New Laws. 46.1 If the Developer is obliged by a New Law to do something or pay an amount which it is already contractually obliged to do or pay under this Agreement then, to the extent only that the relevant obligation is required under both the New Law and this Agreement, compliance with the New Law will constitute compliance with the relevant obligation under this Agreement.
New Laws. If a Law is changed or a new Law comes into force (both referred to as New Law) and the Developer is obliged by the New Law to:
New Laws. Owner and Contractor agree that if there is a change in any laws, rules or regulations affecting the Project and enacted after the Effective Date of this Agreement, the Parties will enter into good faith negotiations to renegotiate the affected terms of this Agreement.
New Laws. No Governmental Authority shall have enacted, issued, promulgated, enforced or entered into any Law which is in effect and has the effect of making the transactions contemplated by this Agreement illegal, or otherwise restraining or prohibiting consummation of such transactions or causing any of the transactions contemplated hereunder to be rescinded following complete thereof.
New Laws. In the event that any law, regulation, treaty or official directive or the interpretation or application thereof by any court or governmental authority or the compliance with any guideline or request of any governmental authority: (a) subjects the Lender to any tax with respect to any amounts payable under the Loans or otherwise with respect to the transactions contemplated hereunder, except for taxes on the overall net income of the Lender imposed by the United States of America, the States of California and Delaware, or any agency thereof, or any other governmental entity having jurisdiction over the Lender; and the result of any of the foregoing is to increase the cost of the Lender, reduce the income receivable by or return on equity of the Lender or impose any expense upon the Lender with respect to the Loans, the Lender shall so notify the Borrower. The Borrower agrees to pay the Lender the amount of such increases in cost, reduction in income, reduced return on equity or additional expenses (exclusive of customary overhead expenses) as and when such cost, reduction in income, reduced return on equity or additional expense is incurred or determined, plus interest upon presentation by the Lender of a statement in the amount and setting forth the Lender’s calculation thereof; provided that that any such increases in cost, reduction in income, reduced return on equity or additional expenses may only be imposed to the extent the Lender imposes the same charges generally under comparable credit facilities. In determining such amount, the Lender may use any reasonable averaging and attribution methods, which statement shall be deemed true and correct, absent manifest error.
New Laws. If there is a change in any laws, rules or regulations affecting the subject matter of this Agreement and enacted after the Effective Date, the parties will enter into good faith negotiations to renegotiate the affected terms of this Agreement.
New Laws. Canopy Rivers is not aware of any legislation, or proposed legislation published by a legislative body, which it anticipates will have a Material Adverse Effect.
New Laws. If Lender determines that the introduction of any Law regarding capital adequacy or any change therein or in the interpretation thereof, or compliance by Lender therewith, has the effect of reducing the rate of return on the capital of Lender or any corporation controlling such Lender as a consequence of such Lender's obligations hereunder (taking into consideration its policies with respect to capital adequacy and Lender's desired return on capital), then from time to time upon demand of Lender, Borrower shall pay to such Lender such additional amounts as will compensate Lender for such reduction.
New Laws. In the event that any law, regulation, treaty or official directive or the interpretation or application thereof by any court or governmental authority or the compliance with any guideline or request of any governmental authority: (a) subjects the Bank to any tax with respect to any amounts payable under the Revolving Loan or otherwise with respect to the transactions contemplated hereunder, except for taxes on the overall net income of the Bank imposed by the United States of America, the State of Connecticut, or any agency thereof, or any other governmental entity having jurisdiction over the Bank; or (b) imposes, modifies or deems applicable any deposit, insurance, reserve, special deposit, capital maintenance or similar requirement against assets held by, or deposits in or for the account of, or loans or advances or commitments to make the Revolving Loan or advances by the Bank, other than such requirements the effect of which is included in the determination of the interest rates for the Revolving Loan or advances made hereunder; and the result of any of the foregoing is to increase the cost of the Bank, reduce the income receivable by or return on equity of the Bank or impose any expense upon the Bank with respect to the Revolving Loan or advances hereunder, the Bank shall so notify the Borrowers. The Borrowers agree to pay the Bank the amount of such increases in cost, reduction in income, reduced return on equity or additional expenses (exclusive of customary overhead expenses) as and when such cost, reduction in income, reduced return on equity or additional expense is incurred or determined, plus interest upon presentation by the Bank of a statement in the amount and setting forth the Bank’s calculation thereof. In determining such amount, the Bank may use any reasonable averaging and attribution methods, which statement shall be deemed true and correct, absent manifest error. Such amounts shall be deemed to be an advance under the Revolving Loan.
New Laws. Each party will advise the other party of any legislation, rule, regulation or other law (including but not limited to any customs, tax, trade, intellectual property or tariff law) which is in effect or which may come into effect in any county in the Territory after the Effective Date of this Agreement that affects the import of the Products, or the use and the protection of the Products, or which has a material effect on any provision of this Agreement.
