Change in Governmental Requirements Sample Clauses

Change in Governmental Requirements. If any Governmental Requirement makes it unlawful for any Lender to make or maintain LIBOR Rate Borrowings, then that Lender shall promptly notify Borrower and Administrative Agent, and (a) as to undisbursed funds, that requested Borrowing shall be made as a Base Rate Borrowing and (b) as to any outstanding Borrowing (i) if maintaining the Borrowing until the last day of the applicable Interest Period is unlawful, the Borrowing shall be converted to a Base Rate Borrowing as of the date of notice, in which event Borrower will be required to pay any related Consequential Loss or (ii) if not prohibited by applicable Governmental Requirements, the Borrowing shall be converted to a Base Rate Borrowing as of the last day of the applicable Interest Period or (iii) if any conversion will not resolve the unlawfulness, Borrower shall promptly prepay the Borrowing, without penalty but with related Consequential Loss.
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Change in Governmental Requirements. If any change, after the date of this agreement, in any present or future Governmental Requirement makes it unlawful for any Lender to make or maintain LIBOR Borrowings or Fixed-Rate Borrowings, then that Lender shall promptly notify Administrative Agent, who shall promptly notify Co-Borrowers and (a) as to undisbursed funds, any requested Borrowing shall be made as a Base-Rate Borrowing, (b) as to any outstanding Borrowing (i) if maintaining that Borrowing as a LIBOR Borrowing or Fixed-Rate Borrowing is unlawful, that Borrowing shall be converted to a Base-Rate Borrowing as of the date of notice, or (ii) if maintaining that Borrowing as a LIBOR Borrowing or Fixed-Rate Borrowing is not unlawful, that Borrowing shall be converted to a Base-Rate Borrowing only at the option of Co-Borrowers, or (iii) if any conversion will not resolve the unlawfulness, Co-Borrowers shall promptly prepay that Borrowing.
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Change in Governmental Requirements. Any change in Governmental Requirements or adoption of any new Governmental Requirements which is materially inconsistent with Governmental Requirements in effect as of the Effective Date, as described in any statutory development agreement approved in connection with the Project; and
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Change in Governmental Requirements. If any change, after the date of this agreement, in any present or future Governmental Requirement makes it unlawful for any Lender to make or maintain Eurodollar Borrowings, then that Lender shall promptly notify Administrative Agent, who shall promptly notify Borrower and (a) as to undisbursed funds, any requested Borrowing shall be made as a Fed-Funds Borrowing, (b) as to any outstanding Borrowing (i) if maintaining the Borrowing until the last day of the applicable Interest Period is unlawful, the Borrowing shall be converted to a Fed-Funds Borrowing as of the date of notice, or (ii) if not prohibited by Governmental Requirements, the Borrowing shall be converted to an Fed-Funds Borrowing as of the last day of the applicable Interest Period, or (iii) if any conversion will not resolve the unlawfulness, Borrower shall promptly prepay the Borrowing TOGETHER WITH any Funding Loss.
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Change in Governmental Requirements. Lessee and Operator intend ------------------------------------ that services under this Agreement will at all times comply with applicable Governmental Requirements then in effect. If Governmental Requirements are revised, repealed or judicially reinterpreted after the Effective Date so as to increase Operator's cost of performance of the Work, Operator shall be entitled to a Change Order.
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Change in Governmental Requirements. CONTRACTOR acknowledges that the SCOPE OF WORK includes compliance with all GOVERNMENTAL REQUIREMENTS in effect as of the date hereof. In the event that there is a change in such GOVERNMENTAL REQUIREMENTS after the date hereof (which shall be deemed to include a binding and enforceable change in the interpretation of any GOVERNMENTAL REQUIREMENTS currently in effect by the governmental agency charged with the interpretation thereof, or by a court of law, but shall not be deemed to include any change in GOVERNMENTAL REQUIREMENTS for which there is a published notice of proposed change (e.g., a proposed regulation published in the Federal Register) publicly available as of September 4, 1998) applicable to the WORK hereunder, the SCOPE OF WORK hereunder shall be deemed modified in a manner so as to cause the WORK to comply with such changed GOVERNMENTAL REQUIREMENTS. To the extent that compliance with such change in GOVERNMENTAL REQUIREMENTS impacts the CONTRACT Schedule or the direct COST to CONTRACTOR of performing the WORK, CONTRACTOR shall be entitled to an adjustment in the CONTRACT Schedule and/or the CONTRACT PRICE in accordance with the provisions of Section 11 (CHANGES) hereof; provided, however, that CONTRACTOR shall not be entitled to an adjustment in the CONTRACT PRICE (i) if the change in GOVERNMENTAL REQUIREMENTS does not directly impact the PLANT or the EQUIPMENT (i.e., the change must directly relate to the PLANT or the EQUIPMENT, as opposed to CONTRACTOR'S general costs of doing business or performing work) (e.g., a change in OSHA requirements that mandates the inclusion of additional safety equipment as part of the PLANT or EQUIPMENT would entitle CONTRACTOR to request an adjustment in the CONTRACT PRICE with respect to the extra COST thereof; a change in OSHA requirements that mandates that CONTRACTOR's employees wear special safety equipment (for example, respirators) would not serve as the basis for an adjustment to the CONTRACT PRICE); and (ii) unless the aggregate impact of all changes in GOVERNMENTAL REQUIREMENTS applicable to the WORK exceeds $25,000 (the first $25,000 being a "deductible").
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Change in Governmental Requirements 
Sample 1
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Related to Change in Governmental Requirements

