Changes in Regulatory Requirements Clause Samples

The "Changes in Regulatory Requirements" clause defines how a contract will adapt if relevant laws or regulations change during its term. Typically, this clause allows either party to request modifications to the agreement to ensure ongoing compliance, such as adjusting procedures, timelines, or costs if new legal obligations arise. Its core function is to provide flexibility and protect both parties from unforeseen legal changes, ensuring the contract remains enforceable and practical despite evolving regulatory landscapes.
Changes in Regulatory Requirements. The PARTIES are responsible for communicating each other without delay (and no later than the moment become effective) any changes of essential requirements in the countries where the PRODUCT is marketed by the Parties.
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Changes in Regulatory Requirements. In the event that any of the Massachusetts regulatory authorities mandate and dramatically change the business mechanisms currently in place at the signing of this Agreement, ISI will have the option of charging Company a portion of the implementation fee associated with mandated changes. For example, a dramatic change in the business mechanism historically would be the implementation of the Facility. In like manner, future regulations such as an Assigned Risk Plan, Joint Underwriting Authority (JUA) and/or state fund would be considered dramatic changes in the business mechanisms. With respect to regulatory changes which do not dramatically change the business mechanism, ISI will adopt the regulations at no charge to Company. However, Safe Driver Insurance Program (SDIP), Uninsured Motorist System (UMS) and CAR would not be considered dramatic changes in the business mechanisms. ISI reserves the right to enhance its systems beyond the reasonable requirements of such regulations and to charge for such services as an option to Company or other customers.
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Changes in Regulatory Requirements. Whenever, because of changes in regulatory agencies or regulations outside of the United States, any additional or different requirements are imposed regarding the marketing, sales, use or manufacture of Products or in the Products, themselves, Bayer, at its expense, shall make its reasonable best effort to comply with the said requirements regarding the marketing, sales or use of Products, and Gen-Probe at its expense shall use its reasonable best efforts to comply with said requirements regarding the manufacture of the Products or with respect to the Products, themselves. Gen-Probe and Bayer will mutually work to comply with the European in-vitro diagnostics (IVD) directive. Gen-Probe will provide to Bayer appropriate information required for submissions to notified bodies in order to meet IVD directive requirements.
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Changes in Regulatory Requirements. GTC and ▇▇▇ agree to update this Agreement according to any changes made in the marketing authorization or in regulatory requirements.
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Changes in Regulatory Requirements. Where changes to the Regulatory Requirements require a change to the Services, the Service Provider will use reasonable best efforts to implement such changes in a timely manner in accordance with the Change Request Procedure (including the provisions for payment of fees contained therein.).
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Related to Changes in Regulatory Requirements

  • REGULATORY REQUIREMENTS/SAFETY Goods/Services supplied by Contractor shall meet all OSHA and other safety-related federal, state, local, and/or tribal regulatory requirements applicable to the Goods/Services.

  • Regulatory Requirements Each Party’s obligations under this Agreement shall be subject to its receipt of any required approval or certificate from one or more Governmental Authorities in the form and substance satisfactory to the applying Party, or the Party making any required filings with, or providing notice to, such Governmental Authorities, and the expiration of any time period associated therewith. Each Party shall in good faith seek and use its Reasonable Efforts to obtain such other approvals. Nothing in this Agreement shall require Developer to take any action that could result in its inability to obtain, or its loss of, status or exemption under the Federal Power Act or the Public Utility Holding Company Act of 2005 or the Public Utility Regulatory Policies Act of 1978, as amended.

