Adverse Change in Law Clause Samples

Adverse Change in Law. Changes in law or in the --------------------- regulatory environment materially affecting ▇▇▇, SRP or the use of the System.
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Adverse Change in Law. Either party may terminate this Agreement by providing the other party no fewer than ten days advance written notice of termination under this subsection if United States, Oregon or local laws, regulations, or guidelines are modified or interpreted in such a way that any party’s continued performance or making of payments under this Agreement is prohibited.
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Adverse Change in Law. In the event of a Change in Law the economic impact of which is not provided for in the calculation of the Energy Charge and which has a Material Adverse Effect, subject to the provisions of Sections 7.5 and 7.6, the Buyer shall pay to the Seller such compensation as may be necessary to put the Seller in the same economic position as the Seller would have been in had such Change in Law not occurred or otherwise not been made. Payment of such compensation shall be due on and from ninety (90) days from the date of notification of a claim made by the Seller in writing.
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Adverse Change in Law. Either Party may terminate this Interim IGA by providing the other Party no fewer than ten days advance written notice of termination under this subsection 5.2.3 if United States, Oregon or local laws, regulations, or guidelines are modified or interpreted in such a way that either Party’s continued performance or making of payments under this Interim IGA is prohibited.
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Related to Adverse Change in Law

  • No Change in Law Purchaser shall not have determined that the introduction of or a change in any Requirement of Law or in the interpretation or administration of any Requirement of Law has made it unlawful, and no Governmental Authority shall have asserted that it is unlawful, for Purchaser to enter into Transactions.

  • Change in Law To the extent that a change in Delaware law (whether by statute or judicial decision) shall permit broader indemnification or advancement of expenses than is provided under the terms of the By-laws and this Agreement, Indemnitee shall be entitled to such broader indemnification and advancements, and this Agreement shall be deemed to be amended to such extent.

  • Change in Laws If the Lender shall determine that any change in any applicable law, regulation or guideline (including, without limitation, Regulation D of the Board of Governors of the Federal Reserve System) or any new law, regulation or guideline, or any interpretation of any of the foregoing by any governmental authority charged with the administration thereof or any central bank or other fiscal, monetary or other authority having jurisdiction over the Lender (whether or not having the force of law), shall: (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against the Letters of Credit, or the Lender's or the Company's liability with respect thereto; or (ii) impose on the Lender any penalty with respect to the foregoing or any other condition regarding this Agreement, the Applications or the Letters of Credit; and the Lender shall determine that the result of any of the foregoing is to increase the cost (whether by incurring a cost or adding to a cost) to the Lender of issuing or maintaining the Letters of Credit hereunder (without benefit of, or credit for, any prorations, exemptions, credits or other offsets available under any such laws, regulations, guidelines or interpretations thereof), then the Company shall pay on demand to the Lender from time to time as specified by the Lender such additional amounts as the Lender shall determine are sufficient to compensate and indemnify it for such increased cost. If the Lender makes such a claim for compensation, it shall provide the Company a certificate setting forth the computation of the increased cost as a result of any event mentioned herein in reasonable detail and such certificate shall be conclusive if reasonably determined (absent manifest error).

  • Relief for Change in Law 12.2.1 The aggrieved Party shall be required to approach the Appropriate Commission for seeking approval of Change in Law. 12.2.2 The decision of the Appropriate Commission to acknowledge a Change in Law and the date from which it will become effective, provide relief for the same, shall be final and governing on both the Parties.

  • Adverse Change A material adverse change occurs in Borrower’s financial condition, or Lender believes the prospect of payment or performance of the Loan is impaired. Insecurity. Lender in good faith believes itself insecure.