Examples of Discriminatory Change in Law in a sentence
A Discriminatory Change in Law is a change in law the terms of which specifically (and not merely indirectly or consequentially or by virtue of the disproportionate effect of any Change in Law that is of general application) apply to the project, the generation facility or NNBG, but not otherwise.
A QCIL is a Discriminatory Change in Law, a Specific Change in Law, a Specific Tax Change in Law, an Other Change in Law, or a Change in Regulatory Basis, in each case which is not foreseeable.
For avoidance of doubt, none of the following shall be a Discriminatory Change in Law: (i) the development, redevelopment, construction, maintenance, modification or change in the operation of any existing or new mode of transportation that results in the reduction of Gross Revenues or in the number of vehicles using the Project, (ii) any changes in Taxes of general application; or (iii) a Tax Imposition.
General Change in Law means a Change in Law which is not a Discriminatory Change in Law.
Notwithstanding anything contained in this definition, a Discriminatory Change in Nauruan Law does not include a Change in Nauruan Law which is necessary for the State to fulfil its Sponsorship Obligations.’14 Clause 75 defines very broadly the notion of Discriminatory Change in Law, extending it ‘without limitation’ to ‘changes in Nauruan Laws resulting in materially adverse increase in NORI’s tax burden’.