Common use of Material Change of Circumstances Clause in Contracts

Material Change of Circumstances. The terms of this Agreement are based on conditions in existence on the date that Vendor commences performance. In the event of a material change in the conditions that adversely affects the ability of Vendor to perform its obligations, Vendor shall reasonably cooperate with Foundation to minimize the impact from such change in conditions on Vendor’s performance and shall, if requested by Foundation, negotiate in good faith to adjust the terms of this Agreement on a mutually agreeable basis to address the impact of such material change in conditions. This provision shall not limit CSU’s ability to avail itself of any rights or remedies provided to CSU by law, equity or any other term of this Agreement.