Common use of Adjustments for Change in Law Clause in Contracts

Adjustments for Change in Law. (a) In the event of a Change in Law which is of the type described in the Change in Law definition and has an impact on the Project that is equal or greater to [$500,000] for a Contract Year , GPA shall pay to Project Company (without double recovery) a Supplemental Charge under this Agreement in such amount as is necessary to compensate Project Company for, and make Project Company whole with respect to any such additional costs and/or adverse affect on the expected financial benefit suffered as a result of such Change in Law. (b) In the event of a Change in Law that has a positive impact on the Project Company that is equal to or greater than [US$500,000] for a Contract Year , Project Company shall adjust the Capacity Charge under this Agreement in such amount as is necessary to return the benefit of such increase to GPA.

Adjustments for Change in Law. (a) In the event of a Change in Law which is of the type described in the Change in Law definition and has an impact on the Project that is equal or greater to [$500,000] for a Contract Year , GPA shall pay to Project Company (without double recovery) a Supplemental Charge under this Agreement in such amount as is necessary to compensate Project Company for, and make Project Company whole with respect to any such additional costs and/or adverse affect on the expected financial benefit suffered as a result of such Change in Law. (b) . In the event of a Change in Law that has a positive impact on the Project Company that is equal to or greater than [US$500,000] for a Contract Year , Project Company shall adjust the Capacity Charge under this Agreement in such amount as is necessary to return the benefit of such increase to GPA.. TRANSFER OF OWNERSHIP