Change in Law/Regulation Sample Clauses

Change in Law/Regulation. The Parties understand that the travel industry in which they operate is constantly evolving due to technological advancements, regulatory overview and changes in Provider distribution policies. The Parties desire the flexibility to address material changes in the industry. Accordingly, in the event there is a material change in any law or regulation governing or applying to GDSs, Providers or travel agency companies which have or will have a direct or indirect material adverse effect upon the benefits of this Agreement to either Party, then the affected Party may notify the other Party of such material change in law or regulation, as well as proposed changes to this Agreement (the “Notice”). The Parties will then meet as appropriate with the goal of addressing the proposed changes in good faith. If the Parties do not agree to such changes within forty-five (45) days after the date of the Notice, then the affected Party may terminate this Agreement upon ninety (90) days written prior notice to the other Party and the provisions of Clause 10 will apply.
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Change in Law/Regulation. In the event of a change in law or regulation (including the Rules), which affect any of the parties’ obligations under this agreement, the parties will co-operate in good faith to agree any necessary amendment(s) or variation(s) to the agreement.
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Change in Law/Regulation. Section 16.3.1 – In the event there is a Change in Law/Regulation that (a) imposes taxes on the ownership or operation of the System, (b) requires modifications to the System in excess of $5,000, or (c) materially impacts the cost of operating and maintaining the System, then the Parties shall negotiate in good faith for a period of thirty (30) days in an attempt to amend this Agreement to address the Change in Law/Regulation.
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Change in Law/Regulation. In the event there is a Change in Law/Regulation that (i) materially impacts the cost of installing, operating, and maintaining the System, including additional taxes or (ii) requires modifications to the System in excess of $5,000, then the Generator shall have the right to engage in negotiations in good faith for a period of thirty (30) days with the Customer in an attempt to amend this Agreement to address the Change in Law/Regulation.
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Change in Law/Regulation. In the event that any new laws, regulations or interpretations of HIPAA are promulgated, the Parties shall use reasonable efforts to promptly amend this Agreement to comply with such change without any financial concession. No new or additional legislative, regulatory or judicial requirement related to Protected Health Information confidentiality shall take effect under this Agreement until an appropriate amendment is signed by the Parties, except by operation of law. If the Parties are unable to reach agreement on the necessary change within ninety (90) days or such other time mutually agreed upon by the Parties (or such lesser period of time as may be required by governing authority), this Agreement shall terminate at the expiration of the ninety (90) day period, or such other period agreed upon by the Parties (or shorter period, if applicable).
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Change in Law/Regulation. In the event that any new laws, regulations or interpretations of HIPAA are promulgated, the Parties shall use reasonable efforts to promptly amend this BA Agreement to comply with such change without any financial concession. No new or additional legislative, regulatory or judicial requirement related to PHI confidentiality shall take effect under this BA Agreement until an appropriate amendment is signed by the Parties, except by operation of law. If the Parties are unable to reach agreement on the necessary change within ninety (90) days or such other time mutually agreed upon by the Parties (or such lesser period of time as may be required by governing authority), this BA Agreement shall terminate at the expiration of the ninety (90) day period, or such other period agreed upon by the Parties (or shorter period, if applicable).
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Related to Change in Law/Regulation

  • 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.

  • Change in Law If any Change in Law shall:

  • Change in Legality (a) Notwithstanding any other provision of this Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent:

  • Economic Uniformity; Changes in Law (A) At the election of the General Partner with respect to any taxable period ending upon, or after, the termination of the Subordination Period, all or a portion of the remaining items of Partnership gross income or gain for such taxable period, after taking into account allocations pursuant to Section 6.1(d)(iii), shall be allocated 100% to each Partner holding Subordinated Units that are Outstanding as of the termination of the Subordination Period (“Final Subordinated Units”) in the proportion of the number of Final Subordinated Units held by such Partner to the total number of Final Subordinated Units then Outstanding, until each such Partner has been allocated an amount of gross income or gain that increases the Capital Account maintained with respect to such Final Subordinated Units to an amount that after taking into account the other allocations of income, gain, loss and deduction to be made with respect to such taxable period will equal the product of (A) the number of Final Subordinated Units held by such Partner and (B) the Per Unit Capital Amount for a Common Unit. The purpose of this allocation is to establish uniformity between the Capital Accounts underlying Final Subordinated Units and the Capital Accounts underlying Common Units held by Persons other than the General Partner and its Affiliates immediately prior to the conversion of such Final Subordinated Units into Common Units. This allocation method for establishing such economic uniformity will be available to the General Partner only if the method for allocating the Capital Account maintained with respect to the Subordinated Units between the transferred and retained Subordinated Units pursuant to Section 5.5(c)(ii) does not otherwise provide such economic uniformity to the Final Subordinated Units.

  • Changes in Law (a) Any reference to a provision of the Code or a law of another jurisdiction shall include a reference to any applicable successor provision or law.

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