Common use of Contract adjustment Clause in Contracts

Contract adjustment. 2.10.1 If at any time following the Effective Date a Price Control Event occurs, the Sellers may, at their sole and absolute discretion, within twelve (12) months from such occurrence, by written notice to the Buyer, request a review and a reasonable and appropriate adjustment of the relevant term or terms of this Agreement in a way that preserves the commercial balance of the Parties pursuant to this Agreement as at the date prior to such Price Control Event (the “Contract Adjustment”). For the avoidance of doubt, [***]. 2.10.2 Within thirty (30) Days after the Sellers request for a Contract Adjustment, the Buyer and the Sellers shall meet and negotiate in good faith the Contract

Appears in 2 contracts

Sources: Gas Sale and Purchase Agreement (IC Power Pte. Ltd.), Gas Sale and Purchase Agreement (IC Power Pte. Ltd.)