Common use of Change in Law or Regulation Clause in Contracts

Change in Law or Regulation. In the event that there is a change (including a change in interpretation) in any law, regulation, rule, ordinance, order, directive, filed tariff, decision, writ, judgment, or decree by a governmental authority, regulatory body, or the regional Independent System Operator, or in the event any of the foregoing which is existing as of the date of this Agreement is implemented or differently administered, including, without limitation, changes in tariffs, protocols, market rules, load profiles, capacity tags, demand measures, and such change results in Think incurring additional costs and expenses in providing the Service(s) contemplated herein, these additional costs and expenses may, at Think’s option, be assessed to you in your monthly bills for service as additional pass-through charges to the extent permitted by applicable law. If there is a change as described in this section that impacts any term, condition, or provision of this Agreement, including, but not limited to price, we shall have the right to modify this Agreement to reflect such change. Think will provide you with 10 days’ advance notice of any such change.

Change in Law or Regulation. In the event that there is a change (including a change in interpretation) in any law, regulation, rule, ordinance, order, directive, filed tariff, decision, writ, judgment, or decree by a governmental authority, regulatory body, or the regional Independent System Operator, or in the event any of the foregoing which is existing as of the date of this Agreement is implemented or differently administered, including, without limitation, changes in tariffs, protocols, market rules, load profiles, capacity tags, demand measures, and such change results in Think incurring additional costs and expenses in providing the Service(s) contemplated herein, these additional costs and expenses may, at Think’s option, be assessed to you in your monthly bills for service as additional pass-through charges to the extent permitted by applicable law. If there is a change as described in this section that impacts any term, condition, or provision of this Agreement, including, but not limited to price, we shall have the right to modify this Agreement to reflect such change. Think will provide change after providing you with 10 days’ advance notice of between 30 and 60 days before any such changechange is scheduled to become effective and obtaining your consent. If you do not consent to such modifications, Think shall have the right to terminate this Agreement, after notice to you and without any early termination fee charged to you, and switch your account to EDC default supply service.