Common use of Change in Applicable Laws Clause in Contracts

Change in Applicable Laws. If, due to any change in Applicable Laws, a Party reasonably believes that ID5 ceases to be able to provide the ID5 ID Site Offering with respect to a particular jurisdiction(s) under the then-current terms and conditions of this Agreement (the “Then- Current Terms”) and/or Company ceases to be able to use the ID5 ID Site Offering with respect to a particular jurisdiction(s) under the Then-Current Terms, then: (i) the Parties will negotiate in good faith the terms and conditions of an amendment and/or supplement to the Then-Current Terms that is designed to, as applicable, enable ID5 to be able to provide the ID5 ID Site Offering and Company to be able to use the ID5 ID Site Offering, in each case in compliance with all Applicable Laws following such change in Applicable Laws; and (ii) if, following such good-faith negotiation, the Parties are unable to agree on the terms and conditions of such an amendment and/or supplement, each Party may terminate this Agreement with respect to the applicable jurisdiction(s) (provided, however, that if such termination in part with respect to such jurisdiction(s) is not reasonably practicable, then such Party may terminate this Agreement in whole).

Appears in 2 contracts

Sources: Id5 Id Site Offering Agreement, Id5 Id Site Offering Agreement

Change in Applicable Laws. If, due to any change in Applicable Laws, a Party reasonably believes that ID5 ceases to be able to provide the ID5 ID Site Offering with respect to a particular jurisdiction(s) under the then-current terms and conditions of this Agreement (the “Then- Then-Current Terms”) and/or Company ceases to be able to use the ID5 ID Site Offering with respect to a particular jurisdiction(s) under the Then-Current Terms, then: (i) the Parties will negotiate in good faith the terms and conditions of an amendment and/or supplement to the Then-Current Terms that is designed to, as applicable, enable ID5 to be able to provide the ID5 ID Site Offering and Company to be able to use the ID5 ID Site Offering, in each case in compliance with all Applicable Laws following such change in Applicable Laws; and (ii) if, following such good-faith negotiation, the Parties are unable to agree on the terms and conditions of such an amendment and/or supplement, each Party may terminate this Agreement with respect to the applicable jurisdiction(s) (provided, however, that if such termination in part with respect to such jurisdiction(s) is not reasonably practicable, then such Party may terminate this Agreement in whole).

Appears in 1 contract

Sources: Id5 Id Site Offering Agreement