Material Changes to the CFD Act Clause Samples

The 'Material Changes to the CFD Act' clause defines how significant amendments to the Contracts for Difference (CFD) Act are addressed within an agreement. Typically, this clause outlines the procedures or consequences if the underlying legislation governing CFDs is substantially altered, such as requiring renegotiation of terms, allowing for contract termination, or specifying how new legal requirements will be incorporated. Its core function is to manage legal and regulatory risk by ensuring that both parties are protected and informed in the event of major legislative changes that could impact their contractual obligations.
Material Changes to the CFD Act. If material changes to the CFD Act after the Reference Date make CFD Bonds or Remainder Taxes unavailable or severely impair their use as a source for financing the Qualified Project Costs or Additional Community Facilities, the Agency and Developer will negotiate in good faith as to a substitute public financing program equivalent in nature and function to CFDs.
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Related to Material Changes to the CFD Act

  • Material Changes Except as contemplated in the Prospectus, or disclosed in the Company’s reports filed with the Commission, there shall not have been any material adverse change in the authorized capital stock of the Company or any Material Adverse Effect or any development that would reasonably be expected to cause a Material Adverse Effect, or a downgrading in or withdrawal of the rating assigned to any of the Company’s securities (other than asset backed securities) by any rating organization or a public announcement by any rating organization that it has under surveillance or review its rating of any of the Company’s securities (other than asset backed securities), the effect of which, in the case of any such action by a rating organization described above, in the reasonable judgment of the Agent (without relieving the Company of any obligation or liability it may otherwise have), is so material as to make it impracticable or inadvisable to proceed with the offering of the Placement Shares on the terms and in the manner contemplated in the Prospectus.