Adverse Change in Law Sample Clauses

Adverse Change in Law. Changes in law or in the --------------------- regulatory environment materially affecting XXX, SRP or the use of the System.
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Adverse Change in Law. Either Party may terminate this Interim IGA by providing the other Party no fewer than ten days advance written notice of termination under this subsection 5.2.3 if United States, Oregon or local laws, regulations, or guidelines are modified or interpreted in such a way that either Party’s continued performance or making of payments under this Interim IGA is prohibited.
Adverse Change in Law. In the event of a Change in Law the economic impact of which is not provided for in the calculation of the Energy Charge and which has a Material Adverse Effect, subject to the provisions of Sections 7.5 and 7.6, the Buyer shall pay to the Seller such compensation as may be necessary to put the Seller in the same economic position as the Seller would have been in had such Change in Law not occurred or otherwise not been made. Payment of such compensation shall be due on and from ninety (90) days from the date of notification of a claim made by the Seller in writing.
Adverse Change in Law. Either party may terminate this Agreement by providing the other party no fewer than ten days advance written notice of termination under this subsection if United States, Oregon or local laws, regulations, or guidelines are modified or interpreted in such a way that any party’s continued performance or making of payments under this Agreement is prohibited.

Related to Adverse Change in Law

  • No Change in Law There shall not have been any action, or any statute enacted, by any government or agency thereof which would in any material respect prohibit or render the parties unable to consummate the transactions contemplated hereby or make the transactions contemplated hereby illegal.

  • Change in Law If any Change in Law shall:

  • Change in Laws If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers in writing and such Bank's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Rate Loans.

  • Adverse Change A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or performance of the Indebtedness is impaired.

  • Change in Legality (a) Notwithstanding any other provision of this Agreement, if any Change in Law shall make it unlawful for any Lender to make or maintain any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the Borrower and to the Administrative Agent:

  • Adverse Changes Since the date of execution of this Agreement, no event or series of events shall have occurred that reasonably could have or result in a Material Adverse Effect;

  • No Material Adverse Change or Ratings Agency Change For the period from and after the date of this Agreement and prior to the Closing Date:

  • Adverse Change, etc On or prior to the Initial Borrowing Date, nothing shall have occurred since December 26, 1998 (and neither the Banks nor the Administrative Agent shall have become aware of any facts or conditions not previously known) which the Required Banks or the Administrative Agent shall determine (a) has had, or could reasonably be expected to have, a material adverse effect on the rights or remedies of the Banks or the Administrative Agent, or on the ability of any Credit Party to perform its obligations to them hereunder or under any other Credit Document or (b) has had, or could reasonably be expected to have, a Material Adverse Effect.

  • Adverse Circumstances No condition, circumstance, event, agreement, document, instrument, restriction, litigation or proceeding (or threatened litigation or proceeding or basis therefor) exists which: (i) would have a Material Adverse Effect upon Debtor; or (ii) would constitute an Event of Default or an Unmatured Event of Default.

  • Change in Location Notify FINOVA in writing forty-five (45) days prior to any change in the location of Borrower's chief executive office or the location of any Collateral, or Borrower's opening or closing of any other place of business;

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