  • Governmental Requirements The Provider warrants and represents that it will comply with all governmental ordinances, laws and regulations.

  • Compliance with Governmental Requirements Grantor shall comply promptly with all laws, ordinances, rules and regulations of all governmental authorities, now or hereafter in effect, applicable to the ownership, production, disposition, or use of the Collateral. Grantor may contest in good faith any such law, ordinance or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as Lender's interest in the Collateral, in Lender's opinion, is not jeopardized.

  • Environmental Requirements C7.1 The Contractor shall, when working on the Premises, perform its obligations under the Contract in accordance with the Authority’s environmental policy, which is to conserve energy, water, wood, paper and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment.

  • Additional Requirements As a condition precedent to the execution and Delivery, the registration of issuance, transfer, split-up, combination or surrender, of any ADS, the delivery of any distribution thereon, or the withdrawal of any Deposited Property, the Depositary or the Custodian may require (i) payment from the depositor of Shares or presenter of ADSs or of an ADR of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees and charges of the Depositary as provided in Section 5.9 and Exhibit B, (ii) the production of proof reasonably satisfactory to it as to the identity and genuineness of any signature or any other matter contemplated by Section 3.1, and (iii) compliance with (A) any laws or governmental regulations relating to the execution and Delivery of ADRs or ADSs or to the withdrawal of Deposited Securities and (B) such reasonable regulations as the Depositary and the Company may establish consistent with the provisions of the representative ADR, if applicable, the Deposit Agreement and applicable law.

  • DEVELOPMENTAL REQUIREMENTS The Personal Development Plan (PDP) for addressing developmental gaps is attached as Annexure B.

  • Special Requirements Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit “B” and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit “B” and any other provisions of this Agreement, the provisions of Exhibit “B” shall govern.

  • Financial Requirements A report of monthly and cumulative financial requirements; and

  • Capital Requirements If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending Office of such Lender or such Lender’s or the L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing the rate of return on such Lender’s or the L/C Issuer’s capital or on the capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

  • Compliance with Environmental Requirements 50.1 The Contractor shall provide the goods and/or Services required under the Contract in accordance with applicable laws and the Authority’s environmental policy, which is to conserve energy, water and other resources, reduce waste and phase out the use of ozone depleting substances and minimise the release of greenhouse gases, volatile organic compounds and other substances damaging to health and the environment.

  • FEDERAL REQUIREMENTS In the event this Contract is paid in whole or in part from any federal government agency or source, the specific terms, regulations and requirements governing the disbursement of these funds shall be specified herein and become a part of this clause.

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