Change of Law, Taxes or Regulations Sample Clauses

Change of Law, Taxes or Regulations. (i) In the event any unit of government or port authority having jurisdiction over United or its activities, after the date of this Agreement, imposes any new laws, rules or regulations or modifies any existing laws, rules, regulations or imposes a new fee or tax or increases or decreases any existing fee or tax (including without limitation any user charge or toll, imposed, levied or collected from United for its use of the Mississippi and Ohio Rivers or their tributaries or of the locks and dams in said river systems but excluding taxes on gross receipts or net income), imposed during the course of performance of the services rendered hereunder, the effect of which will increase or decrease the cost of performance by United hereunder, the then current rate(s) shall be adjusted upward or downward to reflect such increase or decrease, effective the date such increase or decrease is incurred by United. (ii) If the amount(s) of any adjustment(s) of the Rates then in effect, due to the operation of paragraph (i) above, causes the Rate in any Service Segment to increase by twenty-five per cent (25%) or more, in the aggregate, during the Term of this Agreement, Tampa Electric shall be entitled, by written notice to United, to limit such upward adjustment to twenty-five per cent (25%), in which case United shall be entitled to terminate this Agreement by notice to Tampa Electric not later than twenty (20) Days after receipt of such notice to limit. If the amount of any downward adjustment(s), due to the operation of paragraph (i) above, causes a Rate in any Service Segment to decrease by twenty-five per cent (25%) or more, in the aggregate, during the Term of this Agreement, United shall be entitled, by written notice to Tampa Electric, to limit such downward adjustment to twenty-five per cent (25%), in which case
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Change of Law, Taxes or Regulations. (i) In the event any unit of government or port authority having jurisdiction over United or its activities, after the date of this Agreement, imposes any new laws, rules or regulations or modifies any existing laws, rules, regulations or imposes a new fee or tax or increases or decreases any existing fee or tax (including without limitation any user charge or toll, imposed, levied or collected from United for its use of the Mississippi and Ohio Rivers or their tributaries or of the locks and dams in said river systems but excluding taxes on gross receipts or net income), imposed during the course of performance of the services rendered hereunder, the effect of which will increase or decrease the cost of performance by United hereunder, the then current rate(s) shall be adjusted upward or downward to reflect such increase or decrease, effective the date such increase or decrease is incurred by United.
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Related to Change of Law, Taxes or Regulations

  • No Governmental Actions No action or proceeding before any governmental authority shall have been instituted or threatened to restrain or prohibit the transactions contemplated by this Agreement, and the parties hereto shall have delivered to each other certificates dated as of the Closing Date and executed by such parties, staling that to their Best Knowledge, no such items exist. No governmental authority shall have taken any other action as a result of which the management of any of the parties, in its sole discretion, reasonably deems it inadvisable to proceed with the transactions contemplated by this Agreement.

  • No Governmental Action There shall not have been any action taken, or any law, rule, regulation, order, or decree proposed, promulgated, enacted, entered, enforced, or deemed applicable to the transactions contemplated by this Agreement by any federal, state, local, or other governmental authority or by any court or other tribunal, including the entry of a preliminary or permanent injunction, which, in the reasonable judgment of the Company:

  • Other Regulations No Borrower or any Material Subsidiary is subject to regulation under the Investment Company Act of 1940, the Public Utility Holding Company Act of 1935, the Federal Power Act, the Interstate Commerce Act, any state public utilities code or any other Governmental Rule that limits its ability to incur Indebtedness.

  • Notification of Laws and Regulations The Servicer shall immediately notify the Issuer, the Indenture Trustee and the Rating Agencies in writing if it becomes aware of any Requirements of Law or CPUC Regulations hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Agreement.

  • Legal Requirement “Legal Requirement” shall mean any federal, state, local, municipal, foreign or other law, statute, legislation, constitution, principle of common law, resolution, ordinance, code, edict, decree, proclamation, treaty, convention, rule, regulation, ruling, directive, pronouncement, requirement, specification, determination, decision, opinion or interpretation issued, enacted, adopted, passed, approved, promulgated, made, implemented or otherwise put into effect by or under the authority of any Governmental Body.

  • Approvals of Governmental Authorities The Governmental Approvals listed in Schedule 11.01(b) shall have been received (or any waiting period shall have expired or shall have been terminated) and shall be in full force and effect.

  • Authorization of Governmental Authorities No action by (including any authorization, consent or approval), in respect of, or filing with, any governmental authority or regulatory body is required for, or in connection with, the valid and lawful authorization, execution, delivery and performance by it of this Agreement, subject to, in the case of the Debtors, the entry by the Bankruptcy Court of the Approval Order.

  • Notices from Governmental Authority promptly, and in any event within 30 days of receipt thereof, copies of any notice to the Company or any Subsidiary from any Federal or state Governmental Authority relating to any order, ruling, statute or other law or regulation that could reasonably be expected to have a Material Adverse Effect; and

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