant of any estimate of the delay caused by such proposed Change, the TI Architect’s determination of the amount of Tenant Delay in connection with such Change shall be final and binding on Landlord and Tenant.

  • VARIATION OF TERMS AND CONDITIONS The Bank may at any time amend or vary any of these terms and conditions governing the operation or use of the TBS. The Bank shall notify the Account Holder of any changes. If the Account Holder continues to use or operate the TBS after the Bank has given such notice of change, the Account Holder shall be deemed to have accepted and agreed to such changes without reservation.

  • Definition of Change of Control For purposes of this Agreement, “Change of Control” shall mean:

  • Description of Change in Terms A. Modification(s)