Establishment of Cost Impacts. (i) Upon the occurrence of any of the events described in Section 11.04(b)(i) or Section 11.04(b)(ii) (each event, a “Cost Impact Event”), the Party requesting the application of Section 11.04(b) with respect to a given Cost Impact Event (such Party, the “Requesting Party”) shall promptly, and in any event no later than 30 calendar days following the Requesting Party’s knowledge of the occurrence of the Cost Impact Event, notify the Parties in writing thereof (such notice, a “Cost Impact Event Notice”). Such Cost Impact Event Notice shall describe the Cost Impact Event and (to the extent such information is available at the time), the efforts of the Requesting Party and the applicable HTP Contractors, if any, that have been (or are going to be) undertaken by such party to overcome or mitigate the potential adverse effect on the cost for performance of the work from such Cost Impact Event. After the issuance of a Cost Impact Event Notice, the Requesting Party shall provide updates in writing to GDC every 30 calendar days or as reasonably necessary to keep the other Parties informed of the impacts of the Cost Impact Event, including in such updates, to the extent such information is available, estimates of the Cost Impacts that will result from the applicable Cost Impact Event.
