Operating Objectives, Changes Sample Clauses
The "Operating Objectives, Changes" clause defines the goals and standards that guide the ongoing operations under an agreement, while also establishing a process for modifying those objectives as circumstances evolve. Typically, this clause outlines how parties can propose changes to operational targets, performance metrics, or procedures, and may specify requirements for mutual consent or written notice before any adjustments take effect. Its core practical function is to provide flexibility and adaptability in the management of the agreement, ensuring that both parties can respond to changing needs or unforeseen developments without undermining the contract’s overall intent.
Operating Objectives, Changes. The Parties have agreed to certain operating protocols under this Agreement to ensure system reliability and efficient market operations as systems exist and are contemplated as of the Effective Date. The Parties expect that these systems and the operating protocols applicable to these systems will change upon the startup of Phase 3, Market to Market implementation. The operating objectives of this Agreement can be fulfilled efficiently and economically only if the Parties, from time to time, review and as appropriate revise the requirements stated herein in response to such changes, including deleting, adding, or revising requirements and protocols. Prior to the initiation of Phase 3, the Parties will develop a Phase 3 White Paper containing protocols to achieve the following objectives:
Operating Objectives, Changes. The operating objectives of this Agreement can be fulfilled efficiently and economically only if the Parties, from time to time, review and as appropriate revise the requirements stated herein in response to such changes, including deleting, adding, or revising the Protocols (Attachments A and B) and the business practices. The Parties agree to cooperate and negotiate in good faith to amend this Agreement as necessary to achieve its objectives.