Implementation of Adjustments Sample Clauses
The "Implementation of Adjustments" clause defines the process by which changes or modifications to an agreement, such as pricing, deliverables, or timelines, are formally enacted. Typically, this clause outlines the steps required for both parties to agree on and document any adjustments, which may include written notices, approvals, or updated schedules. Its core practical function is to ensure that any necessary changes are handled in an orderly and transparent manner, reducing the risk of misunderstandings or disputes over contract modifications.
Implementation of Adjustments. The Parties will determine each Benchmark Retail Price - [***] to be used to calculate the [***] and calculate the [***] within 30 days of each Benchmark Date. Any adjustments under this Section 2.1.5 will be prospective only and will be effective as of the first day of the first full billing cycle following the applicable Benchmark Date. For the Benchmark Dates that occur before the twelve (12) month anniversary of the In Service Date, any downward adjustment, if any, under Section 2.1.5 will not be applied until the end of such period, at which time, any such downward adjustments calculated during such period will be effective as of the first day of the first full billing cycle following the end of such period. For avoidance of doubt, the In Service Date is triggered by Purchaser’s commercial launch of services using the PCS Service, but not by any testing or trials.
Implementation of Adjustments. A Reservoir Party shall only make adjustments that can be accommodated by the other Reservoir Parties as follows. When a Reservoir Party makes an adjustment in any of its reservoirs’ regulations, each of the other Reservoir Parties shall, to the extent permitted by the above limitations and within its reservoir(s) operating requirements, make corresponding adjustments in (each of) its reservoir’s(s’) regulation(s) so that the Coordinated System’s energy capability, less all energy reserves, equals the EAEL of the Coordinated System in every Period. Such adjustments shall be prorated among the Reservoir Parties in proportion to their Indicated Import or Indicated Export of energy as determined in the Modified Regulation. Each Reservoir Party shall make all necessary compensating adjustments such that (each of) its reservoir(s) shall be at the elevations indicated in the Modified Regulation for April 1 of each year of the Critical Period or, if such Critical Period ends in the Operating Year for which such adjustments apply, by the end of the Critical Period.
Implementation of Adjustments. The Parties will determine each Benchmark Retail Price – [***] to be used to calculate the [***] and calculate the [***] within 30 days of each Benchmark Date. Any adjustments under this Section 2.1.5 will be prospective only and will be effective as of the first day of the first full billing cycle following the applicable Benchmark Date. For the Benchmark Dates that occur before the twelve (12) month anniversary of the In Service Date, any downward adjustment, if any, under Section 2.1.5 will not be applied until the end of such period, at which time, any such downward adjustments calculated during such period will be effective as of the first day of the first full billing cycle following the end of such period. For avoidance of doubt, the In Service Date is triggered by Purchaser’s commercial launch of services using the PCS Service, but not by any testing or trials. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Implementation of Adjustments. (a) As soon as practicable following the final determination of the BEC Group Adjustment Amount and the Energy Plus Group Adjustment Amount:
(i) Brantford shall send a redemption notice to Amalco Holdco in accordance with the redemption terms attached to its Class B Special Shares (excluding its Class D Special Shares, the redemption of which shall be governed by Section 2.6(a)(iv)) if the BEC Group Adjustment Amount as a percentage of the BEC Group Valuation Amount is higher than the Energy Plus Group Adjustment Amount as a percentage of the Energy Plus Group Valuation Amount. Such redemption notice shall notify ▇▇▇▇▇▇ ▇▇▇▇▇▇ of Brantford’s intention to redeem the Class B Special Shares it holds in Amalco Holdco. Amalco Holdco, in accordance with the redemption terms applicable to the Class B Special Shares, shall pay to Brantford, and Brantford shall be entitled to receive from Amalco Holdco, the Net Adjustment Amount. In this situation, Cambridge and North Dumfries shall each send a redemption notice to Amalco Holdco in accordance with the redemption terms applicable to the Class A Special Shares, notifying Amalco Holdco of their intention to have their Class A Special Shares redeemed for the price of $1.00, in the aggregate.
(ii) Cambridge and North Dumfries shall send a redemption notice to Amalco Holdco in accordance with the redemption terms attached to their Class A Special Shares (excluding their Class C Special Shares, the redemption of which shall be governed by Section 2.6(a)(iii)) if the Energy Plus Group Adjustment Amount as a percentage of the Energy Plus Group Valuation Amount is higher than the BEC Group Adjustment Amount as a percentage of the BEC Group Valuation Amount. Such redemption notice shall notify Amalco Holdco of Cambridge and North Dumfries’ intention to redeem the Class A Special Shares each holds in Amalco Holdco. ▇▇▇▇▇▇ ▇▇▇▇▇▇, in accordance with the redemption terms applicable to the Class A Special Shares, shall pay to Cambridge and North Dumfries, and Cambridge and North Dumfries shall be entitled to receive from Amalco Holdco, the Net Adjustment Amount. In this situation, Brantford shall send a redemption notice to Amalco Holdco in accordance with the redemption terms applicable to the Class B Special Shares, notifying Amalco Holdco of its intention to have its Class B Special Shares redeemed for the price of $1.00, in the aggregate.
(iii) Cambridge and North Dumfries shall send a redemption notice to ▇▇▇▇▇▇ ▇▇▇▇▇▇ in ac...
Implementation of Adjustments. The Parties will determine each Benchmark Retail Price [***] to be used to calculate the [***] and calculate the [***] within 30 days of each Benchmark Date. Any adjustments under this Section 2.1.5 will be prospective only and will be effective as of the first day of the first full billing cycle following the applicable Benchmark Date.