Change in Legal Requirements. The Contract Price and/or the Contract Time(s) shall be adjusted to compensate Design-Builder for the effects of any changes to the Legal Requirements that occur after the date of this Agreement and as a result of such change, the performance of the Work is adversely affected. Such effects may include, without limitation, revisions Design-Builder is required to make to the Construction Documents because of changes in Legal Requirements.
Change in Legal Requirements. If any Legal Requirement makes it unlawful for any Lender to make or maintain LIBOR Rate Borrowings, then that Lender shall promptly notify the Borrower and the Administrative Agent, and (a) as to undisbursed funds, that requested Borrowing shall be made as a Base Rate Borrowing, and (b) as to any outstanding Borrowing, (i) if maintaining the Borrowing until the last day of the applicable Interest Period is unlawful, then the Borrowing shall be converted to a Base Rate Borrowing as of the date of notice, in which event the Borrower will not be required to pay any related Funding Loss, or (ii) if not prohibited by Legal Requirement, then the Borrowing shall be converted to a Base Rate Borrowing as of the last day of the applicable Interest Period, or (iii) if any conversion will not resolve the unlawfulness, then the Borrower shall promptly prepay the Borrowing, without penalty but with related Funding Loss.
Change in Legal Requirements. If, after the date hereof, the adoption or phase-in of any applicable Legal Requirement, or any change in any applicable Legal Requirement, or any change in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance by any Lender (or its Applicable Lending Office) with any request or directive (whether or not having the force of law) of any such Governmental Authority:
(i) shall subject such Lender (or its Applicable Lending Office) to any tax, duty, or other charge with respect to any Eurodollar Borrowing, its Note, any Letter of Credit issued by it or its obligation to make Eurodollar Borrowings or issue or participate in Letters of Credit, or change the basis of taxation of any amounts payable to such Lender (or its Applicable Lending Office) under this Agreement or its Note in respect of any Eurodollar Borrowings or any L/C Obligations owing to it (other than taxes imposed on the overall net income of such Lender by the jurisdiction in which such Lender has its principal office or such Applicable Lending Office);
(ii) shall impose, modify, or deem applicable any reserve, special deposit, assessment, or similar requirement (other than the Reserve Requirement utilized in the determination of the Adjusted Eurodollar Rate) relating to any extensions of credit or other assets of, or any deposits with or other liabilities or commitments of, such Lender (or its Applicable Lending Office), including the Commitment of such Lender hereunder; or
(iii) shall impose on such Lender (or its Applicable Lending Office) or the London interbank market any other condition affecting this Agreement or its Note or any of such extensions of credit or liabilities or commitments; and the result of any of the foregoing is or would be to increase the cost to such Lender (or its Applicable Lending Office) of being obligated to make, making, Converting into, Continuing, or maintaining any Eurodollar Borrowings or of issuing Letters of Credit or purchasing or maintaining participations in Letters of Credit or to reduce any sum received or receivable by such Lender (or its Applicable Lending Office) under this Agreement or its Note with respect to any Eurodollar Borrowings or with respect to any L/C Obligations owing to it, then Borrower shall pay to such Lender on demand such amount or amounts as will compensate such Lender for such increased cost or reduction. If any Lender requests compensatio...
Change in Legal Requirements. Where after the date of this Agreement there is a change in any Legal Requirement relating to the composition or other characteristics of gas delivered to or conveyed by the National Grid Gas System, either Operator may require that both Operators shall discuss the amendment of the Gas Entry Conditions in accordance with Clause 7 (Amendment Process) of this Agreement, so as to enable such Operator and this Agreement to comply with such changed Legal Requirement.
Change in Legal Requirements. In the event of a material change in Legal Requirements, or taxes subsequent to the date of this Contract, CM@R may be entitled to a Change Order, in City’s discretion, to the extent CM@R can document to the satisfaction of City that such change significantly increases CM@R’s actual cost of performance of the Construction Work.
Change in Legal Requirements. 30 12.4 Effect of Industry-Wide Disruption on Contract Price.............30 12.5
Change in Legal Requirements. The Contract Time(s) shall be adjusted to compensate Xxxxx for the effects of any changes to the Legal Requirements that occur after the date of this Agreement and as a result of such change, the performance of the Work is adversely affected. Such effects may include, without limitation, revisions Xxxxx is required to make to the Work because of changes in Legal Requirements.
Change in Legal Requirements. Changes to the Contract Price and Contract Time(s) 13.1
Change in Legal Requirements. In the event that a change in Legal Requirements should prevent the Fuel Manager from performing any of the FM Services (“Legal Restriction”), then such Legal Restriction shall be treated as a Force Majeure Event and the Parties shall comply with the procedures set forth in Section 10. If there is a change in Legal Requirements that has a material adverse effect upon Fuel Manager’s ability to perform the FM Services at the compensation rates as provided herein the Fuel Manager shall have the right on and after the first day of Contract Year six (6) to notify the Buyer of same (“Notice of Change in Legal Requirements”). Thereafter, the Parties shall, in good faith negotiate an equitable adjustment to the Agreement, to address the change in Legal Requirements. If after ninety (90) Days from the date that the Buyer receives Fuel Manager’s Notice of Change in Legal Requirements, the Buyer and Fuel Manager have not reached agreement on an equitable adjustment to this Agreement, then Fuel Manager, upon written notice to Buyer seek resolve any disputes related to the Notice of Change In Legal Requirements in accordance with Article 13 (“Dispute Resolution”). In such dispute resolution proceeding that is not resolved by mediation pursuant to Section 13.2, then the Arbitrators shall determine (a) if there is a change in Legal Requirements and if so (b) does the change in Legal Requirements have a material adverse effect upon Fuel Manager’s ability to perform the FM Services. If the Arbitrators determine that (a) and (b) in Fuel Manager’s favor, then the Arbitrators will determine what equitable adjustments should be made to the Agreement. No change in any Legal Requirement after the FMA Effective Date shall obligate (i) the Fuel Manager to refund any money paid by Buyer for FM Services rendered prior to such change or (ii) Buyer to pay the Fuel Manager any additional money for FM Services rendered prior to such change, other than monies due to an uncontested Monthly invoice submitted by the Fuel Manager to Buyer pursuant to Section 5.1 pertaining to FM Services rendered during the time period prior to such change period. The Fuel Manager shall not be responsible to Buyer for any losses suffered or increased costs incurred by Buyer as a result of any change in Legal Requirements.
Change in Legal Requirements. The parties acknowledge that the terms and conditions of this Agreement are based on the laws, rules and regulations as of the Effective Date. In the event any applicable laws, rules or regulations change so as to create additional work for us not provided for in this Agreement, Client shall allow us a reasonable extension of time to complete the services, and additional compensation as provided in Section C(3) below.
