Market Change definition

Market Change means any change in the ISO Tariff, including without limitation Section III thereto, Market Rule 1 – Standard Market Design.

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Market Change means any change in the PJM Tariff, as well as any other significant and material change to the Tariff or the operation of the PJM Markets.

Market Change to read as follows:

Examples of Market Change in a sentence

While it is anticipated that a Strategic Market Change will be national in scope, and that Licensor's response thereto will be similarly uniform, Licensor shall be entitled, subject to Section III.B.4., to respond under this Section III.H. to Strategic Market Changes affecting a more limited class or classes of markets.
For the purposes of this Section III.H., a "Strategic Market Change" shall mean any change in economic, demographic, technological, regulatory or competitive conditions which Licensor reasonably believes requires a material modification in the manner in which the Primary Services, the Core Products, the Additional Products or the Additional Services, or any of them, are marketed or delivered, in order to continue the successful promotion of the Marks to achieve or maintain the National Brand Goal.
In the event that a Catastrophic Market Change (as hereinafter defined) occurs with respect to the market in which a Leased Property is located, Lessor agrees, upon written request from Lessee, to consider in good faith marketing such Leased Property for sale to a third party; provided, however, that the Lessor shall have no legally binding obligation to market or sell the Leased Property.
If the Buyer seeks to amend the Agreement, the Buyer must demonstrate that the Market Change has had a material adverse impact on economic benefits flowing to ratepayers.
How Seller’s delivery obligation shall be redefined shall be determined by the nature of the Market Change while giving effect to the original intention of the Parties.

More Definitions of Market Change

Market Change in any given year shall mean [* * *]. In the event of a Market Change, the applicable volume level referred to in clause (a) above shall be reduced by [* * *].

Market Change means, in respect of any Total Return Security referenced in a TRS Transaction and any Business Day, the product of:

Market Change means any change to the single electricity market (other than the introduction of I-SEM) the TSC or any other Applicable Legal

Market Change means any change to the single electricity market (other than the introduction of I-SEM) the Trading and Settlement Code or any other Applicable Legal Requirements which has a material effect on the Agreement or the parties to the Agreement;

Market Change means a change that has occurred in the relevant financing markets in Chile such that (a) the Recommended QLF cannot be consummated substantially on the terms and conditions expected at the time that the Local Arranger recommended the Recommended QLF, and (b) the Recommended QLF, if consummated, would not constitute a Qualified Local Financing.

Market Change means (i) a change in applicable law, industry rules or regulatory environment such that either party’s obligations hereunder become illegal, (ii) at least one third-party provider offers substantially the same or better functionality or processes as any Service, or (iii) a Service has been rendered substantially obsolete by the introduction of new technology that performs such Service faster, cheaper or more efficiently; provided, with respect to subsections (ii) and (iii) above, any such occurrence results in a material adverse impact to the party seeking to terminate this Agreement hereunder. For the purposes of the preceding sentence, “material adverse impact” shall mean a negative impact equal to or greater than [*] of the applicable Fees payable annually hereunder.

Market Change means the increase (expressed as a percentage), if any, of (i) the average closing price of the Amex Biotechnology Index during the ten trading days commencing on the date Buyer makes the first announcement regarding the results of PC4 over (ii) the average closing price of the Amex Biotechnology Index during the ten trading days preceding the announcement of the execution of this Agreement.