Common use of Termination for Change in Law Clause in Contracts

Termination for Change in Law. Voya may terminate the Agreement upon 90 days’ notice (or such earlier period of time as required by a Governmental Authority) to BNY Mellon if a change in Law or an applicable Governmental Authority imposes a binding restriction or requirement that makes, or shall make, it impossible or substantially impracticable for Voya to continue to receive the Services; provided that (a) the Parties shall negotiate in good faith a work-around with respect to such change in Law or binding restriction or requirement during such 90-day period; and (b) if Voya terminates the Agreement pursuant to this Section, Voya shall pay 50 percent of the Termination Fees.