Mandatory Change definition
Mandatory Change means a Change which is required as a consequence of any change in Regulation on or subsequent to the date hereof in order for (i) a Recipient to receive Services or to perform Recipient Dependencies and/or (ii) a Provider to provide (or procure the provision of) Services or to perform any of its other obligations under this TSA, in each case in compliance with Regulation;
Mandatory Change has the meaning given in Section 2.06;
Mandatory Change. Changes that (a) involves a request by ▇▇▇▇▇▇ or Client for the provision of Services to a new Affiliate of ▇▇▇▇▇▇, (b) are necessary to implement new or modified ▇▇▇▇▇▇ or Client policies, which will in any event be processed as a Change, (c) are necessary to effect compliance with a new or modified Client Law, Compliance Directive or Ridge Law or (d) are identified in this Agreement as a Mandatory Change or a Change that is to be implemented in accordance with the Change Control Procedures applicable to Mandatory Changes. Upon receipt of a request for a Mandatory Change, and subject to the “Development Scheduling” Service Level, Broadridge or Ridge shall provide a fee estimate for each Mandatory Change and provide the schedule when such change will be implemented. If such schedule is not acceptable to ▇▇▇▇▇▇ or Client, Broadridge or Ridge and ▇▇▇▇▇▇ and Client shall negotiate in good faith an accelerated schedule for the implementation of such change. Notwithstanding any provision to the contrary in this Section IV, all Mandatory Changes shall be implemented (i.e., neither party shall have the right to refuse to approve or implement such Change) in accordance with the Change Control Procedures. Any dispute or disagreement regarding any Mandatory Change (including, without limitation, issues regarding fees, Service Levels, specifications for deliverables and the implementation of the Mandatory Change) shall not delay the implementation of the Mandatory Change. For the avoidance of doubt, the Change Control Procedures applicable to Mandatory Changes shall not apply to, and shall not relieve Broadridge or Ridge from, changes Broadridge or Ridge is otherwise required to make pursuant to this Agreement.
Examples of Mandatory Change in a sentence
From and after the date that is 31 days following the consummation of a Change of Control Event until the Mandatory Change of Control Redemption has been consummated, the Distribution Rate payable by the Partnership on the Class A Preferred Units shall increase by 7.0% per annum for all periods set forth in the definition of Distribution Rate.
No waiver of any right or remedy of the Lender hereunder shall be effective unless in writing and signed by the Lender and any waiver granted by the Lender shall be effective only to the extent and in the circumstances specified therein.
The Parties shall work together in good faith to mitigate the consequences of any delay in implementing the Mandatory Change beyond the date required to comply with the Regulation.
The applicable Specifications shall be construed as incorporating the Mandatory Change.
Any such variations shall be deemed to be a Mandatory Change for the purposes of Schedule 9 (Change Control Request Procedure).
More Definitions of Mandatory Change
Mandatory Change means a change to the Product that is required by law, to satisfy governmental standards or for safety reasons.
Mandatory Change means a Change initiated by TELUS relating to: (i) a change to a TELUS corporate policy that applies to all applicable TELUS Affiliates and service providers; provided however that a change to a corporate policy which requires TI to terminate or relocate Services will be dealt with as a Regular Change Request under Section 5.2; or (ii) compliance by TELUS with applicable Laws (including regulatory requirements) that TELUS specifies to TI as being mandatory.
Mandatory Change has the meaning set forth in Section 4.1.
Mandatory Change has the meaning set forth in Section 0 below.
Mandatory Change means any change requested by Customer, that, (a) the Service Provider has the capability to deliver as part of its general commercial offering and (b) in the reasonable judgment of Customer: (i) is required by applicable Laws; (ii) arise from changes which are stated in this Agreement to be at Customer’s discretion; (iii) is reasonably required for Service Provider to perform services critical to Customer’s business where such services are not within the scope of the Services, but are not materially different in nature or kind from the Services; (iv) is a change to any Customer policies, standards or procedures disclosed or referenced in this Agreement; (v) is critical to Customer’s business objectives as made known to Service Provider by Customer; (vi) is required to protect Customer’s customers’ welfare or public safety; (vii) is of the nature of a change in volumes or increase or reductions in Services or elimination of Services; or (viii) without reference to (i)(vii) above, is otherwise described as a Mandatory Change in this Agreement.
Mandatory Change shall have the meaning given in clause 15.3.1.1;
Mandatory Change means any Change which either one party or both parties are required to implement as part of this Agreement and which is necessitated by, or results directly from: