Common use of Adverse Governmental Action Clause in Contracts

Adverse Governmental Action. In the event any action of any department, branch, or bureau of the federal, state or local government materially adversely affects either party's performance of obligations under this Agreement, then that party shall notify the other of the nature of this action, including in the notice a copy of the adverse action. The parties shall meet within thirty (30) days and shall, in good faith, attempt to negotiate a modification to this Agreement that minimizes the adverse effect. Notwithstanding any other provision of this Agreement, if the parties fail to reach a negotiated modification concerning the adverse action, then the affected party may terminate this Agreement by giving at least one hundred twenty (120) days notice or may terminate sooner if agreed to by both parties.

Adverse Governmental Action. In the event any action of any --------------------------- department, branch, or bureau of the federal, state state, or local government materially adversely affects either party's performance of obligations under this Agreement, then that party shall notify the other of the nature of this action, including in the notice a copy of the adverse action. The parties shall meet within thirty (30) days and shall, in good faith, attempt to negotiate a modification to this Agreement that minimizes the adverse effectaffect. Notwithstanding any other provision of this Agreementparagraph 10.2 above, if the parties fail to reach a negotiated modification concerning the adverse action, then the affected party may terminate this Agreement by giving at least one hundred twenty (120) days days' notice or may terminate sooner if agreed to by both parties.