Enactment or Interpretation of Relevant Statutes and Regulations Sample Clauses

Enactment or Interpretation of Relevant Statutes and Regulations. In the event any state or federal laws or regulations, now existing or enacted or promulgated after the date hereof, are interpreted by judicial decision, a regulatory agency, or legal counsel acceptable to both AmeriPath and the Practice in such a manner as to indicate that this Agreement or any provision hereof may be in violation of such laws or regulations, the Practice and AmeriPath shall amend this Agreement as necessary to preserve the underlying economic and financial arrangements between the Practice and AmeriPath and without substantial economic detriment to any party. If such an amendment is not possible, either party shall have the right to terminate this Agreement.
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Enactment or Interpretation of Relevant Statutes and Regulations. This Agreement shall be subject to termination at the option of either party in the event of the invalidity, amendment, modification or implementation of any applicable law, rule or regulation, at any time during the Term which is determined by judicial decision, or decision ruling, letter of opinion or similar such authority of a regulatory agency having jurisdiction over the subject matter of this Agreement, or the parties hereto, to prohibit, or in any way materially restrict or change the terms of this Agreement, or which by virtue of this Agreement has or could reasonably be expected to have a material adverse affect on the ability of the parties to participate in this Agreement. Notwithstanding the foregoing, the parties hereby agree that in the event of any such determination as described above in this Section b., they shall enter into good faith negotiations to modify or amend this Agreement as and to the extent necessary to bring this Agreement into compliance with applicable law, rule or regulation while affording the parties the benefits anticipated by this Agreement to the maximum extent available. In the event that the parties cannot agree on an amendment or modification as above, same shall be submitted for determination, by either party, in accordance with the provisions of Section 9 below.
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Related to Enactment or Interpretation of Relevant Statutes and Regulations

  • Notification of Laws and Regulations The Servicer shall immediately notify the Issuer, the Indenture Trustee, and the Rating Agencies in writing of any Requirement of Law or Commission Regulations hereafter promulgated that have a material adverse effect on the Servicer’s ability to perform its duties under this Servicing Agreement.

  • Compliance with Statutes, Regulations, Etc The Borrower will, and will cause each Subsidiary to, comply with all applicable laws, rules, regulations and orders applicable to it or its property, including all governmental approvals or authorizations required to conduct its business, and to maintain all such governmental approvals or authorizations in full force and effect, in each case except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Litigation; Observance of Statutes and Orders (a) There are no actions, suits, investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any property of the Company in any court or before any arbitrator of any kind or before or by any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

  • Governmental Rules and Regulations The provisions of this Agreement are subject to any and all present and future statutes, orders, rules and regulations of any duly constituted authority having jurisdiction of the relationship and transactions defined by this Agreement.

  • Ordinances and Statutes Lessee shall comply with all statutes, ordinances and requirements of all municipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee.

  • Disputes and Governing Law This Agreement shall be construed in accordance with the laws of the PRC. Any disputes that arise in connection with this Agreement shall be litigated in courts located within the Pudong New Area, Shanghai, the PRC.

  • Interpretation and Rules of Construction In this Agreement, except to the extent otherwise provided or that the context otherwise requires:

  • Compliance with Governmental Rules and Regulations Except as otherwise provided in the Agreement and except for the accuracy of information furnished to the Fund by Price Services, each Fund assumes full responsibility for the preparation, contents and distribution of its prospectuses and compliance with all applicable requirements of the ’40 Act, the ‘34 Act, the ‘33 Act, and any other laws, rules and regulations of governmental authorities having jurisdiction over the Fund. Price Services shall be responsible for complying with all laws, rules and regulations of governmental authorities having jurisdiction over transfer agents and their activities and cooperating with respect to examinations and requests from such governmental authorities.

  • Changes in Statutes or Regulations If any statutory or regulatory provision referenced herein is subsequently changed or re-numbered, or is replaced by a separate provision, then the references in this Agreement to such statutory or regulatory provision shall be deemed to be a reference to such section as amended, re-numbered or replaced.

  • Governing Law; Interpretation This Agreement shall be interpreted and enforced under the laws of the Commonwealth of Massachusetts, without regard to conflict of law principles. In the event of any dispute, this Agreement is intended by the parties to be construed as a whole, to be interpreted in accordance with its fair meaning, and not to be construed strictly for or against either you or the Company or the “drafter” of all or any portion of this Agreement.

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