Common use of European Union Clause in Contracts

European Union. The parties acknowledge that this Agreement may need to be notified to the European Commission at some point during the Agreement Term. Accordingly, upon reasonable request of either Party, the Parties shall cooperate in notifying this Agreement and seeking a conclusion of the notification process satisfactory to both Parties. If at any time the European Commission determines that any provision of this Agreement is unenforceable or otherwise not permitted under the laws, rules and regulations of the European Union, the Parties agree to initiate good faith negotiations aimed at modifying such provision in a manner that is acceptable to the European Commission and the Parties.

European Union. The parties acknowledge that this Agreement may need to be notified to the European Commission at some point during the Agreement TermTERM of this Agreement. Accordingly, upon reasonable request of either Partyparty, the Parties parties shall cooperate in notifying this Agreement and seeking a conclusion of the notification process satisfactory to both Partiesparties. If at any time the European Commission determines that any provision of this Agreement is unenforceable or otherwise not permitted under the laws, rules and regulations of the European Union, the Parties parties agree to initiate good faith negotiations aimed at modifying such provision in a manner that is acceptable to the European Commission and the Partiesparties.

European Union. The parties Parties acknowledge that this Agreement may need to be notified to the European Commission at some point during the Agreement TermTerm of this Agreement. Accordingly, upon reasonable request of either Party, the Parties shall cooperate in notifying this Agreement and seeking a conclusion of the notification process satisfactory to both Parties. If at any time the European Commission determines that any provision of this Agreement is unenforceable or otherwise not permitted under the laws, rules and regulations of the European Union, the Parties agree to initiate good faith negotiations negations aimed at modifying such provision in a manner that is acceptable to the European Commission and the Parties.