  • Compliance with Regulatory Requirements Upon demand by Lender, Borrower shall reimburse Lender for Lender’s additional costs and/or reductions in the amount of principal or interest received or receivable by Lender if at any time after the date of this Agreement any law, treaty or regulation or any change in any law, treaty or regulation or the interpretation thereof by any Governmental Authority charged with the administration thereof or any other authority having jurisdiction over Lender or the Loans, whether or not having the force of law, shall impose, modify or deem applicable any reserve and/or special deposit requirement against or in respect of assets held by or deposits in or for the account of the Loans by Lender or impose on Lender any other condition with respect to this Agreement or the Loans, the result of which is to either increase the cost to Lender of making or maintaining the Loans or to reduce the amount of principal or interest received or receivable by Lender with respect to such Loans. Said additional costs and/or reductions will be those which directly result from the imposition of such requirement or condition on the making or maintaining of such Loans.

  • Regulatory Requirements and Governing Law 43 14.1 Regulatory Requirements. 43 14.2 Governing Law 44 ARTICLE 15. NOTICES 44 15.1 General. 44 15.2 ▇▇▇▇▇▇▇▇ and Payments. 44 15.3 Alternative Forms of Notice 44 15.4 Operations and Maintenance Notice 44 ARTICLE 16. FORCE MAJEURE 45 16.1 Force Majeure 45 ARTICLE 17. DEFAULT 45 17.1 Default. 45 ARTICLE 18. INDEMNITY, CONSEQUENTIAL DAMAGES AND INSURANCE 46 18.1 Indemnity. 46 18.2 No Consequential Damages. 47 18.3 Insurance 47 ARTICLE 19. ASSIGNMENT 49 19.1 Assignment. 49 ARTICLE 20. SEVERABILITY 49 20.1 Severability. 49 ARTICLE 21. COMPARABILITY 50 21.1 Comparability. 50 ARTICLE 22. CONFIDENTIALITY 50 22.1 Confidentiality. 50 ARTICLE 23. ENVIRONMENTAL RELEASES 53 23.1 Developer and Connecting Transmission Owner Notice 53 ARTICLE 24. INFORMATION REQUIREMENT 53 24.1 Information Acquisition. 53 24.2 Information Submission by Connecting Transmission Owner 54 24.3 Updated Information Submission by Developer 54 24.4 Information Supplementation 54 ARTICLE 25. INFORMATION ACCESS AND AUDIT RIGHTS 55 25.1 Information Access. 55 25.2 Reporting of Non-Force Majeure Events. 55 25.3 Audit Rights. 56 25.4 Audit Rights Periods. 56 25.5 Audit Results. 56 ARTICLE 26. SUBCONTRACTORS 56 26.1 General. 56 26.2 Responsibility of Principal. 57 26.3 No Limitation by Insurance 57 ARTICLE 27. DISPUTES 57 27.1 Submission 57 27.2 External Arbitration Procedures. 57 27.3 Arbitration Decisions. 58 27.4 Costs. 58 27.5 Termination 58 ARTICLE 28. REPRESENTATIONS, WARRANTIES AND COVENANTS 58 28.1 General. 58 ARTICLE 29. MISCELLANEOUS 59 29.1 Binding Effect. 59 29.2 Conflicts. 59 29.3 Rules of Interpretation 59 29.4 Compliance 60 29.5 Joint and Several Obligations. 60 29.6 Entire Agreement. 60 29.7 No Third Party Beneficiaries. 60 29.8 Waiver 60 29.9 Headings. 61 29.10 Multiple Counterparts. 61 29.11 Amendment. 61 29.12 Modification by the Parties. 61 29.13 Reservation of Rights. 61 29.14 No Partnership 62 29.15 Other Transmission Rights. 62 Appendices STANDARD LARGE GENERATOR INTERCONNECTION AGREEMENT THIS STANDARD LARGE GENERATOR INTERCONNECTION AGREEMENT

  • Compliance with U.S. Securities Laws; Regulatory Compliance Notwithstanding any provisions in this Receipt or the Deposit Agreement to the contrary, the withdrawal or delivery of Deposited Securities will not be suspended by the Company or the Depositary except as would be permitted by Instruction I.A.(1) of the General Instructions to the Form F-6 Registration Statement, as amended from time to time, under the Securities Act.