Common use of NEW OR CHANGED REGULATIONS Clause in Contracts

NEW OR CHANGED REGULATIONS. The parties are entering into this Agreement in reliance on the regulations, law and arrangements with governments or governmental instrumentality's (hereinafter called "regulations") in effect on the date of execution by Seller affecting the products (including raw materials, manufacturing or distribution facilities used therefor) sold hereunder insofar as said "regulations" affect Buyer, Seller or Seller's suppliers. If the effect of any change in any regulation or of any new "regulation" (1) is not covered by any other provision of this Agreement, and (2) in the affected party's judgment, either (a) has an adverse effect upon the party (or if Seller, upon Seller's suppliers) or (b) increases the risk to the party of performance under this Agreement, the affected party may request renegotiation of the terms of this Agreement. The affected party has the right to terminate this Agreement on written notice, effective ninety (90) days after the request for renegotiation, if the renegotiation is not satisfactorily completed. Such right to request renegotiation or, upon failure to agree, to terminate, shall without limitation also be available if "regulations"; (a) Inhibit Seller from freely establishing, by increasing or decreasing, prices of products covered by this Agreement; (b) Prohibit Seller from collecting the price adjustment provided for above under "Price Adjustment"; (c) Regulate the prices or recipients of products covered by this Agreement; or

NEW OR CHANGED REGULATIONS. The parties are entering into this Agreement in reliance on the regulations, law and arrangements with governments or governmental instrumentality's instrumentalities (hereinafter called "regulations") in effect on the date of execution by Seller affecting the products (including the raw materials, manufacturing or distribution facilities used therefor) sold hereunder insofar as said "regulations" affect Buyer, Seller or Seller's suppliers. If the effect of any change in any regulation or of any new "regulation" (1) is not covered by any other provision of this Agreement, and (2) in the affected party's judgment, either (a) has an adverse effect upon the party (or if Seller, upon Seller's suppliers) or (b) increases the risk to the party of performance under this Agreement, the affected party may request renegotiation of the terms of this Agreement. The affected party has the right to terminate this Agreement on written notice, effective ninety (90) days after the request for renegotiation, if the renegotiation is not satisfactorily completed. Such right to request renegotiation or, upon failure to agree, to terminate, shall without limitation also be available if "regulations";: (a) Inhibit Seller from freely establishing, by increasing or decreasing, prices of products covered by this Agreement; : (b) Prohibit Seller from collecting the price adjustment provided for above under "Price Adjustment"; ; (c) Regulate the prices or recipients of products covered by this Agreement; orAgreement;or (d) Affect Seller's liability.

NEW OR CHANGED REGULATIONS. The parties are entering into this Agreement in reliance on the regulations, law and arrangements with governments or governmental instrumentality's instrumentalities (hereinafter called "regulations") in effect on the date of execution by Seller affecting the products (including the raw materials, manufacturing or distribution facilities used therefor) sold hereunder insofar as said "regulations" affect Buyer, Seller or Seller's suppliers. If the effect of any change in any regulation or of any new "regulation" (1) is not covered by any other provision of this Agreement, and (2) in the affected party's judgment, either (a) has an adverse effect upon the party of (or if Seller, upon Seller's suppliers) or (b) increases the risk to the party of performance under this Agreement, the affected party may request renegotiation of the terms of this Agreement. The affected party has the right to terminate this Agreement on written notice, effective ninety (90) days after the request for renegotiation, if the renegotiation is not satisfactorily completed. Such right to request renegotiation or, upon failure to agree, to terminate, shall without limitation also be available if "regulations"; : (a) Inhibit Seller from freely establishing, by increasing or decreasing, prices of products covered by this Agreement; (b) Prohibit Seller from collecting the price adjustment provided for above under "Price Adjustment"; (c) Regulate the prices or recipients of products covered by this Agreement; or.