Changes in Law or Regulation. This Agreement is subject to such modifications as may be required by change in federal or Colorado state law, or their implementing regulations. Any such required modification shall automatically be incorporated into and made a part of this Agreement on the effective date of such change, as if fully set forth herein. Headings in this Agreement are solely for convenience, do not constitute a part of this Agreement and do not affect its meaning or construction.
Changes in Law or Regulation. In the event of any material change in the law affecting the implementation of any provision contained in this Agreement or the operation or management of the Company in the manner contemplated hereby, the Parties shall endeavor to agree to appropriate variations to this Agreement as a consequence. If the Parties are unable to reach agreement within ninety days of notice in writing from one Party to the others informing them of any such change, then the Parties may cause the Company to wind up and terminate this Agreement, and Tech Ion shall cooperate in passing any resolution necessary in order to effect the same.
Changes in Law or Regulation. In the event of any material change in laws, rules and/or regulations applicable to the Parties’ activities under this Agreement, the Parties agree to promptly discuss and, if necessary, negotiate in good faith any amendments to this Agreement that are necessary in order to comply with such change in laws, rules or regulations applicable to such activities.
Changes in Law or Regulation. If any federal or state statute or regulation or order by a court of law or regulatory authority directly or indirectly (i) prohibits performance under this Agreement, (ii) makes such performance illegal or impossible, or (iii) effects a change in a substantive provision of this Agreement which has a significant material adverse impact upon the ability of either Party to perform its obligations under this Agreement, then the Parties will use all reasonable efforts to revise the Agreement so that:
(a) performance under the Agreement is no longer prohibited, illegal, impossible or is no longer impacted in a material adverse fashion, and
(b) the Agreement is revised in a manner that preserves, to the maximum extent possible, the respective positions of the Parties. Each Party will provide reasonable and prompt notice to the other Party as to any proposed law, regulations or any regulatory proceedings or actions that could affect the rights and obligations of the Parties. If the Parties are unable to revise the Agreement in accordance with the above, then the Party whose performance is rendered prohibited, illegal, impossible or is impacted in a material adverse manner shall have the right, at its sole discretion, to suspend this Agreement upon written notice to the other Party. Either Party may then terminate this Agreement upon 30 Days written notice to the other Party. If the Buyer terminates this Agreement based on its interpretation (or the interpretation of any of its counsel or advisors) that continued performance under this Agreement is not permitted by a change, directive, order of the like by a governing authority, such termination shall be referred to as a "Discretionary Termination." If the Buyer terminates this Agreement based on an express mandate to do so by a governing authority, such termination shall be referred to as a "Mandated Termination."
Changes in Law or Regulation. If any federal or state statute or regulation or order by a court of law or regulatory authority directly or indirectly (i) prohibits performance under this Agreement, (ii) makes such performance illegal or impossible, or (iii) effects a change in a substantive provision of this Agreement which has a significant material adverse impact upon the ability of either Party to perform its obligations under this Agreement, then the Parties will use all reasonable efforts to revise the Agreement so that:
(a) performance under the Agreement is no longer prohibited, illegal, impossible or is no longer impacted in a material adverse fashion, and
(b) the Agreement is revised in a manner that preserves, to the maximum extent possible, the respective positions of the Parties. Each Party will provide reasonable and prompt notice to the other Party as to any proposed law, regulations or any regulatory proceedings or actions that could affect the rights and obligations of the Parties. If the Parties are unable to revise the Agreement in accordance with the above, then the Party whose performance is rendered prohibited, illegal, impossible or is impacted in a material adverse manner shall have the right, at its sole discretion, to suspend this Agreement upon written notice to the other Party. Either Party may then terminate this Agreement upon 30 Days written notice to the other Party.
Changes in Law or Regulation. In the event that any effective and governing statute or effective and governing order, rule, or decision of the FCC, the PSC, or a court of competent jurisdiction is released following the Effective Date and materially affects any term(s) of this AGREEMENT, the rights or obligations of a PARTY hereunder or the ability of a PARTY to perform any material provision of this AGREEMENT PARTY may, in writing, request to negotiate with the other PARTY whether and how such term(s) shall be modified to address the Change in Law. The PARTIES shall negotiate regarding any such Change in Law modification(s) in good faith, and the PARTIES shall complete their negotiations within thirty (30) days after the date on which the written request for negotiation is received by the non-requesting PARTY. If the PARTIES do not agree on such Change in Law modification(s) within that thirty (30) day negotiation period, then, after the end of the forty-fifth (45th) day , either PARTY may pursue any remedies available to it under this AGREEMENT, at law, in equity, or otherwise, including, but not limited to, instituting an appropriate proceeding before the PSC, the FCC, or a court of competent jurisdiction; provided, however, that the PARTIES shall continue to work in good faith toward the resolution of the disagreement. The PARTIES shall promptly amend this AGREEMENT, if necessary, to reflect any Change in Law modification(s), but in any event within fifteen (15) days after the date on which the PARTIES agree on such Change in Law modification(s) or VITEMA-LMUSVI receive a resolution of a disagreement, whichever is earlier. The amended AGREEMENT shall have an effective date that coincides with the effective date of the Change in Law giving rise to such negotiations. The PARTIES agree that, except as otherwise provided herein, the rates, terms, and conditions of any amended AGREEMENT shall not be applied retroactively to any period prior to such effective date.
Changes in Law or Regulation. If any federal or state law, order, rule, or regulation or order by a court of law or regulatory authority directly or indirectly (a) prohibits performance under this AMA, (b) makes such performance illegal or impossible or imposes, or could impose, penalties or other sanctions for performance, or (c) takes action which has a significant material adverse impact upon the ability of either Party to perform its obligations under this AMA, then, unless a Party exercises its right to terminate this AMA pursuant to Section 3.1(b), the Parties will use commercially reasonable efforts to amend this AMA so that its performance is no longer prohibited, illegal, impossible or impacted in a material adverse fashion while such amendment preserves, to the maximum extent possible, the respective economic positions of the Parties.
Changes in Law or Regulation. In the event of a change in law or regulation (including FSA Rules), which affects any of the parties' obligations under this Agreement, the parties will co-operate in good faith to agree any necessary amendment or variation to the Agreement.
Changes in Law or Regulation. In the event of any new federal, state, or local law or regulation or a change to an existing federal, state, or local law or regulation, which will increase the cost of the services to the Contractor, the Parties agree to meet and discuss changes to this Agreement.
Changes in Law or Regulation. In the event that any change in any statute, rule, regulation, order or other law, or procedure, tariff, rate class or other process or charge, promulgated by any governmental authority or EDC, Independent Service Operator ("ISO"), Regional Transmission Operator ("RTO") or other regulated service provider, alters to the detriment of VE its costs to perform or its economic returns under this Agreement VE may revise the pricing under this Agreement to eliminate the impact of such. Before any such price revision, VE shall provide written notice to Customer with the resulting price revisions, and the date upon which such revised pricing shall be effective. Customer shall pay the revised price described in such notice, and all other terms and conditions of this Agreement shall remain in full force and effect.
