Common use of Recovery of Certain Costs Clause in Contracts

Recovery of Certain Costs. (a) If Carrier agrees to make any expenditures at Shipper’s request, Shipper will reimburse Carrier for such expenditures or, if the Parties agree, the Rate payable by Shipper as set forth in the Schedule will be increased or additional fees shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s).

Recovery of Certain Costs. (a) If Carrier Company agrees to make any expenditures at ShipperCustomer’s request, Shipper Customer will reimburse Carrier Company for such expenditures or, if the Parties agree, the Rate Throughput Charges payable by Shipper Customer as set forth in the Schedule will be increased or additional fees Terminal Charges shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s).

Recovery of Certain Costs. (a) If Carrier agrees to make any expenditures at Shipper’s request, Shipper will reimburse Carrier for such expenditures or, if the Parties agree, the Rate payable by Shipper as set forth in the Schedule will be increased or additional fees shall be added to the Schedule. (b) If during the Term, any new Law is enacted or promulgated or any existing Law or its interpretation is materially changed, and if such new or changed Law will have a material adverse economic impact upon a Party, then either Party, acting in good faith, shall have the option to request renegotiation of the relevant provisions of this Agreement and/or the affected Schedule(s) with respect to the Parties’ future performance. In such event, the Parties will meet and negotiate in good faith amendments to this Agreement and the affected Schedule(s) to conform this Agreement and the affected Schedule(s) to the new or changed Law while preserving the Parties’ economic, operational, commercial and competitive arrangements in accordance with the understandings set forth in this Agreement and the affected Schedule(s). Article VI.