Common use of Adjustment to Price Clause in Contracts

Adjustment to Price. In the event of any such Excusable Delay, the performance schedule for the delayed Services shall be extended by mutual agreement of the Parties and the price(s) for the delayed Services shall be adjusted by mutual agreement of the Parties to account for any additional costs incurred by Boeing as a result of such Excusable Delay. Boeing shall exert its commercially reasonable efforts to mitigate such additional costs to the extent reasonable.

Appears in 2 contracts

Sources: Contract (Iridium Communications Inc.), Contract (Iridium Communications Inc.)

Adjustment to Price. In the event of any such Excusable Delay, the performance schedule for the delayed Services shall be extended by mutual agreement of the Parties and the price(s) for the delayed Services monthly payments shall be adjusted by mutual agreement of the Parties to account for any additional costs incurred by Boeing as a result of such Excusable Delay. Boeing shall exert its commercially reasonable best efforts to mitigate such additional costs to the extent reasonable.

Appears in 1 contract

Sources: Contract No. BSC 2000 001 (Iridium Communications Inc.)