Common use of Price and Schedule Adjustments Clause in Contracts

Price and Schedule Adjustments. If any change under the paragraph entitled "Directed Changes" of this clause causes an increase or decrease in the cost or the time required for performance of the Contract, an equitable adjustment in the prices and schedules of the Contract shall be made to reflect such increase or decrease, and the Contract shall be modified in writing accordingly. Unless otherwise agreed in writing, any claims by Seller for adjustment must be delivered to Buyer in writing within thirty (30) days after Seller's receipt of such direction. Pursuant to the clause entitled "Records and Audit," Seller shall make available for Buyer's examination relevant books and records to verify Seller's claim for adjustment. Failure of Buyer and Seller to agree on any adjustment shall not excuse Seller from performing in accordance with such direction.

Price and Schedule Adjustments. If any change under the paragraph entitled "Directed Changes" of this clause causes an increase or decrease in the cost of or the time required for performance of the Contract, an equitable adjustment in the prices and schedules of the Contract shall be made to reflect such increase or decrease, and the Contract shall be modified in writing accordingly. Unless otherwise agreed in writing, any claims by Seller for adjustment must be delivered to Buyer Buyer, in writing writing, within thirty (30) days after SellerXxxxxx's receipt of such direction. Pursuant to the clause entitled "Records and Audit," Seller shall make available for Buyer's examination relevant books and records to verify Seller's claim for adjustment. Failure of Buyer and Seller to agree on upon any adjustment shall not excuse Seller from performing in accordance with such direction.