Common use of Changes in Law Affecting GTJAFX Clause in Contracts

Changes in Law Affecting GTJAFX. If on or after the Agreement or any Transaction is entered into, by reason of any change in law or regulation or any force majeure, GTJAFX determines in good faith that it has become unlawful for GTJAFX to comply with any material provision of the Agreement or any Transaction, or that GTJAFX will incur a materially increased cost in performing GTJAFX's obligations under the Agreement or any Transaction (including any adverse effect on GTJAFX's tax position), GTJAFX may by notice to the Client terminate any Transaction in accordance with the provisions of Clauses 8 (Partial Close-out) or 9 (Total Close-out) as if an Event of Default has occurred and such Transaction(s) are the sole Terminated Transaction(s), or terminate the Agreement and/or other Transactions more generally.

Changes in Law Affecting GTJAFX. If on or after the Agreement or any FX Transaction is entered into, by reason of any change in law or regulation or any force majeure, GTJAFX determines in good faith that it has become unlawful for GTJAFX to comply with any material provision of the Agreement or any FX Transaction, or that GTJAFX will incur a materially increased cost in performing GTJAFX's obligations under the Agreement or any FX Transaction (including any adverse effect on GTJAFX's tax position), GTJAFX may by notice to the Client terminate any FX Transaction in accordance with the provisions of Clauses 8 (Partial Close-out) or 9 (Total Close-out) as if an Event of Default has occurred and such FX Transaction(s) are the sole Terminated FX Transaction(s), or terminate the Agreement and/or other FX Transactions more generally.