Consequences of Change in Law. (a) Provided that an Affected Party has complied and continues to comply with the obligations of Clauses 12.2 and 12.3, that Affected Party shall be entitled to the following relief, effective from the date on which notice is given by that Affected Party pursuant to Clause 12.2(a):
Consequences of Change in Law. (a) If a Change in Law occurs or is shortly to occur, then a Party shall notify the other Parties expressing its opinion on its likely effects and giving details of its opinion of whether:
Consequences of Change in Law. (a) If in any Year, any Change in Law will increase or decrease the cost to Seller of developing, financing, designing, engineering, constructing, commissioning operating, maintaining and owning the Facility or otherwise complying with its obligations under this Agreement or increase or decrease the revenue earned by Seller pursuant to this Agreement by an amount equal to or greater than the Change in Law Threshold Amount, (a “Relevant Change in Law”), then (subject to Clause 20.19.3) Seller shall be entitled to receive from CEB such amount or CEB shall be entitled to make such adjustments to the elements of the Tariff as will ensure that Seller is in no better and no worse financial position than it was, net of the Change in Law Threshold Amount, prior to the introduction of such Relevant Change in Law.
Consequences of Change in Law. (a) Subject to item (e) of this Clause 49.5, in the event that either Party believes that a Change in Law shall have occurred that has or will result in a material Change in Law Cost or Savings, such Party shall promptly deliver to the other Party a notice (a "Notice") identifying such Change in Law and the net amount of Change in Law Cost or Savings that have resulted or are reasonably expected to result from such Change in Law, subject in any event to the obligation of the Contractor to minimise such Change in Law Costs and to maximise such Savings in accordance with Good Manufacturing Practices. Such Party may from time to time deliver to the other Party additional Notices with respect to any Change in Law, provided that any such additional Notice shall be given not later than one (1) year after the Party giving such Notice knew of or should have known of such additional Change in Law Costs or realisation of such additional Savings resulting from the occurrence of the Change in Law.
Consequences of Change in Law. (a) In the event that a Change in Law renders exercise by the Licensee of any of its material rights or performance by the Licensee of any of its material rights and obligations, unless such obligation is waived by a person having the power to do so under this Agreement impossible, the Licensee may serve a notice for termination of this Agreement (Termination Notice). Provided that prior to service of the Termination Notice, the parties shall consult in good faith for a pe riod of 180 days to mitigate the material adverse impact of the change in Law. In the event the parties are unable to agree to changes to the Agreement to mitigate the impact of the Change in Law during the 180 day period, either party may refer the matter to dispute resolution in which case the Termination Notice shall stand suspended until such matter has been resolved in accordance with Clause 18.
Consequences of Change in Law. The right of the BOT Company to any compensation due to a Change in Law shall be determined pursuant to Articles 22.10 and 22.11 of the BOT Contract. CHOICE OF LAW AND RESOLUTION OF DISPUTES
Consequences of Change in Law. (a) The Concessionaire shall not be allowed any relief and/or compensation for any Change in Law which is not a: (i) Qualifying Change in Law; or (ii) Fundamental Change in Law.
Consequences of Change in Law. (a) Provided that an Affected Party has complied with and continues to comply with the obligations of Clauses 12.2 and 12.3, either Party may give notice of termination of this Framework Agreement and/or any GTAs (in each case, to the extent that the same is affected by the Change in Law) if the Parties are unable to agree on any amendments to or modification of this Framework Agreement and/or any GTAs (in each case, to the extent that the same is affected by the Change in Law) as may be requested by a Party under Clause 12.3 within one hundred and twenty (120) days of the notice provided under Clause 12.2(a) of the Change in Law.
Consequences of Change in Law. The Concessionaire shall not be allowed any relief and/or compensation for any Change in Law which is not a: (i) Qualifying Change in Law; or (ii) Fundamental Change in Law. 13 Delete Member if the Selected Bidder is a single entity. If a Qualifying Change in Law occurs, then the Concessionaire shall notify the KMC and NMCG of such Qualifying Change in Law along with details of: any necessary change in the Location Construction Plan, the Location O&M Manual or the Technical Specifications on the basis of which construction/renovation works and O&M services are required to be undertaken for the Facilities; any changes that are required to the terms of this Agreement to deal with such Qualifying Change in Law; any extension of the Scheduled Payment Milestone Completion Date or the Scheduled Construction Completion Date for relevant Location, to account for the delay, if any, resulting from the Qualifying Change in Law; and/or any increase in Costs that will result from the Qualifying Change in Law. As soon as practicable and in any event, within 30 days from the receipt of any notice from the Concessionaire under Article 13.2(b) above, the Parties shall agree on the consequences of the Qualifying Change in Law, as specified in the notice, and any way in which the Concessionaire can mitigate the effect of the Qualifying Change in Law, including: providing evidence that the Concessionaire has used reasonable endeavours (including, where practicable, the use of competitive quotes) to minimise any increase in Costs or oblige the Subcontractors to minimise any increase in Costs; providing evidence as to how the Qualifying Change in Law has affected prices of materials used for construction/renovation or O&M of STPs which are similar to the Facilities; and demonstrating to the KMC and NMCG that the Qualifying Change in Law is the direct cause of the increase in Costs or delay and the estimated increase in Costs, or extension of time could not reasonably be expected to be mitigated or recovered by the Concessionaire. If the Parties fail to agree on the consequences of the Qualifying Change in Law within 30 days from the receipt of any notice from the Concessionaire under Article 13.2(b) above, the dispute will be finally settled in accordance with the dispute resolution procedure set out in Article 21 (Dispute Resolution). If the Concessionaire has complied with Article 13.2 (c) above and the Parties mutually agree or it is determined in accordance with Article 13....
Consequences of Change in Law. (a) A Change-in-Law, including a change relating to Taxes, shall not be deemed a Force Majeure Event.
