Common use of Enactment or Interpretation of Relevant Statutes and Regulations Clause in Contracts

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.

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. .