Common use of Future Laws Clause in Contracts

Future Laws. The Purchaser shall only be entitled to claim under the Environmental Indemnity the extent that the claim results from Environmental Laws which are in force and directly binding on the Purchaser or the relevant member of the Sale Group as at Completion. The Purchaser and each member of the Sale Group shall not be entitled to be paid under the Environmental Indemnity to the extent that the claim would not have arisen but for, results from or is increased by Environmental Laws which come into force after the date of Completion (except for the contaminated land provisions set out at the date of Completion in section 57 of the Environment Act 1995 and including the first set of regulations and guidance which comes into force, but not subsequent amendments to them) or changes in policy, guidance or practice by the relevant authorities after the date of Completion.

Appears in 1 contract

Sources: Agreement for the Acquisition of the Share Capital (Tidewater Inc)

Future Laws. The Purchaser shall only be entitled to claim under the Environmental Indemnity the extent that the claim results from Environmental Laws which are in force and directly binding on the Purchaser or the relevant member of the Sale Group as at Completion. The Purchaser and each member of the Sale Group shall not be entitled to be paid under the Environmental Indemnity to the extent that the claim would not have arisen but for, results from or is increased by Environmental Laws which come into force after the date of Completion (except for the contaminated land provisions set out at the date of Completion in section 57 of the Environment Act 1995 and ▇▇▇▇ ▇▇▇ including the first set of regulations and guidance which comes into force, but not subsequent amendments to them) or changes in policy, guidance or practice by the relevant authorities after the date of Completion.

Appears in 1 contract

Sources: Acquisition Agreement (Tidewater Inc)