Common use of Change in Applicable Law Clause in Contracts

Change in Applicable Law. In the case of any change in applicable law that eliminates a previously available exemption from Japanese withholding tax on any payment to Ironwood under Section 4.1, Section 4.2, and/or Section 4.3, including without limitation any amendment, renegotiation or termination of the U.S.-Japan Treaty, the following provisions will be effective for any payment(s) occurring on or after the effective date of such change:

Change in Applicable Law. In the case of any change in applicable law that eliminates a previously available exemption from Japanese withholding tax on any payment to Ironwood under Section 4.1, Section 4.2, and/or Section 4.3, including without limitation any amendment, renegotiation or termination of the U.S.-Japan U.S.­Japan Treaty, the following provisions will be effective for any payment(s) occurring on or after the effective date of such change: