If there is a Change-in-Law which the Contractor believes in good faith will materially increase the costs of performance of the Contractor’s obligation under the Contract, then the Contractor shall submit to EGAT a certificate setting forth in detail reasonably satisfactory to EGAT the basis of and the calculations for the amount of such increase in costs as soon as practicable after the Contractor become aware of such Change-in-Law. The Contractor shall promptly cooperate with EGAT to determine how to minimize the increased costs and then the Contractor and EGAT shall determine in good faith any necessary adjustment to the contract price to equitably reflect such reasonable increased cost. For the purpose of this Article, a material increase in costs means any one Change-in-Law event resulting in an increase in costs exceeding one million (1,000,000) US Dollars.
For the avoidance of doubt, the adjustment of contract price shall be made only to the portion of the increased cost exceeding one million (1,000,000) US Dollars.