Common use of GOVERNMENTAL DECREE Clause in Contracts

GOVERNMENTAL DECREE. There is presently in effect an agreement between the Union and the RAB covering apartment buildings in the City of New York which provides that if because of legislation, government decree or order, any increase or benefit is in any way blocked, frustrated, impeded or diminished, the Union may upon ten (10) days’ notice require negotiation with the RAB to take such measures and reach such revisions in the contract as may legally provide substitute benefits and improvements for the employees at no greater cost to the Employer. The parties hereto agree that any terms or provisions which may be negotiated between the Union and the RAB as a result of any such re-negotiation shall be fully binding upon the parties hereto upon the same terms, and effective date(s) as between the Union and the RAB. In the event that any provision of this contract requires approval of any government agency, the Employer shall cooperate with the Union with respect thereto.