Common use of Recovery of Certain Costs Clause in Contracts

Recovery of Certain Costs. (a) If Company agrees to make any expenditures at Customer’s request, Customer will reimburse Company for such expenditures or, if the Parties agree, the Throughput Charges payable by Customer as set forth in the Schedule will be increased or additional Terminal Charges shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s).

Recovery of Certain Costs. (a) If Company Carrier agrees to make any expenditures at CustomerShipper’s request, Customer Shipper will reimburse Company Carrier for such expenditures or, if the Parties agree, the Throughput Charges Rate payable by Customer Shipper as set forth in the Schedule will be increased or additional Terminal Charges fees shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s).

Recovery of Certain Costs. (a) If Company Carrier agrees to make any expenditures at CustomerShipper’s request, Customer Shipper will reimburse Company Carrier for such expenditures or, if the Parties agree, the Throughput Charges Rate payable by Customer Shipper as set forth in the Schedule will be increased or additional Terminal Charges fees shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s). Article VI.