Common use of Change in Law or Regulation Clause in Contracts

Change in Law or Regulation. If there is a future change in any applicable law, rule, regulation, order, filed tariffs, market rules or pricing structure whereby Think is prevented, prohibited or frustrated from carrying out the terms of this Agreement, in its sole discretion Think will have the right to cancel this Agreement by giving 30 days notice to you as required under applicable law. In the event that there is a change (including a change in interpretation) in 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 RTO, 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 (including, but not limited to transmission, storage, or capacity costs), protocols, market rules, load profiles, capacity tags, demand measures, and such change results in Think incurring additional costs and expenses in providing the Services contemplated herein, then Think will have the right in its sole discretion to (i) propose to adjust your price to reflect such additional charges or costs to Think by providing you with two advance written notices, an initial notice 45-60 days before the proposed effective date, plus a notice 30 days before the proposed effective date. If you do not accept such proposed price change, Think has the right to cancel this Agreement by giving 30 days notice to you as required under applicable law.