Competition Law. 17.1 If the relevant UK authority or the Competition and Markets Authority notifies the parties (or any of them) in writing that, in its view (whether preliminary or final): 17.1.1 the Pool Agreements or any provision of any of them infringes the Chapter 1 prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules); or 17.1.2 the conclusion or performance or enforcement of the Pool Agreements or any provisions of any of them infringes the Chapter II prohibition of the Competition Act 1998 (or, where relevant, any other Competition Rules); then the parties shall use all reasonable endeavours to amend the Pool Agreements (or shall execute new agreements) so as to ensure that the objectives of the Pool Agreements are achieved and that the Pool Agreements as so amended (or any such new agreements) will not infringe the Chapter 1 prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules) and that the conclusion, performance and enforcement of the Pool Agreements (or those new agreements) by any party thereto will not infringe the Chapter II prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules), and, save to the extent that it is reasonable to do so and/or it is no longer possible to achieve the objectives of the Pool Agreements or to amend the Pool Agreements or enter into new agreements which do not give rise to an infringement of the Chapter I or Chapter II prohibitions of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules), no Party shall withhold its consent (to the extent to which it is required) to the making of any such amendment or the execution of any such new agreement. 17.2 In this clause 17 "Pool Agreements" means:
Appears in 3 contracts
Samples: Membership Agreement, Pool Re Transition Authorisation Agreement, Membership Agreement
Competition Law. 17.1 24.1 If the relevant UK authority or the Competition and Markets Authority notifies the parties (or any of them) in writing that, in its view (whether preliminary or final):
17.1.1 other Competition Authority issues a legally binding decision to the effect that the Pool Re Agreements (or any provision of any of them them) infringes the Chapter 1 I prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition RulesRules ); or
17.1.2 , or that the conclusion or conclusion, performance or enforcement of the Pool Re Agreements (or any provisions provision of any of them them) infringes the Chapter II prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition RulesRules ); , then the parties Parties shall use all reasonable endeavours to amend the Pool Re Agreements (or shall execute new agreements) so as to ensure that the objectives of the Pool Re Agreements are achieved and that the Pool Re Agreements as so amended (or any such new agreements) will not infringe the Chapter 1 I prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules) and that the conclusion, performance and enforcement of the Pool Re Agreements as so amended (or those new agreements) by any party thereto will not infringe the Chapter II prohibition of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules), ) and, save to the extent that it is reasonable to do so so, and/or it is no longer possible to achieve the objectives of the Pool Re Agreements or to amend the Pool Re Agreements or enter into new agreements which do not give rise to an infringement of the Chapter I or Chapter II prohibitions of the Competition Act 1998 (or, where relevant, any other applicable Competition Rules), no Party shall withhold its consent (to the extent to which it is required) to the making of any such amendment or the execution of any such new agreement.
17.2 24.2 In this clause 17 "Article 24 and Article 17.2 βPool Re Agreements" β means:
Appears in 1 contract
Samples: Reinsurance Treaty
