Law or Policy Change Clause Samples

Law or Policy Change. If, subsequent to the date of this Agreement, (i) any new Law or industry requirement is promulgated or the interpretation or enforcement of any existing Law or requirement is changed, or (ii) CRNF or CRRM adopts any new procedure or policy, or amends any existing procedure or policy, which increases or decreases Savage’s costs, then Savage will compute such cost changes and adjust the applicable fees and rates to reflect such changes. CRNF will have the right to review and approve, which approval will not be unreasonably withheld, Savage’s calculations for changes hereunder prior to the changes going into effect; provided any approved changes will be effective from the date on which Savage begins to incur such additional costs.