Impact of Regulatory Changes Sample Clauses

Impact of Regulatory Changes. Notwithstanding anything in this Part III to the contrary, Defendants shall not be required to comply with any provision of this Part III should Congress, the Department of Labor, or any other applicable regulatory or self-regulatory body impose substantive requirements that render such compliance unduly burdensome, whether through statute, regulation, guidance, or otherwise (“Regulatory Change”). Defendants shall have the right, at their sole option, to modify any of the commitments described in Sections 3.2 or 3.3 following such a Regulatory Change; provided, however, that, in the event of a Regulatory Change that affects only certain of the provisions of this Part III, Defendants shall be required to continue to comply with all other provisions of Part III that are not affected by the Regulatory Change. In the event of a Regulatory Change, (i) Defendants shall notify Class Counsel about the change and Defendants’ resulting modification, and (ii) Defendants’ compliance with the new regulatory requirements and/or guidance shall be deemed compliant with the terms of this Agreement.
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Impact of Regulatory Changes. 23 (a) Notwithstanding anything in this Part III to the contrary, Defendants shall 24 not be required to comply with any provision of this Part III should Congress, the 25 Department of Labor, or any other applicable regulatory or self-regulatory body impose 26 substantive requirements that render such compliance unlawful, whether through statute, 27 regulation, guidance, or otherwise (“Regulatory Change”).
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Impact of Regulatory Changes. (a) Notwithstanding anything in this Section III to the contrary, Defendants shall not be required to comply with any provision of this Section III should any change in applicable law render such compliance unlawful or unreasonably burdensome or prohibitively expensive.
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Impact of Regulatory Changes. BNZ is subject to financial services laws, regulations, administrative actions and policies in the locations in which it, its parent group and their funding sources operate. Changes in supervision and regulation could materially affect BNZ’s business, the products and services offered or the value of its assets. Although BNZ works closely with its regulators and continually monitors the situation, future changes in regulation, fiscal or other policies can be unpredictable and are beyond the control of BNZ. Governments and other industry participants globally are undertaking a significant amount of further analysis on the underlying factors contributing to recent financial market disturbance and considering possible regulatory and industry responses. Any such regulatory responses implemented may increase the regulatory risk associated with the financial services industry generally and have an impact on the respective operations of BNZ. Governmental and regulatory authorities in New Zealand are implementing measures to increase regulatory control in their respective banking sectors, including imposing enhanced capital requirements or imposing conditions on direct capital injections, funding and liquidity. Such regulatory changes and any future regulatory changes may potentially restrict or interfere with the operations of BNZ and its subsidiaries in the relevant jurisdictions, mandate certain lending activity and impose other compliance costs. It is uncertain how the more onerous regulatory climate will impact financial institutions, including BNZ. Competition in the banking industry BNZ faces competition from both existing financial service providers and new entrants. Customers are able to choose from a number of providers in all of the areas of financial services provided by BNZ, including the residential lending market. Risks that may affect BNZ’s ability to obtain new customers and retain existing customers, thereby affecting the profitability of BNZ, include, but are not limited to, the relative position of BNZ against its competitors in the: (a) pricing and performance of products and services; (b) convenience and ease of access to products and services; (c) level and efficiency of service provided; and (d) ability to develop new products and services to meet the changing needs of customers. Pending proceedings or arbitration Various actions, disputes, arbitrations and legal proceedings, arising from the normal course of business to which members of th...
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Related to Impact of Regulatory Changes

  • Regulatory Changes If any legislative, regulatory, judicial or other legal action (other than an Amendment to the Act, which is provided for in Section 29.3) materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days written notice to the other Party (delivered not later than thirty (30) days following the date on which such action has become legally binding), require that the affected provision(s) be renegotiated, and the Parties shall renegotiate in good faith such mutually acceptable new provision(s) as may be required; provided that such affected provisions shall not affect the validity of the remainder of this Agreement.

  • STATUTORY CHANGES All references to sections of the Exchange Act or the Code shall be deemed also to refer to any successor provisions to such sections.

  • Policy Changes 9 a. NOTICE...............................................................9 b. INCREASES............................................................9 c.

  • Change in Guidelines Prior to Sentencing The defendant agrees that if any applicable provision of the Guidelines changes after the execution of this plea agreement, then any request by defendant to be sentenced pursuant to the new Guidelines will make this plea agreement voidable by the United States at its option. If the Government exercises its option to void the plea agreement, the United States may charge, reinstate, or otherwise pursue any and all criminal charges that could have been brought but for this plea agreement.

  • Legislative Changes ‌ If the premium paid by the Employer for any employee benefit stipulated in this agreement is reduced as a result of any legislative or other action by the government of British Columbia, the amount of the saving shall be used to increase other benefits available to the employees, as may be mutually agreed to between the parties.

  • CHANGE IN LAWS AND COMPLIANCE WITH LAWS Performing Agency shall comply with all laws, regulations, requirements and guidelines applicable to a vendor providing services and products required by the Contract to the State of Texas, as these laws, regulations, requirements and guidelines currently exist and as amended throughout the term of the Contract. System Agency reserves the right, in its sole discretion, to unilaterally amend the Contract to incorporate any modifications necessary for System Agency’s compliance, as an agency of the State of Texas, with all applicable state and federal laws, regulations, requirements and guidelines.

  • Product Changes Vocera shall have the right, in its absolute discretion, without liability to End User, to update to provide new functionality or otherwise change the design of any Product or to discontinue the manufacture or sale of any Product. Vocera shall notify End User at least 90 days prior to the delivery of any Product which incorporates a change that adversely affects form, fit or function (“Material Change”). Vocera shall also notify End User at least 90 days prior to the discontinuance of manufacture of any Product. Notification will be made as soon as reasonably practical for changes associated with regulatory or health and safety issues.

  • CLEC Requested Changes 58.9.1 CLEC may submit a request to negotiate and pay for changes in the content and format of the usage data transmitted by CenturyLink.

  • Private Letter Ruling or Change or Clarification of Law At Interconnection Customer’s request and expense, Transmission Owner shall file with the IRS a request for a private letter ruling as to whether any property transferred or sums paid, or to be paid, by Interconnection Customer to Transmission Owner under this GIA are subject to federal income taxation. Interconnection Customer will prepare the initial draft of the request for a private letter ruling, and will certify under penalties of perjury that all facts represented in such request are true and accurate to the best of Interconnection Customer’s knowledge. Transmission Owner and Interconnection Customer shall cooperate in good faith with respect to the submission of such request. Transmission Owner shall keep Interconnection Customer fully informed of the status of such request for a private letter ruling and shall execute either a privacy act waiver or a limited power of attorney, in a form acceptable to the IRS, that authorizes Interconnection Customer to participate in all discussions with the IRS regarding such request for a private letter ruling. Transmission Owner shall allow Interconnection Customer to attend all meetings with IRS officials about the request and shall permit Interconnection Customer to prepare the initial drafts of any follow-up letters in connection with the request.

  • GSA Changes Where NYS Net Prices are based on an approved GSA Schedule, the date the approved GSA Schedule pricing decreases during the Contract term; or

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