Change in Law or Regulations Sample Clauses

Change in Law or Regulations. The Parties agree to renegotiate this Contract if federal and/or state revisions of any applicable laws or regulations make changes in the Contract necessary.
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Change in Law or Regulations. If any change in ---------------------------- any law, executive order, or regulation or in any request or directive of any administrative or governmental authority (whether or not having the force of law) or in the interpretation of any of the foregoing by any court or administrative or governmental authority charged with the administration thereof shall either:
Change in Law or Regulations. Notwithstanding anything in this Lease to the contrary, should legal counsel reasonably conclude that Tenant's use of the Premises is or may be in violation of any law or regulation, or subsequent changes in any applicable law or regulation, this Lease shall terminate upon thirty (30) days notice to the other party unless within said thirty (30) day period the parties agree to such modifications in this Lease and use of the Premises that may be necessary to establish compliance with the law or regulation.
Change in Law or Regulations. Illegality: If, as the result of the introduction of, or any change in, any applicable law, regulation directive or regulatory requirement or any change in the interpretation or application thereof, in each case after the date hereof it becomes unlawful for a Senior Lender to maintain or give effect to its obligations as contemplated by any of the Banking Documents, then the Senior Lender shall as soon as reasonably practicable thereafter, inform the Agent and the Principal Borrower to that effect whereupon its obligation to permit the Facilities to remain outstanding shall forthwith terminate and the Borrowers shall prepay, on the latest available date permitted by the relevant law, regulation or directive or requirement to the Senior Lender all sums as shall be outstanding to that Senior Lender together with accrued interest thereon.
Change in Law or Regulations. 10.1 Change in Law or Regulations: If, as the result of the enactment or making of or any change (after the date of this Agreement) in any applicable law, or in its interpretation administration or application by any authority charged with its administration, or compliance with any requests (whether or not having the force of law, but if not having the force of law, being requests with which banks generally (operating in the relevant jurisdictions) are accustomed to comply) of any central bank or any governmental, regulatory or comparable authority, any Finance Party demonstrates to the reasonable satisfaction of the Lead Bank (acting with Steering Committee approval) that it has or will become unlawful (or contrary to any such directive or request) for it to maintain or give effect to its obligations as contemplated by this Agreement, then such Finance Party (the "affected party") shall so inform the Borrowers through the Lead Bank and (while such circumstances are continuing) such Finance Party shall not thereafter be obliged to permit any further drawings or utilisations of its Facilities.

Related to Change in Law or Regulations

  • Change in Laws If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers in writing and such Bank's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Rate Loans.

  • No Change in Law There shall not have been any action, or any statute enacted, by any government or agency thereof which would in any material respect prohibit or render the parties unable to consummate the transactions contemplated hereby or make the transactions contemplated hereby illegal.

  • Change in Law If any Change in Law shall:

  • Other Regulations No Borrower or any Material Subsidiary is subject to regulation under the Investment Company Act of 1940, the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any state public utilities code or any other Governmental Rule that limits its ability to incur Indebtedness.

  • Relief for Change in Law 12.2.1 The aggrieved Party shall be required to approach the Appropriate Commission for seeking approval of Change in Law.

  • CHANGE IN LAWS AND COMPLIANCE WITH LAWS Performing Agency shall comply with all laws, regulations, requirements and guidelines applicable to a vendor providing services and products required by the Contract to the State of Texas, as these laws, regulations, requirements and guidelines currently exist and as amended throughout the term of the Contract. System Agency reserves the right, in its sole discretion, to unilaterally amend the Contract to incorporate any modifications necessary for System Agency’s compliance, as an agency of the State of Texas, with all applicable state and federal laws, regulations, requirements and guidelines.

  • Change in Laws and Compliance with Laws Grantee shall comply with all laws, regulations, requirements and guidelines applicable to a Grantee providing services and products required by the Grant Agreement to the State of Texas, as these laws, regulations, requirements and guidelines currently exist and as amended throughout the term of the Grant Agreement. Notwithstanding Section 11.1, Amendments, above, System Agency reserves the right, in its sole discretion, to unilaterally amend the Grant Agreement to incorporate any modifications necessary for System Agency’s compliance, as an agency of the State of Texas, with all applicable state and federal laws, regulations, requirements and guidelines.

  • Regulations The disclosures in the Registration Statement, the Sale Preliminary Prospectus, and Prospectus concerning the effects of federal, foreign, state, and local regulation on the Company’s business as currently contemplated are correct in all material respects and do not omit to state a material fact necessary to make the statements therein, in the light of the circumstances in which they were made, not misleading.

  • Changes in Laws Whenever a statute, regulation, governmental body, accounting standard or accounting body is identified in this Trust Agreement, the reference includes any modification of, successor to or renamed statute, regulation, governmental body, accounting standard or accounting body.

  • FCC Regulations The unstayed, effective regulations promulgated by the FCC, as amended from time to time.

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