Common use of REGULATORY BODIES Clause in Contracts

REGULATORY BODIES. 1. This Agreement is subject to all present and future valid laws and lawful orders of all regulatory bodies now or hereafter having jurisdiction of the parties, or either of them; and should either of the parties, by force of such law or regulation imposed at any time during the term of this Agreement, be ordered or required to do any act inconsistent with the provisions of this Agreement, the Agreement shall continue nevertheless and shall be deemed modified to conform with the requirements of such law or regulation.

REGULATORY BODIES. 1. This Agreement is subject to all present and future valid laws and lawful orders of all regulatory bodies now or hereafter having jurisdiction of the parties, or either of them; and should either of the parties, by force of such law or regulation imposed at any time during the term of this Agreement, be ordered or required to to. do any act inconsistent with the provisions of this Agreement, the Agreement shall continue nevertheless and shall be deemed modified to conform with the requirements of such law or regulation.