Changes to Benchmark Pricing Clause Samples

Changes to Benchmark Pricing. Neither the formula for calculating the Benchmark Price, nor the source of published market prices in respect of any Feedstock, shall be changed without the written consent of the Parties. In the event that (a) Buyer may require the addition of a Feedstock, which is not materially represented in Exhibit ”B”, (b) new improved sources for market quotations become available, (c) any of the sources for the published market prices set forth in Exhibit “B” becomes temporarily or permanently unavailable, (d) CTG receives new adjustment value data, (e) adjustments arising from changes in published market freight, railcar costs and/or fuel surcharges, or (f) changes occur in industry regulations, either Party may propose changes to the applicable portions of Exhibit “B”. Upon approval of both Parties the contents of Exhibit ”B” may be formally amended. If following a review of any such events, the Parties are unable to agree to any revisions to Exhibit “B”, then the matter shall be resolved according to the provisions of Section 14.4.