Event of Change definition

Event of Change shall have the meaning ascribed thereto in Section 6.01.

Event of Change means the enactment, promulgation, execution, or ratification of, or any change in or amendment to, any law, rule, or regulation (or the application or interpretation of any law, rule, or regulation) that occurs after the Trade Date of a Transaction (as defined in the relevant Confirmation) which would result in (a) the imposition of a withholding tax in a material amount (a "New Tax") by any government or taxing authority upon the making of payments (other than payments of interest) hereunder by a party (the "Burdened Party") with respect to such Transaction; or (b) the performance of any obligation of either of the parties or, if applicable, any Credit Support Provider of such parties under the Agreement being unlawful (an "Illegality").

Event of Change. Means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any Law that occurs after the Trade Date of a Transaction which would result in (a) the imposition of a new tax in a material amount by any government or taxing authority upon the making of payments (other than payments of interest by either of the Parties with respect to such Transaction); or (b) the performance of any obligation of either of the Parties under such Transaction being unlawful. If an occurrence that would give rise to an Event of Default also constitutes an Event of Change, such occurrence will be treated as an Event of Change. “Existing Technology” The software and intellectual property rights owned or licensed by Basis and its third-party partners, or any affiliate of Basis, in connection with the Platform or Platforms, which have been developed, used or operated by Basis. “External Feed” An automated price stream that requires completion of a validation check by some automated process outside the control and premises of the Basis Platforms. “FCA” The Financial Conduct Authority. “FCA Rules” The rules, regulations and guidelines of the FCA together with the Investment Business Act of 2003, the Proceeds of Crime Act of 2008, and any rules or regulations promulgated pursuant thereto. “Fees” Fees are defined in Section 2.21). “Floating Gain/Loss” The total of all open positions on your account, marked to market “Governmental Authority” Any national, federal, state, provincial, county, municipal, or local government, foreign or domestic, or the government of any political subdivision of any of the foregoing, or any entity, authority, agency, ministry or other similar body exercising executive, legislative, judicial, regulatory or administrative authority or functions of or pertaining to government, including any authority or other quasi- governmental entity established to perform any of such functions. “Basis Party” Basis, its Platforms, its affiliates, and their respective representatives. “IM Factor” The percentage or multiplier specified by Basis (in its absolute discretion) in relation to a particular market. “Implied Volatility” The estimated volatility of the price of the underlying market between the time of calculation and the time of expiry. “Initial Margin” The funds required by Basis for a user to open (and maintain) a trade. “IP Rights” IP rights are defined in Section 2.19). “Law” All applicable laws, rules, regulations, judgements,...

Examples of Event of Change in a sentence

• Notwithstanding the foregoing, dividends and distributions other than regular quarterly cash dividends, if any, may result in an adjustment pursuant to the “Adjustment in the Event of Change in Stock; Disaffiliation” section above.

• During the period between the date on which notice of the Event of Change is received and the designated Accelerated Termination Date, both parties shall make reasonable efforts to avoid the situation so that the performance of this Agreement can continue with respect to those Transactions affected by the Event of Change; provided that this Section 7(a) will not impose on either party any obligation other than to negotiate in good faith to make arrangements that will not adversely affect such party.

• If Executive receives any payment under Section 3.6 of the SCA (Termination of Employment in Event of Change of Control), Executive and Employer agree this Agreement shall automatically terminate along with all of Executive’s interests herein and further agree that no benefits pursuant to this Agreement shall be payable by Employer to Executive’s beneficiaries.

• Upon the occurrence of an Event of Change contemplated by paragraph 6.01(a), both parties shall make reasonable efforts to make arrangements to avoid the imposition of any tax contemplated by paragraph 6.01(a); provided that this Section 6.02 shall not impose on either party any obligation other than to negotiate in good faith to make such arrangements as will not adversely affect the parties.

• If an Event of Change shall occur, the Burdened Party in the case of a New Tax or either Party in the case of an Illegality shall, promptly upon becoming aware of it, notify the other Party of the occurrence of such Event of Change.

More Definitions of Event of Change

Event of Change means the enactment, promulgation, execution, or ratification of, or any change in or amendment to, any law, rule, or regulation (or the application or interpretation of any law, rule, or regulation) that occurs after the Trade Date of a Transaction which would result in (i) the imposition of a withholding tax in a material amount by any government or taxing authority upon the making of payments (other than payments of interest) hereunder by either of the parties with respect to such Transaction; or (ii) the performance of any obligation of either of the parties or its Credit Support Provider, if any, under the Agreement being unlawful.

Event of Change means a material event which comes about as a result of changes in legislation, regulation or administrative policy, including opinions, decisions and enactments, which have become final and non-appealable, of any applicable government, governmental agency, or instrumentality ("Government") which shall include, but not be limited to, the PSC, the PUC and the FERC, which changes were not in effect at the time of execution hereof and are not specifically and exclusively directed at a Party, save and except for costs that have specifically been disallowed by Government for inclusion in Customer's rates, whether relating to export and import requirements, taxes or other levies, environmental regulation, or regulation of the trade, transportation, or supply of gas or hydrocarbons, and results in economic loss to a Party to the extent that it is impracticable for it to make any profit on the transactions contemplated by this Contract, as a result of the Event of Change ("Financial Hardship'), provided that the term Event of Change does not include (i) events caused by a default or financial difficulty, lack of funds, wilful misconduct or negligence of a Party to this Contract, (ii) changes not imposed by Government in the market for, or the price of, gas or the services to be provided hereunder, (iii) any disputes with a third Party, or (iv) any change in rates or rate structure of any service provider being utilized by SCPL in providing service hereunder to Customer.

Event of Change shall have the meaning ascribed to it in Article XII of the Contract;

Event of Change means any of the following events:

Event of Change. Means the enactment, promulgation, execution, or ratification of, or any change in or amendment to, any Law that occurs after the Trade Date of a Transaction which would result in

Event of Change is defined in Section 7.

Event of Change means: