Regulatory Responses Clause Samples
The Regulatory Responses clause outlines the procedures and obligations that parties must follow in the event of changes to laws, regulations, or government policies that affect the agreement. Typically, this clause requires the parties to notify each other if a new regulation impacts their ability to perform under the contract, and may provide for renegotiation, amendment, or even termination if compliance becomes impossible or unduly burdensome. Its core function is to allocate risk and provide a clear mechanism for adapting the agreement to evolving legal requirements, thereby ensuring continued compliance and minimizing disruption.
Regulatory Responses. Each party shall promptly provide to all other parties copies of responses to no-action requests, notices, orders and other rulings received by such party with respect to any filing covered by Section 4.7 of this Agreement.
Regulatory Responses. Intentionally Omitted.
Regulatory Responses. Each party shall promptly provide to all other parties, upon request, copies of responses to no-action requests, notices, orders and other rulings received by such party with respect to any filing covered by Section 4.13 of this Agreement. In the event the Company receives a response from the SEC or other regulatory authority that asks for information about the Trust, Distributor or any of their affiliates, the Company shall promptly notify the Trust and the Distributor of such regulatory response.