Common use of Relief for Change in Law Clause in Contracts

Relief for Change in Law. 9.2.1 If a Change in Law results in the Generator’s costs directly attributable to the Project being decreased or increased by one percent (1%), of the estimated revenue from the Electricity for the Contract Year for which such adjustment becomes applicable or more, during Operation Period, the Tariff Payment to the Generator shall be appropriately increased or decreased with due approval of MERC.

Relief for Change in Law. 9.2.1 9.2.1. If a Change in Law results in the Generator’s costs directly attributable to the Project being decreased or increased by one ten percent (110%), of the estimated revenue from the Electricity for the Contract Year for which such adjustment becomes applicable or more, during Operation Period, the Tariff Payment to the Generator shall be appropriately increased or decreased with due approval of MERCUPERC.