Common use of Adjustment Principles Clause in Contracts

Adjustment Principles. The Values will be increased or decreased depending on the total changes to the cost of staff, labor, materials and equipment determined pursuant to this Exhibit X. A Cost Increase (as defined below) will result in an increase to the Values in Section 8.2 of the Agreement and a decrease to the Values in Section 8.3 of the Agreement. Conversely, a Cost Decrease (as defined below) will result in a decrease to the Values in Section 8.2 of the Agreement and an increase to the Values in Section 8.3 of the Agreement. • If the Notice to Proceed Date occurs after [***], Contractor shall conduct a complete review of the impacts to all staff, labor, materials and equipment components of the Direct Cost between [***] and the Notice to Proceed Date, following the procedures described below. • The maximum decrease to each Value in Section 8.2.1 of the Agreement and the maximum increase to each Value in Section 8.3.1 of the Agreement is [***]. • If the Cost Increase or Cost Decrease is determined to be less than [***], the Values shall not be adjusted.