QUALIFYING REGULATORY EVENT Sample Clauses
A Qualifying Regulatory Event clause defines specific regulatory changes or actions that trigger certain rights or obligations under an agreement. Typically, this clause outlines what constitutes a qualifying event, such as new laws, amendments, or regulatory decisions that materially impact the parties’ ability to perform their contractual duties. For example, if a government agency imposes new restrictions that affect the subject matter of the contract, this clause may allow for renegotiation or termination. Its core function is to allocate risk and provide a clear mechanism for addressing unforeseen regulatory changes that could otherwise disrupt the agreement.
QUALIFYING REGULATORY EVENT. If a Qualifying Regulatory Event occurs, the Parties shall use their best efforts to reform this ESA to give effect to the original intent of the Parties. If a Qualifying Regulatory Event affects Competitive Supplier and Competitive Supplier incurs excess or reduced costs as a result thereof, such amount shall be allocated to and collected from Participating Customers on a per kWh basis through applicable monthly invoice(s).
QUALIFYING REGULATORY EVENT. A Regulatory Event that impacts or provides opportunity for substantially all consumers in the same rate class, but not including a Regulatory Event that applies uniquely to Competitive Supplier’s consumers.