Common use of Adjustments for Required Changes Clause in Contracts

Adjustments for Required Changes. If Required Changes have or will result in a material increase or decrease in the cost of and/or the time for performance by Supplier, Supplier may notify Nifco of such and the parties shall negotiate in good faith a reasonable allocation of such costs and other equitable adjustment between the parties. Any adjustment shall be evidenced by a new or revised Purchase Order.

Adjustments for Required Changes. If Required Changes have or will result in a material any increase or decrease in the cost of and/or the time for performance by Supplier, Supplier may notify Nifco of such such, and the parties shall negotiate in good faith a reasonable allocation of such costs and other equitable adjustment between the parties. To the extent necessary as a result of those negotiations, Supplier will promptly issue Nifco an adjusted quotation for the Product with the Required Changes. Any adjustment shall be evidenced by a new or revised Purchase Order.