Consequences of Change in Law Sample Clauses

Consequences of Change in Law. (a) Provided that an Affected Party has complied and continues to comply with the obligations of Clauses 12.2 and 12.3, that Affected Party shall be entitled to the following relief, effective from the date on which notice is given by that Affected Party pursuant to Clause 12.2(a):
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Consequences of Change in Law. (a) If a Change in Law occurs or is shortly to occur, then either Party shall notify the other Party expressing its opinion on its likely effects and giving details of its opinion on whether:
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Consequences of Change in Law. (a) Subject to item (e) of this Clause 49.5, in the event that either Party believes that a Change in Law shall have occurred that has or will result in a material Change in Law Cost or Savings, such Party shall promptly deliver to the other Party a notice (a "Notice") identifying such Change in Law and the net amount of Change in Law Cost or Savings that have resulted or are reasonably expected to result from such Change in Law, subject in any event to the obligation of the Contractor to minimise such Change in Law Costs and to maximise such Savings in accordance with Good Manufacturing Practices. Such Party may from time to time deliver to the other Party additional Notices with respect to any Change in Law, provided that any such additional Notice shall be given not later than one (1) year after the Party giving such Notice knew of or should have known of such additional Change in Law Costs or realisation of such additional Savings resulting from the occurrence of the Change in Law.
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Consequences of Change in Law. (a) Provided that an Affected Party has complied with and continues to comply with the obligations of Clauses 12.2 and 12.3, either Party may give notice of termination of this Framework Agreement and/or any GTAs (in each case, to the extent that the same is affected by the Change in Law) if the Parties are unable to agree on any amendments to or modification of this Framework Agreement and/or any GTAs (in each case, to the extent that the same is affected by the Change in Law) as may be requested by a Party under Clause 12.3 within one hundred and twenty (120) days of the notice provided under Clause 12.2(a) of the Change in Law.
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Consequences of Change in Law. The Concessionaire shall not be allowed any relief and/or compensation for any Change in Law which is not a: (i) Qualifying Change in Law; or (ii) Fundamental Change in Law. 13 Delete Member if the Selected Bidder is a single entity. If a Qualifying Change in Law occurs, then the Concessionaire shall notify the KMC and NMCG of such Qualifying Change in Law along with details of: any necessary change in the Location Construction Plan, the Location O&M Manual or the Technical Specifications on the basis of which construction/renovation works and O&M services are required to be undertaken for the Facilities; any changes that are required to the terms of this Agreement to deal with such Qualifying Change in Law; any extension of the Scheduled Payment Milestone Completion Date or the Scheduled Construction Completion Date for relevant Location, to account for the delay, if any, resulting from the Qualifying Change in Law; and/or any increase in Costs that will result from the Qualifying Change in Law. As soon as practicable and in any event, within 30 days from the receipt of any notice from the Concessionaire under Article 13.2(b) above, the Parties shall agree on the consequences of the Qualifying Change in Law, as specified in the notice, and any way in which the Concessionaire can mitigate the effect of the Qualifying Change in Law, including: providing evidence that the Concessionaire has used reasonable endeavours (including, where practicable, the use of competitive quotes) to minimise any increase in Costs or oblige the Subcontractors to minimise any increase in Costs; providing evidence as to how the Qualifying Change in Law has affected prices of materials used for construction/renovation or O&M of STPs which are similar to the Facilities; and demonstrating to the KMC and NMCG that the Qualifying Change in Law is the direct cause of the increase in Costs or delay and the estimated increase in Costs, or extension of time could not reasonably be expected to be mitigated or recovered by the Concessionaire. If the Parties fail to agree on the consequences of the Qualifying Change in Law within 30 days from the receipt of any notice from the Concessionaire under Article 13.2(b) above, the dispute will be finally settled in accordance with the dispute resolution procedure set out in Article 21 (Dispute Resolution). If the Concessionaire has complied with Article 13.2 (c) above and the Parties mutually agree or it is determined in accordance with Article 13....
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Consequences of Change in Law. (a) A Change-in-Law, including a change relating to Taxes, shall not be deemed a Force Majeure Event.
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Consequences of Change in Law. The right of the BOT Company to any compensation due to a Change in Law shall be determined pursuant to Articles 22.10 and 22.11 of the BOT Contract. CHOICE OF LAW AND RESOLUTION OF DISPUTES
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Consequences of Change in Law. (a) The Concessionaire shall not be allowed any relief and/or compensation for any Change in Law which is not a: (i) Qualifying Change in Law; or (ii) Fundamental Change in Law.
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Consequences of Change in Law 
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Related to Consequences of Change in Law

  • 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:

  • 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 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:

  • 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.

  • Change of Law In this Agreement, unless the context otherwise requires, references to a statutory provision include references to that statutory provision as from time to time amended, extended or re- enacted and any regulations made under it, provided that in the event that the amendment, extension or re-enactment of any statutory provision or introduction of any new statutory provision has a material impact on the obligations of either Party, the Parties will negotiate in good faith to agree such amendments to this Agreement as may be appropriate in the circumstances. If, within a reasonable period of time, the Supplier/Service Provider and Transnet cannot reach agreement on the nature of the changes required or on modification of Prices, delivery schedules, warranties, or other terms and conditions, either Party may seek to have the matter determined in accordance with clause 32 [Dispute Resolution] above.

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