Common use of Equitable Adjustment Clause in Contracts

Equitable Adjustment. The Customer may, in its sole discretion, make an equitable adjustment in the Contract terms or pricing if pricing or availability of supply is affected by extreme and unforeseen volatility in the marketplace, that is, by circumstances that satisfy all the following criteria: (1) the volatility is due to causes wholly beyond the Contractor’s control,

Appears in 19 contracts

Samples: pub-miamilakes.escribemeetings.com, Financial and Performance, Financial and Performance

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Equitable Adjustment. The Customer may, in its sole discretion, make an equitable adjustment in the Contract terms or pricing if pricing or availability of supply is affected by extreme and unforeseen volatility in the marketplace, that is, by circumstances that satisfy all the following criteria: (1) the volatility is due to causes wholly beyond the Contractor’s Contractor‘s control, (2) the volatility affects the marketplace or industry, not just the particular Contract source of supply,

Appears in 5 contracts

Samples: Contract Between, Contract Between, Contract Between

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