Examples of Initial Framework Agreement Period in a sentence
The Price shall remain firm for the Initial Framework Agreement Period.
The Framework Agreement shall start on the Commencement Date and shall end on 31st March 2017, unless it is otherwise terminated in accordance with the provisions of this Framework Agreement, or otherwise lawfully terminated, or extended under clause 3.1 (extension beyond Initial Framework Agreement Period).
The Price shall apply for the Initial Framework Agreement Period.
In the event that the Authority agrees to extend the Initial Framework Agreement Period pursuant to clause 3 (extension beyond Initial Framework Agreement Period) the Authority shall, in the 6 month period prior to the expiry of the Initial Framework Agreement Period or as the case may be, in such other period as may be appropriate, enter into discussion in good faith with the Contractor (for a period of not more than 30 Working Days) to agree a variation in the Price.
Any increase in the Price pursuant to clause 9.1 shall not exceed the percentage change in the Office of National Statistics’ Consumer Prices Index (CPI) (or another such index as may be specified in the Pricing Schedule) between the Commencement Date and the date 6 Months before the end of the Initial Framework Agreement Period.
Ex post quantifications of the effect of raising the statutory pension age are rare since most countries only recently embarked on the path of policy reforms aimed at raising the statutory pension age.
If the Parties are unable to agree a variation in the Price in accordance with clause 9.1, the Framework Agreement shall terminate at the end of the Initial Framework Agreement Period.