Statutory Modifications Sample Clauses
The Statutory Modifications clause defines how changes in relevant laws or regulations will affect the terms of the contract. It typically stipulates that if a statute is amended, repealed, or replaced, references in the contract will automatically be interpreted to refer to the updated law. For example, if a tax law cited in the agreement is revised, the contract will apply the new version without needing a formal amendment. This clause ensures the contract remains compliant and up-to-date with legal requirements, preventing disputes or confusion arising from legislative changes.
Statutory Modifications. All references in this Agreement to the provisions of any statute shall be deemed to be references to that statute as from time to time modified, extended, amended or re-enacted or to any statutory instrument, order or regulation made thereunder or under such re-enactment.
Statutory Modifications. Should any provision of this agreement be declared illegal by a court of competent jurisdiction or as a result of state or federal legislation, said provision shall be automatically modified by mutual agreement to the extent that it violates the law. The remaining provisions shall remain in full force and effect for the duration of this agreement if not affected by the deleted provision.
Statutory Modifications. Any reference to any statute or any section thereof includes any amendment modification consolidation or re-enactment thereof and any statutory instrument or regulation made thereunder for the time being in force.
Statutory Modifications. All references in this Principal Trust Deed to the provisions of any statute shall be deemed to be references to that statute as from time to time modified, extended, amended or re-enacted or to any statutory instrument, order or regulation made thereunder or under such re-enactment.