Change in Law or Regulation; Material Adverse Impact on Parties’ Expectations Sample Clauses

Change in Law or Regulation; Material Adverse Impact on Parties’ Expectations. If a change in law or regulation is reasonably expected to occur after the Effective Date that, if adopted, would cause any of representations and warranties stated in Section 3.3(j) to be materially false or misleading, and that would have a material adverse impact on the Parties’ expectation that the Output sold hereunder shall count towards meeting applicable Renewables Portfolio Standard procurement requirements (“Adverse Law”), the procedures and requirements in this sub-section shall apply. Either Party shall inform the other Party upon its awareness of an Adverse Law. Upon notice from one Party to the other Party, the Parties shall meet and confer for the purpose of discussing the impact of the Adverse Law on the Parties’ expectations under this Agreement. The Parties shall cooperate in good faith and in a commercially reasonable manner to consider modifications or amendments to this Agreement that would address the effect of the Adverse Law (“Adverse Law Modifications”); provided, however, the foregoing shall not be construed as a requirement that this Agreement must be modified or amended in response to an Adverse Law. If, notwithstanding the Parties’ efforts, the Parties are unable to mutually agree on Adverse Law Modifications, Buyer may terminate this Agreement upon written notice to Seller; provided, however, except as described in the following sentence, such termination shall not be effective until the later to occur of (i) ninety (90) calendar days after the effectiveness of the Adverse Law and (ii) ninety (90) calendar days after the termination notice. Notwithstanding the preceding sentence, during the ninety (90) calendar day-period described in the preceding sentence, Buyer may extend the effectiveness of the termination up to an additional ninety (90) calendar days by providing no less than thirty (30) calendar days’ notice to Seller. If termination is extended beyond the original ninety (90) calendar-day period, the Contract Price during the period after the original ninety (90) calendar day-period shall be the greater of
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Related to Change in Law or Regulation; Material Adverse Impact on Parties’ Expectations

  • Adverse Weather Shall be only weather that satisfies all of the following conditions: (1) unusually severe precipitation, sleet, snow, hail, or extreme temperature or air conditions in excess of the norm for the location and time of year it occurred based on the closest weather station data averaged over the past five years, (2) that is unanticipated and would cause unsafe work conditions and/or is unsuitable for scheduled work that should not be performed during inclement weather (i.e., exterior finishes), and (3) at the Project.

  • Authority to act on behalf of Concessionaire 36.2.1 During the period of Suspension, the Authority shall, on behalf of the Concessionaire, collect all Fee and revenues under and in accordance with this Agreement and deposit the same in the Escrow Account. The Authority shall be entitled to make withdrawals from the Escrow Account for meeting the costs incurred by it for remedying and rectifying the cause of Suspension, and thereafter for defraying the expenses specified in Clause 31.3.

  • CHANGE IN LAWS AND COMPLIANCE WITH LAWS Performing Agency shall comply with all laws, regulations, requirements and guidelines applicable to a vendor providing services and products required by the Contract to the State of Texas, as these laws, regulations, requirements and guidelines currently exist and as amended throughout the term of the Contract. System Agency reserves the right, in its sole discretion, to unilaterally amend the Contract to incorporate any modifications necessary for System Agency’s compliance, as an agency of the State of Texas, with all applicable state and federal laws, regulations, requirements and guidelines.

  • Adverse Events Subsequent to the date hereof, there shall not have occurred any of the following: (i) a suspension or material limitation in trading in securities generally on the New York Stock Exchange, the NASDAQ National Market or the NASDAQ Global Market, (ii) a general moratorium on commercial banking activities in the People’s Republic of China or New York, (iii) the outbreak or escalation of hostilities involving the United States or the People’s Republic of China or the declaration by the United States or the People’s Republic of China of a national emergency or war if the effect of any such event specified in this clause (iii) in your reasonable judgment makes it impracticable or inadvisable to proceed with the public offering or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus, or (iv) such a material adverse change in general economic, political, financial or international conditions affecting financial markets in the United States or the People’s Republic of China having a material adverse impact on trading prices of securities in general, as, in your reasonable judgment, makes it impracticable or inadvisable to proceed with the public offering of the Shares or the delivery of the Shares on the terms and in the manner contemplated in the Prospectus.

  • Adverse Event Reporting Both Parties acknowledge the obligation to comply with the Protocol and / or applicable regulations governing the collection and reporting of adverse events of which they may become aware during the course of the Clinical Trial. Both Parties agree to fulfil and ensure that their Agents fulfil regulatory requirements with respect to the reporting of adverse events.

  • No Felony Criminal Convictions Contractor represents that neither Contractor nor any of its employees, agents, or representatives, including any subcontractors and employees, agents, or representative of such subcontractors, have been convicted of a felony criminal offense or that if such a conviction has occurred Contractor has fully advised System Agency in writing of the facts and circumstances surrounding the convictions.

  • No response Regulatory Standing I certify to TIPS for the proposal attached that my company is in good standing with all governmental agencies Federal or state that regulate any part of our business operations. If not, please explain in the next attribute question. 4 7 Yes Regulatory Standing Regulatory Standing explanation of no answer on previous question. 4 8 No response

  • Adverse Weather Conditions Except in emergency situations, the Employer shall not require an employee:

  • Reporting Unauthorized Transactions You should notify us immediately if you believe your Access Codes or any Access Devices have been lost or stolen, that someone has gained access to the Security Procedure, or that someone has transferred or may transfer money from your Account without your permission or if you suspect any fraudulent activity on your Account. To notify us, call us at the number provided in Section 9.6 between 8:00 a.m. to 4:30 p.m. Central Time during a Business Day.

  • Change in Laws and Compliance with Laws Grantee shall comply with all laws, regulations, requirements and guidelines applicable to a Grantee providing services and products required by the Grant Agreement to the State of Texas, as these laws, regulations, requirements and guidelines currently exist and as amended throughout the term of the Grant Agreement. Notwithstanding Section 11.1, Amendments, above, System Agency reserves the right, in its sole discretion, to unilaterally amend the Grant Agreement to incorporate any modifications necessary for System Agency’s compliance, as an agency of the State of Texas, with all applicable state and federal laws, regulations, requirements and guidelines.

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