Adjustment Time Sample Clauses

The "Adjustment Time" clause defines the specific point or period when any necessary changes or recalculations to contractual terms, such as prices, rates, or obligations, are to be made. In practice, this clause might specify that adjustments occur at the close of business on a certain date, after the occurrence of a triggering event, or upon the receipt of new information. Its core function is to provide clarity and certainty about when adjustments take effect, thereby reducing disputes and ensuring both parties are aligned on the timing of contractual modifications.