Change in Law Event definition

Change in Law Event means the occurrence of a Change in Law that necessitates the expenditure, commitment or obligation of or for Compliance Costs.

Change in Law Event means the occurrence of a Change in Law that necessitates the expenditure of Compliance Costs.

Change in Law Event means the occurrence of a Change in Law that requires the expenditure of Compliance Costs by Carrier, irrespective of whether such Compliance Costs are to be incurred as a one- time expenditure or periodically for an extended period.

Examples of Change in Law Event in a sentence

• Subject to the provisions of the COGAs, to the extent Carrier becomes obligated as a result of a Change in Law Event to bear Compliance Costs, Carrier shall have the right to increase the gathering rates or implement a surcharge or other charge in the applicable tariff to allow Carrier to recover such Compliance Costs.

• Subject to the provisions of the TSAs, to the extent Carrier becomes obligated as a result of a Change in Law Event to bear Compliance Costs, Carrier shall have the right to increase the transportation rates or implement a surcharge or other charge in the applicable tariff to allow Carrier to recover such Compliance Costs.

• Furthermore, an extraordinary termination is pos- sible in the cases provided for in the applicable Conditions, for example in the case of disruptions of trading in the Underlying or in financial instruments linked to the Underlying (including the futures and lending market) or if an Additional Disruption Event or a Change in Law Event exists.

• A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.

• General Instrument Condition 16 (Change in law) shall apply to any Sanction Event and give the Issuer the right to exercise the Securities upon the occurrence of such an event as it would apply to any Change in Law Event under General Instrument Condition 16 (Change in law).

More Definitions of Change in Law Event

Change in Law Event means that, due to (A) the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law) on or after the Issue Date of the Notes; (B) the cumulative effect of more than one adoption of or change in any applicable law or regulation on or after the Issue Date of the Notes, or (C) the promulgation of or any change in the interpretation by any court, tribunal, government or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority) on or after the Issue Date of the Notes, the Issuer determines in good faith that it will incur a materially increased cost in performing its obligations under the Notes (including to maintain any Transaction Agreement).

Change in Law Event means a Change in Law (as defined in the Indenture) that negatively and materially affects the enforceability of the Security Documents with material impact on the Investors’ economic interest or the Investors’ right to receive amounts due under the Indenture and the Notes.

Change in Law Event means the occurrence of any change in law, directive, rule, regulation and/or legislation or any interpretation by a regulator of Applicable Laws or any directive or instruction issued by a regulator (irrespective of whether such event occurred prior to the Issue Date or thereafter) which results (or will in the future result) in the Sub-Series of Notes not, or no longer, being economically viable for the Issuer tohave outstanding, in the sole discretion of the Issuer; and

Change in Law Event if specified as applicable, a Change in Law Event, the Issuer will give a Notice of Redemption and will redeem all of the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;

Change in Law Event means the occurrence of a Change of Law that necessitates the expenditure of Compliance Costs.

Change in Law Event means the occurrence of any of the following which in the reasonable opinion of a party has or is likely to have a material adverse impact on that party: (a) any change in any applicable law, rule or regulation in the United States of America, or any political subdivision thereof, excluding a Change in Tax Law, (b) any change in or, in the interpretation or application of, generally accepted accounting principles in the United States, or (c) any change in, or notification or instruction given in relation to, the capital adequacy or other prudential requirements, standards or guidelines imposed, applied or administered by any regulatory authority with competent jurisdiction in the United States affecting the Optionor.

Change in Law Event means the enactment of, and the coming into effect of, after the Proposal Due Date: any applicable Law; or any modification (including repeal) of any applicable Law existing on the Proposal Due Date, including but not limited to revised professional and technical standards as set forth in Section 6.1(G) (Technical Standards and Codes), which is different from applicable Laws in effect on the Proposal Due Date and compliance with which, in accordance with the Contract Standards: materially expands the scope of or materially interferes with, delays or increases the cost of the Contract Services. It is specifically understood, however, that none of the following shall constitute a “Change in Law Event”: