Fixed principle Sample Clauses
A Fixed Principle clause establishes a non-negotiable rule or standard within an agreement that must be adhered to by all parties. In practice, this clause sets out a specific requirement or condition—such as a minimum level of service, a fixed price, or a mandatory process—that cannot be altered or waived during the term of the contract. By embedding such a clause, the agreement ensures consistency and predictability, preventing disputes or attempts to renegotiate key terms, and thereby providing a stable foundation for the contractual relationship.
Fixed principle. Except for clause 12.1(h)(vi), the principle in clause 12.1 is a fixed principle (as provided for in Rule 99 of the National Gas Rules). This fixed principle remains in force for the Access Arrangement Period covered by this Access Arrangement. The principle is also fixed for the next two access arrangement periods. In this Access Arrangement: