Agreed Performance Levels definition
Examples of Agreed Performance Levels in a sentence
The Agreed Performance Levels will be binding on the Parties Oon and from the date the agreed Performance Levels are implemented agreed by the Parties or determined by an Expert, and the Parties must monitor, record and assess the performance of their respective obligations under this agreement against the Agreed Performance Levels.
A failure to reach agreement in relation to an Agreed Performance Levels is a Dispute for the purposes of clause 19, and must be referred for determination by an Expert in accordance with clause 19.3 of this agreement (subject to any other dispute resolution process otherwise agreed by the Parties to the Dispute (in each Party’s absolute discretion)).
A failure to agree thereach agreement in relation to an Agreed Performance Levels by the Parties is a Dispute for the purposes of clause 19, and must be referred for determination by an Expert in accordance with clause 19.3 of this agreement (subject to any other dispute resolution process otherwise agreed by the Parties to the Dispute (in each Party’s absolute discretion)).
The Parties’ Agreed Performance Levels may involve financially based incentives and sanctions and, unless otherwise agreed, will be applicable for the Term.
The Parties must, if requested by another Party, meet as soon as practicable after the Commencement Date to negotiate in good faith to endeavour to agree additional pPerformance Llevels and the reporting regime (other than the Performance Levels Indicators set out in clause 6.7(a)) (Agreed Performance Levels) and the associated reporting regime (Performance Level Reporting Regime) within 12 months (or such longer period as the Parties may agree (acting reasonably)) after the Commencement Date.
The Parties must, if requested by another Party, meet as soon as practicable after the Commencement Date to negotiate in good faith to endeavour to agree additional performance levels (other than the Performance Indicators set out in clause 6.7(a)) (Agreed Performance Levels) and the associated reporting regime (Performance Level Reporting Regime) within 12 months (or such longer period as the Parties may agree (acting reasonably)) after the Commencement Date.
The Agreed Performance Levels will be binding on the Parties on and from the date agreed by the Parties or determined by an Expert, and the Parties must monitor, record and assess the performance of their respective obligations under this agreement against the Agreed Performance Levels in accordance with the Performance Level Reporting Regime.