Supervening Law Change Sample Clauses
A Supervening Law Change clause addresses situations where changes in laws or regulations after a contract is signed affect the parties' ability to fulfill their obligations. This clause typically outlines the steps the parties must take if a new law makes performance illegal, impractical, or significantly more burdensome, such as renegotiating terms or suspending certain obligations. Its core function is to allocate risk and provide a clear process for adapting the contract to unforeseen legal developments, thereby protecting both parties from being unfairly penalized by changes outside their control.
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Supervening Law Change. The Monthly Fixed Charge and the rates contained in the Monthly Fixed Charge Table contained in Appendix I-1 of this Exhibit will also be subject to adjustment based on (a) changes in the laws, rules or regulations of the DOT, FAA or TSA or (b) in the interpretation, application, or applicability of those laws, rules or regulations (each, a “Supervening Law Change”), which, in any case, individually or cumulatively increases by more than [*] ([*]%) at any time and from time to time during the Term, the costs incurred by ABX in performing the Services. DHL and ABX will reasonably agree upon the amount of such adjustment, which will become effective on the date that the costs incurred by ABX arising from a Supervening Law Change, whether individually or in combination with one or more prior Supervening Law Changes, increases by more than [*] ([*]%) the costs incurred by ABX in performing the Services.