Common use of Change Events Clause in Contracts

Change Events. (a) In this clause 10 Change Event means, after the Commencement Date: (i) a change in an existing Regulatory Requirement, or introduction of any new Regulatory Requirement, that requires a substantial modification to the role or requirements of the MC MP or MDP Services or substantially affects the manner in which Select Solutions performs its obligations under this Agreement; or (ii) a change in an existing Tax, or introduction of any new Tax, calculated by reference to the MC, MP Services or MDP Services or the assets or resources used to provide the MC, MP Services or MDP Services, or any change in the interpretation, administration or application to Select Solutions of such a Tax; or (iii) a change in Australian Standards or good electricity industry practice (as defined in the Rules) that, as a matter of law, expressly requires a mandatory and substantial modification to the to the role or requirements of the MC, MP Services or MDP Services or substantially affects the manner in which Select Solutions performs its obligations under this Agreement. (b) If by reason of any Change Event there is an increase in the total cost (net of any saving) to Select Solutions of fulfilling its obligations under this Agreement, Select Solutions may pass on the increased cost to the Customer through an increase in the Fees.