Common use of Adjustment for Change in Law Clause in Contracts

Adjustment for Change in Law. In the event of a Change in Law, compliance with which would either (a) require CONTRACTOR to incur cost increases in order to meet its obligations hereunder or cost increases due to any required change in the Gathering System design, or (b) result in corresponding costs savings to CONTRACTOR, the Contract Price and/or Installation Schedule shall be adjusted to reflect such changes and, if affected, any other provisions of this Agreement shall be equitably adjusted. Within ten (10) days after becoming aware of such Change in Law, CONTRACTOR shall advise OWNER of the change and the anticipated consequent savings or increased costs. CONTRACTOR shall use reasonable efforts to minimize the effect of any such Change in Law on the Installation Schedule and on the costs of performing the Work. CONTRACTOR also shall submit to OWNER a calculation of the savings resulting from, or evidence of the expenses actually incurred in complying with and mitigating the effect of, such Change in Law.

Adjustment for Change in Law. In the event of a Change in Law, compliance with which would either (a) require CONTRACTOR to incur cost increases in order to meet its obligations hereunder or cost increases due to any required change in the Gathering System Transmission Line design, or (b) result in corresponding costs savings to CONTRACTOR, the Contract Price and/or Installation Schedule shall be adjusted to reflect such changes and, if affected, any other provisions of this Agreement shall be equitably adjusted. Within ten (10) days after becoming aware of such Change in Law, CONTRACTOR shall advise OWNER of the change and the anticipated consequent savings or increased costs. CONTRACTOR shall use reasonable efforts to minimize the effect of any such Change in Law on the Installation Schedule and on the costs of performing the Work. CONTRACTOR also shall submit to OWNER a calculation of the savings resulting from, or evidence of the expenses actually incurred in complying with and mitigating the effect of, such Change in Law.