Consistent with Applicable Law Clause Samples

The "Consistent with Applicable Law" clause ensures that the obligations, rights, and actions described in the agreement are interpreted and enforced in a manner that does not conflict with relevant laws and regulations. In practice, this means that if any provision of the contract would require a party to act illegally or violate statutory requirements, that provision is either modified or disregarded to the extent necessary to remain lawful. This clause serves to protect the parties from inadvertently breaching the law due to contractual commitments, thereby maintaining the enforceability of the agreement and reducing legal risk.
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Consistent with Applicable Law and Section 2.1, each non-federal Party shall support the Klamath bond language in Appendix G-1; provided that nothing in this Settlement is intended or shall be construed to require a Party to support a Bond Measure that includes authorizations unrelated to the implementation of this Settlement.
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Consistent with Applicable Law a. This Development Agreement is authorized by Section 65865 of the Government Code of the State of California and Chapter 17.76 of the Grass Valley Municipal Code. b. Pursuant to this Agreement, City and Owner have taken all actions mandated by and fulfilled all requirements set forth in the Development Agreement Ordinance of the City of Grass Valley, Title 17, Chapter 17.76 of the Grass Valley Municipal Code. c. Pursuant to Section 17.76.040 of the Grass Valley Municipal Code, having duly examined and considered this Agreement and having held a properly noticed public hearing regarding this Agreement before the Planning Commission on April 3rd, 2024, the Planning Commission recommended the City Council approve this Agreement after finding the Agreement (1) is consistent with the objectives, policies, general land uses, and programs specified in the general plan, any applicable specific plan, and the Development Code; (2) is compatible with the uses authorized in, and the regulations prescribed for, the land use and zone in which the real property is located; (3) is in conformity with public convenience, general welfare, and good land use practice; will not be detrimental to the health, safety, and general welfare; and (4) will not adversely affect the orderly development of property or the preservation of property values. d. Pursuant to Section 17.76.040(E) of the Grass Valley Municipal Code, having duly examined and considered this Agreement and having held a properly noticed public hearing regarding this Agreement before the City Council on April 9th, 2024, the City Council adopted Ordinance No. 827, approving this Agreement and finding it (1) is consistent with the objectives, policies, general land uses, and programs specified in the general plan, any applicable specific plan, and the Development Code; (2) is compatible with the uses authorized in, and the regulations prescribed for, the land use and zone in which the real property is located; (3) is in conformity with public convenience, general welfare, and good land use practice; will not be detrimental to the health, safety, and general welfare; and (4) will not adversely affect the orderly development of property or the preservation of property values.
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Related to Consistent with Applicable Law

  • Conformity with Applicable Law The Manager, in the performance of its duties and obligations under this Agreement, shall act in conformity with the Registration Statement of the Trust and with the instructions and directions of the Board of Trustees of the Trust and will conform to, and comply with, the requirements of the 1940 Act and all other applicable federal and state laws and regulations.

  • Compliance with Applicable Law Each Party shall comply at its own expense with Applicable Law.

  • Compliance with Applicable Laws Any and all requirements of any federal, state or local law including, without limitation, usury, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, disclosure and all predatory and abusive lending laws applicable to the Mortgage Loan, including, without limitation, any provisions relating to prepayment penalties, have been complied with, the consummation of the transactions contemplated hereby will not involve the violation of any such laws or regulations, and the Seller shall maintain in its possession, available for the Purchaser's inspection, and shall deliver to the Purchaser upon demand, evidence of compliance with all such requirements;

  • Compliance with Applicable Laws and Governing Documents In the performance of its services under this Agreement, the Subadviser shall act in conformity with the Prospectus, SAI and the Trust’s Agreement and Declaration of Trust and By-Laws as currently in effect and, as soon as practical after the Trust, the Fund or the Adviser notifies the Subadviser thereof, as supplemented, amended and/or restated from time to time (referred to hereinafter as the “Declaration of Trust” and “By-Laws,” respectively) and with the instructions and directions received in writing from the Adviser or the Trustees of the Trust and will conform to, and comply with, the requirements of the 1940 Act, the Internal Revenue Code of 1986, as amended (the “Code”), and all other applicable federal and state laws and regulations. Without limiting the preceding sentence, the Adviser promptly shall notify the Subadviser as to any act or omission of the Subadviser hereunder that the Adviser reasonably deems to constitute or to be the basis of any noncompliance or nonconformance with any of the Trust’s Declaration of Trust and By-Laws, the Prospectus and the SAI, the instructions and directions received in writing from the Adviser or the Trustees of the Trust, the 1940 Act, the Code, and all other applicable federal and state laws and regulations. Notwithstanding the foregoing, the Adviser shall remain responsible for ensuring the Fund’s and the Trust’s overall compliance with the 1940 Act, the Code and all other applicable federal and state laws and regulations and the Subadviser is only obligated to comply with this subsection (b) with respect to the Subadviser Assets. The Adviser timely will provide the Subadviser with a copy of the minutes of the meetings of the Board of Trustees of the Trust to the extent they may affect the Fund or the services of the Subadviser, copies of any financial statements or reports made by the Fund to its shareholders, and any further materials or information which the Subadviser may reasonably request to enable it to perform its functions under this Agreement. The Adviser shall perform quarterly and annual tax compliance tests to ensure that the Fund is in compliance with Subchapter M of the Code. In this regard, the Adviser acknowledges that the Subadviser shall rely completely upon the Adviser’s determination of whether and to what extent the Fund is in compliance with Subchapter M of the Code and that the Subadviser has no separate and independent responsibility to test the Fund for such compliance. In connection with such compliance tests, the Adviser shall inform the Subadviser at least ten (10) business days prior to a calendar quarter end if the Subadviser Assets are out of compliance with the diversification requirements under Subchapter M. If the Adviser notifies the Subadviser that the Subadviser Assets are not in compliance with such requirements noted above, the Subadviser will take prompt action to bring the Subadviser Assets back into compliance within the time permitted under the Code thereunder. The Adviser will provide the Subadviser with reasonable advance notice of any change in the Fund’s investment objectives, policies and restrictions as stated in the Prospectus and SAI, and the Subadviser shall, in the performance of its duties and obligations under this Agreement, manage the Subadviser Assets consistent with such changes, provided that the Subadviser has received prompt notice of the effectiveness of such changes from the Trust or the Adviser. In addition to such notice, the Adviser shall provide to the Subadviser a copy of a modified Prospectus and SAI reflecting such changes. The Adviser acknowledges and will ensure that the Prospectus and SAI will at all times be in compliance with all disclosure requirements under all applicable federal and state laws and regulations relating to the Trust or the Fund, including, without limitation, the 1940 Act, and the rules and regulations thereunder, and that the Subadviser shall have no liability in connection therewith, except as to the accuracy of material information furnished in writing by the Subadviser to the Trust or to the Adviser specifically for inclusion in the Prospectus and SAI. The Subadviser hereby agrees to provide to the Adviser in a timely manner such information relating to the Subadviser and its relationship to, and actions for, the Trust as may be required to be contained in the Prospectus, SAI or in the Trust’s Registration Statement on Form N-1A and any amendments thereto.

  • Applicable Law This Agreement will be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed within the State of New York.