Common use of Review Clause Clause in Contracts

Review Clause. 37.1 This Agreement is valid from date of commencement and terminate 60 months after the start date (estimated at 14 October 2027). This Agreement shall be reviewed once every three years; however, in lieu of a review during any period specified, the current Agreement will remain in effect. The purchaser reserves the right to reduce or increase the scope of works according to the dictates of the budget, to terminate this contract, and/or to review and terminate this contract as is contemplated in Section 116(1)(b)(iii) of the Local Government: Municipal Finance Management Act 56 of 2003, without adjustment to the agreed rates, sums or fees and without payment of any penalty or surcharge in this regard. The supplier shall however be entitled to pro-rata payment for all services carried out in terms of any adjustment to the Scope of Work or, in the case of termination, payment for good delivered.

Appears in 2 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement

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Review Clause. 37.1 39.1 This Agreement is valid for a period from date of commencement and terminate 60 months after the start date (estimated at 14 October 2027)of contract, not prior to 1 July 2024 until 30 June 2029. This Agreement shall be reviewed once every three years; however, in lieu of a review during any period specified, the current Agreement will remain in effect. The purchaser reserves the right to reduce or increase the scope of works according to the dictates of the budget, to terminate this contract, and/or to review and terminate this contract as is contemplated in Section 116(1)(b)(iii) of the Local Government: Municipal Finance Management Act 56 of 2003, without adjustment to the agreed rates, sums or fees and without payment of any penalty or surcharge in this regard. The supplier shall however be entitled to pro-rata payment for all goods and/or services carried out in terms of any adjustment to the Scope of Work or, in the case of termination, payment for good delivered.

Appears in 1 contract

Samples: Memorandum of Agreement

Review Clause. 37.1 39.1 This Agreement is valid from the commencement date of commencement and terminate 60 months after the start date (estimated at 14 October until 30 June 2027). This Agreement shall be reviewed once every three years; however, in lieu of a review during any period specified, the current Agreement will remain in effect. The purchaser reserves the right to reduce or increase the scope of works according to the dictates of the budget, to terminate this contract, and/or to review and terminate this contract as is contemplated in Section 116(1)(b)(iii) of the Local Government: Municipal Finance Management Act 56 of 2003, without adjustment to the agreed rates, sums or fees and without payment of any penalty or surcharge in this regard. The supplier shall however be entitled to pro-rata payment for all services carried out in terms of any adjustment to the Scope of Work or, in the case of termination, payment for good delivered.. DRAFT

Appears in 1 contract

Samples: Memorandum of Agreement

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Review Clause. 37.1 43.1 This Agreement is valid for a period from date of commencement and terminate 60 months after the start date (estimated at 14 October 2027)not prior to 01 July 2024) to 30 June 2034. This Agreement shall be reviewed once every three years; however, in lieu of a review during any period specified, the current Agreement will remain in effect. The purchaser reserves the right to reduce or increase the scope of works according to the dictates of the budget, to terminate this contract, and/or to review and terminate this contract as is contemplated in Section 116(1)(b)(iii) of the Local Government: Municipal Finance Management Act 56 of 2003, without adjustment to the agreed rates, sums or fees and without payment of any penalty or surcharge in this regard. The supplier shall however be entitled to pro-rata payment for all goods and/or services carried out in terms of any adjustment to the Scope of Work or, in the case of termination, payment for good delivered.

Appears in 1 contract

Samples: Memorandum of Agreement

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