Common use of Contract Modifications for Prospective Legal Events Clause in Contracts

Contract Modifications for Prospective Legal Events. In the event any state or federal laws or regulations, now existing or enacted or promulgated after the effective date of this Agreement, are interpreted by judicial decision, a regulatory agency or legal counsel for both parties in such a manner as to indicate that the structure of this Agreement may be in violation of such laws or regulations, the PA, Stockholder and DCA shall amend this Agreement as necessary to the maximum extent possible, any such amendment shall preserve the underlying economic and financial arrangements between the PA, Stockholder and the DCA.

Contract Modifications for Prospective Legal Events. In the event any state or federal laws or regulations, now existing or enacted or promulgated after the effective date of this Agreement, are interpreted by judicial decision, a regulatory agency or legal counsel for both parties in such a manner as to indicate that the structure of this Agreement may be in violation of such laws or regulations, the PAPC, Stockholder and DCA shall amend this Agreement as necessary to the maximum extent possible, any such amendment shall preserve the underlying economic and financial arrangements between the PAPC, Stockholder and the DCA.

Contract Modifications for Prospective Legal Events. In the event any state or federal laws or regulations, now existing or enacted or promulgated after the effective date of this Agreement, are interpreted by judicial decision, a regulatory agency or legal counsel for both parties in such a manner as to indicate that the structure of this Agreement may be in violation of such laws or regulations, the PA, Stockholder PA and DCA shall amend this Agreement as necessary to To the maximum extent possible, any such amendment shall preserve the underlying economic and financial arrangements between the PA, Stockholder PA and the DCA.

Contract Modifications for Prospective Legal Events. In the event any state or federal laws or regulations, now existing or enacted or promulgated after the effective date of this Agreement, are interpreted by judicial decision, a regulatory agency or legal counsel for both parties in such a manner as to indicate that the structure of this Agreement may be in violation of such laws or regulations, the PA, Stockholder and DCA shall amend this Agreement as necessary to To the maximum extent possible, any such amendment shall preserve the underlying economic and financial arrangements between the PA, Stockholder and the DCA.