Changes in Laws and Regulations. Unless otherwise stipulated in the contract, if after the last deadline for the bid submission (Techno-commercial), any law, regulation, ordinance, order or bye-law having the force of law is enacted, promulgated, abrogated, or changed in India (which shall be deemed to include any change in interpretation or application by the competent authorities) that subsequently affects the Delivery Date and/ or the contract Price, then such Delivery Date and/ or Contract Price shall be correspondingly increased or decreased, to the extent that the contractor has thereby been affected in the performance of any of its obligations under the contract. Notwithstanding the foregoing, such additional or reduced cost shall not be separately paid or credited if the same has already been accounted for in the price adjustment provisions where applicable. 4.
Changes in Laws and Regulations. Company’s prices and timely performance are based on all applicable laws, rules, regulations, orders, codes, standards or requirements of governmental authorities effective on the date of Company’s quotation. Any change to any law, rule, regulation, order, code, standard or requirement which requires any change hereunder shall entitle Company to an equitable adjustment in the prices and any time of performance.
Changes in Laws and Regulations. If any Laws and Regulations applicable to the City require the City to act at variance with the terms of this Contract and the City so acts, then the same will not constitute a breach of this Contract (and the City now confirms that it is not aware of any Laws or Regulations that require the City to act at variance with the terms of this Contract), and the City’s requirement to act at variance with this Contract will be deemed to be and will be treated as an Unavoidable Delay.
Changes in Laws and Regulations. Unless otherwise stipulated in the contract, if after the last deadline for the bid submission (Techno- commercial), any law, regulation, ordinance, order or bye-law having the force of law is enacted, promulgated, abrogated, or changed in India (which shall be deemed to include any change in interpretation or application by the competent authorities) that subsequently affects the Delivery
Changes in Laws and Regulations. In the event an applicable law or regulation is modified or eliminated, or a new law or regulation is adopted, the revised law or regulation shall automatically supersede the contract’s scope of work and any attachments. The most current exhibits, laws and regulations will be posted at xxx.xxxx.xxx.
Changes in Laws and Regulations. If there is a change in the Laws and Regulations applicable to this O&M Agreement and modifying the adjustment period to be made in less than twelve (12) months, the price adjustment will take place in the new period provided for in the Laws and Regulations. If the Laws and Regulations are omitted with respect to periodicity, the adjustment will be made within a period that is agreed between the PARTIES, applying on a pro rata temporis basis. If the 1 is extinguished, it ceases to be published or its use is prohibited without a designation in the Laws and Index Regulations to replace it, the PARTIES shall agree within (thirty) days from the date of the event, another index or parameter that adequately reflects the variation in the value of the O&M Agreement in the same way as the IPCA would do, or as close as possible. If there is no agreement during this period, support from external consultants will be sought to establish a better adjustment periodicity.
Changes in Laws and Regulations. In the event any applicable federal, state or local laws or any regulation, order or policy issued under any such laws, is changed (or judicial interpretation thereof is developed or changed) in a way which will have a material adverse effect on the benefits anticipated by one or more parties to the Agreement, the adversely affected party shall notify the other party in writing of such change and the effect of the change. The parties shall enter into good faith negotiations to revise the Agreement to compensate for such change. If an agreement on a method for revising the Agreement is not reached within thirty (30) day of such written notice, then the matter shall be submitted to a single arbitrator pursuant to the rules of procedures of the AHLA Alternative Dispute Resolution Service Rules of Procedure for Arbitration, who shall: (a) structure an amendment to the Agreement consistent with its fundamental provisions which will leave the parties as nearly as possible in the same economic positions in which they would have been under the original terms of the Agreement, had the change in the law, regulation, order or policy (or judicial interpretation thereof) not occurred; or (b) if the arbitrator determines that the change is so fundamental that revision and continuation of the Agreement is not feasible without material change, structure a termination of the Agreement that will return the parties as nearly as possible to the economic positions in which they would have been had they not entered into the Agreement without altering in a material ways the economic benefits realized during the period the Agreement was in effect, unless such alteration is necessary to remedy the illegality.
Changes in Laws and Regulations. NWL’s prices and timely performance are based on all applicable laws, rules, regulations, orders, codes, standards or requirements of governmental authorities effective on the date of NWL’s quotation. Any change to any law, rule, regulation, order, code, standard or requirement which requires any change hereunder shall entitle NWL to an equitable adjustment in the prices and any time of performance.
Changes in Laws and Regulations. Seller’s prices and timely performance are based on all applicable laws, rules, regulations, orders, codes, standards or requirements of governmental authorities effective on the date of Seller’s proposal. Any change to any law, rule, regulation, order, code, standard or requirement which requires any change hereunder shall entitle Seller to an equitable adjustment in the prices and any time of performance.
