Interim Studies Sample Clauses

Interim Studies. Interim rate studies will be performed: (i) if the parties mutually determine that an interim rate study is desirable or required; (ii) if changes are required that will materially increase the cost of providing water service as contemplated by this Agreement, including but not limited to changes required to the Water Supply, the District Water System, or the operation and maintenance procedures of the District Water System due to new or revised statutory or regulatory criteria applicable to the Water Rights or the District Water System, events of force majeure, or other causes (a “Material Event”), or (iii) upon the request of either party. Unless otherwise agreed upon by the parties, the party requesting an interim rate study pursuant to subsection (iii) shall be responsible for the cost of the interim rate study. If either party disputes whether a Material Event has occurred, then the parties shall utilize the dispute resolution process described herein prior to initiating the interim study.