CHANGES IN REGULATION Clause Samples

CHANGES IN REGULATION. 1) User and YESIM understand and agree that regulators of the Participating Member Operator's networks, or other bodies of competent legal jurisdiction, may impose regulations on telecommunication services. If new regulations are imposed upon YESIM, then the User hereby acknowledges that YESIM is authorized to make changes to these Terms that reflect the new regulations and will post such changes via YESIM Application. 2) If any competent authority holds any term, condition or provision (or part of term, condition or provision) of these Terms, their changes, updates and amendments to be illegal, invalid, or otherwise unenforceable, or any term, condition or provision (or part of term, condition or provision) of these Terms, their changes, updates and amendments becomes illegal, invalid, or otherwise unenforceable due to the changes or amendments in applicable law, the remaining provisions (or portion of term, condition or provision) of these Terms shall not be affected thereby and shall be found to be valid and enforceable to the fullest extent permitted by law.

CHANGES IN REGULATION. 20.1 Clauses 20.2 to 20.3 apply if a new Regulation is introduced or there is a change to an existing Regulation or to its interpretation or application after the date of this Agreement and, in any such case, its effect is, in relation to a Facility or the Finance Documents: (a) to reduce the amount payable to the Lender; (b) to subject the Lender or any of its Affiliates to any additional or increased Taxation or other cost; (c) that the Lender or any of its Affiliates incurs any loss (including a loss of potential future profits); or (d) to reduce in any other way the effective return of the Lender or any of its Affiliates.

CHANGES IN REGULATION. The Borrower shall keep Lender informed on a timely basis as to (and shall respond on a timely basis to all requests by Lender for information with respect to) all prospective, proposed, or actual changes in regulation of the Borrower or the Business or any of the properties, operations or business of the Borrower by any Federal, state or local authority, whether such changes are effected because of the expansion of the properties, operations or business of the Borrower or by effect of statutes, regulations, official interpretations thereof, judicial decisions, orders or by consensual action between the Borrower and any regulatory authority. In the event that Lender determines in its sole good faith discretion that any of such proposed, prospective or actual changes have or are reasonably likely to have a material adverse effect on AT&T or Lender or any of their respective affiliates under the Loan Documents (including, without limitation, the security interests provided

CHANGES IN REGULATION. 19.1 Clauses 19.2 to 19.3 (Changes in Regulation) apply if a new Regulation is introduced or there is a change to an existing Regulation or to its interpretation or application after the date of this Agreement and, in any such ease, its effect is, in relation to the Loan or this Agreement: 19.1.1 to reduce the amount payable to the Lender (for the avoidance of doubt, excluding any Tax imposed on the Lender once payment has been received by the Lender and any amount which the Borrower is exempted from paying under Clause 14 (Tax)); 19.1.2 that the Lender or any of its Affiliates incurs any loss (including a loss of potential future profits); or 19.1.3 to reduce in any other way the effective return of the Lender or any of its Affiliates. 19.2 The Lender will notify the Borrower as soon as practicable. The Borrower will, within three Business Days of demand, pay to the Lender the amount which the Lender certifies is required to compensate it or its Affiliate for the matters specified in Clause 19.1 (Changes in Regulation). Such a demand may be made even after the Loan, or any part of it, has been converted or repaid but shall not be made after the Repayment Date. The certificate must set out the basis of the computation of the amount, but need not include any matters which the Lender or its Affiliate regards as confidential. 19.3 Upon receipt of notice from a Lender pursuant to Clause 19.2 (Changes in Regulation) or if the Borrower is required to increase the amount of any payment pursuant to Clause 14 (Tax) and provided that such amounts demanded or payable are materially adverse to the Borrower, the Borrower shall have the option to repay in full all amounts outstanding under the Loan plus any accrued but unpaid interest owing to that particular Lender as set out in Clause 12.1.2 (Default) applied mutatis mutandis, and the Borrower shall notify the Lender of the exercise of this option within seven days of receipt of notice from the Lender pursuant to Clause 19.2 (Changes in Regulation). 19.4 Should the Borrower choose to exercise the option to repay under Clause 19.3 (Changes in Regulation), the Lender shall still have the option to exercise the Conversion Rights in respect of all or part of the relevant principal amount of the Loan at any time prior to the repayment by the Borrower, and in any case, at least on the next Dealing Day for Subscriptions following receipt of notice from the Borrower pursuant to Clause 19.3 (Changes in Regulation). 19.5 Withou...

CHANGES IN REGULATION. 8.1. Account Holder and ▇▇▇▇▇ understand and agree that regulators of the Participating Member Operator's networks, or other bodies of competent legal jurisdiction, may impose regulations on telecommunication services. If new regulations are imposed upon YESIM, then Account Holder hereby acknowledges that YESIM is authorized to make changes to these Terms and Agreement that reflect the new regulations and will post such changes on its corporate website.

CHANGES IN REGULATION. Each Loan Party shall keep Lender informed on a timely basis as to (and shall respond on a timely basis to all requests by Lender for information with respect to) all actual changes in regulation of the Loan Parties or the Businesses of which it is aware, and which could result in a Material Adverse Effect on any Loan Party by

CHANGES IN REGULATION. The Borrower shall keep Lender informed on a timely basis as to (and shall respond on a timely basis to all requests by Lender for information with respect to) all actual changes in regulation of the Borrower or the Telecommunications Businesses of which it is aware, and which could reasonably be expected to result in a Material Adverse Effect by any Federal, state or local authority, whether such changes are effected because of the expansion of the properties, operations or Telecommunications Business of the Borrower or any of its Subsidiaries or by effect of statutes, regulations, official interpretations thereof, judicial decisions, orders or by consensual action between the Borrower or any Subsidiary and any regulatory authority. In the event that Lender determines in its reasonable good faith discretion that any of such actual changes have or are reasonably likely to have a material adverse effect on Lender or any Affiliate of Lender under the Loan Documents (including, without limitation, the security interests provided to Lender under the Loan Documents), the Borrower and Lender shall cooperate in good faith to restructure, each at its own cost and expense (unless an Event of Default has occurred and is continuing, in which event such restructuring shall be at the sole cost and expense of the Borrower) the terms and provisions set forth in the Loan Documents and the structure of the financing provided under the Loan Documents so as to minimize or avoid the adverse effects to Lender or any Affiliate of Lender of such actual changes.