Statutory Amendment Sample Clauses
A Statutory Amendment clause defines how a contract will adapt to changes in relevant laws or regulations after the agreement is signed. Typically, this clause allows the parties to modify their obligations or the contract terms if new statutes, regulations, or government directives come into effect that impact the agreement. For example, if a new tax law changes the cost structure of a service, the contract may be adjusted to reflect this. The core function of this clause is to ensure the contract remains compliant and fair in the face of evolving legal requirements, thereby reducing the risk of breach or unenforceability due to unforeseen legislative changes.
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Statutory Amendment. It is anticipated that during the term of this charter there may be substantive and numerical amendments to the federal, state, and local statutes, regulations, rules and policies that are referenced in this Charter. If any federal, state or local statute, regulation, rule or policy is renumbered and/or amended then the reference to that statute, regulation, rule or policy is intended to reflect the renumbering or amendment. If any state or federal statute affecting the School is amended or enacted during the term of this charter in such a manner as to make any provision of this Charter invalid or contrary to law in effect after such amendment, then the parties agree that they will meet to discuss an amendment to this Charter to rectify the conflict. If the parties are unable to agree to an amendment, then, within thirty (30) days of written notice by either party that the agreement to a requested amendment cannot be reached, the parties will submit to the dispute resolution process as set forth in this charter.
Statutory Amendment. It is anticipated that during the term of this Charter there may be substantive and numerical amendments to the federal, state, and local statutes, regulations, rules and policies that are referenced in this Charter. If any federal, state or local statute, regulation, rule or policy is renumbered and/or amended then the reference to that statute, regulation, rule or policy is intended to reflect the renumbering or amendment. If any state or federal statute affecting the School is amended or enacted during the term of this Charter in such a manner as to make any provision of this Charter invalid or
Statutory Amendment. One possible amendment to the existing HSR statute might provide as follows: No later than the end of the seventh day after the beginning of the waiting period as defined in subsection (b)(1)(A) of this section, the Federal Trade Commission or the Assistant Attorney General shall inform both persons (or in the case of a tender offer, the acquiring person) whether the Federal Trade Commission or the Assistant Attorney General will have the authority to issue a request for additional information (if any) pursuant to this subsection. If such an amendment were created, specification of a tie-breaker in the statute likely would not be necessary, as DOJ and FTC would be required to reach some resolution within a set time.