Examples of Event of Change in a sentence
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.
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 or Specification shall, promptly upon becoming aware of it, notify the other party of the occurrence of such Event of Change.
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.
In addition, the Option Plan provides for limited continued vesting (commensurate with the applicable severance or notice period) where termination of employment occurs in certain circumstances following an Event of Change (as defined in the articles of the Corporation; see also “Voting Shares” above), and a corresponding extended grace period for the exercise of Options.