Common use of Block Exemption Clause in Contracts

Block Exemption. Immediately prior to the expiration of Regulation 1983/83 of the Commission of the European Union (the "Block Exemption"), the Parties agree to examine the Agreement to determine whether the Agreement will fall within the new Block Exemption. Should any of the provisions of the Agreement not fall within the Block Exemption, during the term of this Agreement, the Parties agree either to amend the Agreement to fall within the Block Exemption or the new Block Exemption or to notify the Agreement to the Commission, with each Party to bear one-half of the reasonable costs of making the notification.

Block Exemption. Immediately prior to the expiration of Regulation 1983/83 l983/83 of the Commission of the European Union EU (the "Block Exemption"), the Parties parties agree to examine the Agreement to determine whether the Agreement will fall within the new Block Exemption. Should any of the provisions of the Agreement not fall within the Block Exemption or the new Block Exemption, during the term of this Agreement, the Parties parties agree either to amend the Agreement to fall within the Block Exemption or the new Block Exemption or to notify the Agreement to the Commission, with each Party party to bear one-half of the reasonable costs of making the notification.