Statutory Amendment Sample Clauses

A Statutory Amendment clause defines how a contract will adapt to changes in relevant laws or regulations after the agreement is signed. Typically, this clause allows the parties to modify their obligations or the contract terms if new statutes, regulations, or government directives come into effect that impact the agreement. For example, if a new tax law changes the cost structure of a service, the contract may be adjusted to reflect this. The core function of this clause is to ensure the contract remains compliant and fair in the face of evolving legal requirements, thereby reducing the risk of breach or unenforceability due to unforeseen legislative changes.
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Statutory Amendment. It is anticipated that during the term of this charter there may be substantive and numerical amendments to the federal, state, and local statutes, regulations, rules and policies that are referenced in this Charter. If any federal, state or local statute, regulation, rule or policy is renumbered and/or amended then the reference to that statute, regulation, rule or policy is intended to reflect the renumbering or amendment. If any state or federal statute affecting the School is amended or enacted during the term of this charter in such a manner as to make any provision of this Charter invalid or contrary to law in effect after such amendment, then the parties agree that they will meet to discuss an amendment to this Charter to rectify the conflict. If the parties are unable to agree to an amendment, then, within thirty (30) days of written notice by either party that the agreement to a requested amendment cannot be reached, the parties will submit to the dispute resolution process as set forth in this charter.
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Statutory Amendment. It is anticipated that during the term of this Charter there may be substantive and numerical amendments to the federal, state, and local statutes, regulations, rules and policies that are referenced in this Charter. If any federal, state or local statute, regulation, rule or policy is renumbered and/or amended then the reference to that statute, regulation, rule or policy is intended to reflect the renumbering or amendment. If any state or federal statute affecting the School is amended or enacted during the term of this Charter in such a manner as to make any provision of this Charter invalid or
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Statutory Amendment. One possible amendment to the existing HSR statute might provide as follows: No later than the end of the seventh day after the beginning of the waiting period as defined in subsection (b)(1)(A) of this section, the Federal Trade Commission or the Assistant Attorney General shall inform both persons (or in the case of a tender offer, the acquiring person) whether the Federal Trade Commission or the Assistant Attorney General will have the authority to issue a request for additional information (if any) pursuant to this subsection. If such an amendment were created, specification of a tie-breaker in the statute likely would not be necessary, as DOJ and FTC would be required to reach some resolution within a set time.
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Related to Statutory Amendment

  • Waiver; Amendment Except as expressly provided in this Agreement, no amendment or waiver of this Agreement shall be binding unless executed in writing by the party to be bound thereby. No waiver of any provision of this Agreement shall constitute a waiver of any other provision nor shall any waiver of any provision of this Agreement constitute a continuing waiver unless otherwise expressly provided.

  • Certificate of Amendment A successor Owner Trustee appointed under this Agreement will promptly file a certificate of amendment to the Certificate of Trust with the Secretary of State of the State of Delaware identifying the name and principal place of business of the successor Owner Trustee in the State of Delaware. The successor Owner Trustee will promptly deliver a file-stamped copy of the certificate of amendment to the Administrator.

  • Modification, Amendment and Waiver The authority of the Trustees hereunder to authorize the Trust to enter into contracts or other agreements or arrangements shall include the authority of the Trustees to modify, amend, waive any provision of supplement, assign all or a portion of, novate, or terminate such contracts, agreements or arrangements. The enumeration of any specific contracts in this Section 5.12 shall in no way be deemed to limit the power and authority of the Trustees as otherwise set forth in this Declaration of Trust to authorize the Fund to engage, contract with or make payments to such Persons as the Trustees may deem desirable for the transaction of the business of the Fund.

  • Modification; Amendment This Agreement may not be modified or amended except pursuant to an instrument in writing signed by the Company and each of the Purchasers.

  • Governing Law; Amendment This Agreement shall be governed by, and shall be construed and administered in accordance with, the laws of the State of Delaware (without regard to its choice of law rules) and the requirements of any applicable federal law. This Agreement may be modified or amended only by a writing signed by the parties hereto.