Common use of Material Change of Circumstances Clause in Contracts

Material Change of Circumstances. The terms of this Contract are based on conditions in existence on the date that Contractor commences performance. In the event of a material change in the conditions that adversely affects the ability of Contractor to perform its obligations, Contractor shall reasonably cooperate with CSU to minimize the impact from such change in conditions on Contractor’s performance and shall, if requested by CSU, negotiate in good faith to adjust the terms of this Contract on a mutually agreeable basis to address the impact of such material change in conditions. This provision shall not limit CSU’s ability to avail itself of any rights or remedies provided to CSU by law, equity or any other term of this Contract.