Change in Applicable Law definition

Change in Applicable Law means, to the extent occurring after the Effective Date, (a) the enactment or promulgation of a new or modification of an existing provision of Applicable Law; or (b) a decision, order, decree, ruling or opinion of a Governmental Authority containing an interpretation of a provision of Applicable Law, but only to the extent that a party is advised by its counsel that such decision, order, decree, ruling or opinion is binding on or applicable to the Program, Bank or Company.

Change in Applicable Law means If, after Effective Date of this Agreement, any law, regulation, ordinance, order or by-law having the force of law is enacted, promulgated, abrogated or amended (which shall be deemed to include any change in interpretation or application the competent authorities). Such changes will not invalidate the Agreement, but the impact of the changes will be settled on mutually agreed terms.

Change in Applicable Law means any amendment, modification, superseding act, deletion, addition or change in or to Applicable Law (including any change in interpretation of Applicable Law) that occurs, takes effect, is enacted or is issued after the Effective Date affecting Company, Owner, Subcontractor, the Project, the Project Site, the performance of the Work or other services to be performed under this Agreement; provided that any amendment, modification, superseding act, deletion, addition or change in or to Applicable Law (including any change in interpretation of Applicable Law) (a) which was passed by the applicable Government Authority on or prior to the Effective Date but not effective until after the Effective Date, (b) constituting a change in federal, state or local income tax law, (c) constituting a change in the requirements for obtaining or maintaining any Applicable Permit, and (d) any periodic revision of the monthly minimum wage shall not be deemed a Change in Applicable Law.

Examples of Change in Applicable Law in a sentence

• If, in the Buyer’s sole discretion, the Parties are unable to reform the Transactions as described above, Buyer may, at its sole option and at any time following the Change in Applicable Law, terminate the applicable Transactions without terminating the remainder of this Agreement and calculate a Termination Payment, which for the purposes of this Section only will be calculated as the amount of Quantity remaining to be delivered in the then-current Compliance Year, multiplied by [$175].

• In the event that there is a Specific Change in Applicable Law (other than as referred to in Clause 21.1.2) such that as a consequence of such change the Operator incurs an unavoidable material change in Operating Costs or is reasonably likely to suffer an unavoidable material change in Revenue then the Operator must advise the Scottish Ministers and either Party will be entitled to request a Revised Base Case Recalculation in accordance with Schedule 13 Part A, Paragraph 3.1.

• Weighting of the sample ensures the estimates are representative of the whole population and compensates for differential non-response among different sub-groups.

• No Change in Applicable Law that eliminates, reduces or otherwise modifies any obligations of a Buyer to obtain Renewable Energy Benefits to comply with Applicable Law shall, in any such case, modify the obligations of the Parties hereunder.

• Change in Applicable Law related to taxes and duties If, after the date of this Contract, there is any change in the Applicable Law with respect to taxes and duties which increases or decreases the cost incurred by FMC in performing the Services, then the remuneration and reimbursable expenses as otherwise payable to the FMC under this Contract shall be increased or decreased accordingly by agreement between the parties hereto.

More Definitions of Change in Applicable Law

Change in Applicable Law means (i) any change, repeal, withdrawal, adoption or issuance of any statute, law, rule, regulation, ordinance, order, decision, decree, judgment, ruling or notice issued by any U.S. federal governmental authority that Kolltan and Spirogen agree, in good faith and after consultation with their tax advisors, either (A) requires a different characterization of the licenses granted pursuant to Section 2.1 than the characterization described in Sections 11.11(a)(i) and (ii), or (B) would cause any one or more of the payments referenced in Section 11.11(b) hereof to be subject to U.S. federal withholding tax under any provision of the Code (including Code Section 881(a)(4)), applicable Treasury regulation or relevant tax treaty; or (ii) a nationally recognized accounting firm acting as Kolltan’s auditor or a nationally recognized accounting firm acting as Kolltan’s U.S. federal income tax return preparer determines, in good faith and after consultation with Kolltan’s other tax advisors and good faith discussions with Spirogen, that either (A) a different characterization of the licenses granted pursuant to Section 2.1 than the characterization described in Sections 11.11(a)(i) and (ii) is required by applicable U.S. tax law, or (B) any one of more of the payments referenced in Section 11.11(b) hereof are subject to U.S. federal withholding tax under any provision of the Code (including Code Section 881(a)(4)), applicable Treasury regulation or relevant tax treaty.

Change in Applicable Law means, to the extent occurring after the Effective Date, (a) the enactment or promulgation of a new or modification of

Change in Applicable Law means a change which is specified in terms of its requirements and the date of commencement is intimated after the 5 March 2012. (For the avoidance of doubt a change where the change commences following the 5 March 2012 but is intimated before that date is not a Change in Applicable Law).

Change in Applicable Law means the occurrence of any of the following events on or after the Execution Date: (i) the entry into force or adoption of a law, decree, resolution or treaty; (ii) the change in the administration, interpretation and/or application of the foregoing by any Governmental Authority; (iii) the entry into force or mandatory adoption of requirements, guidance, resolutions or guidelines promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any of its successors) or any Governmental Authority of Colombia, Luxembourg and/or El Salvador, in connection with the Basel III Accords; (iv) any amendment to a law, decree, resolution or regulation, whether in interpretation or application thereof, by a Governmental Authority; or

Change in Applicable Law means the coming into effect, after Commencement Date, of:

Change in Applicable Law means the coming into effect into England and/or Wales and/or Scotland, after the date of this Agreement of: (a) any applicable law (other than legislation published prior to the date of the Agreement in a draft bill as part of a governmental departmental paper, in a bill, in a draft statutory instrument or as a proposal in the official journal of the European Communities) or the repeal, amendment or variation to applicable laws; or ACS PUBLIC

Change in Applicable Law means a change in or modification, amendment or restatement of, or a change in or modification, amendment or restatement of the interpretation by the applicable Governmental Authority of, the Applicable Law of the Ceding Company Domiciliary State.