Common use of Events of Change Clause in Contracts

Events of Change. Each of the following events shall constitute an "Event of Change" for the purposes of this Agreement: (a) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the imposition of a Tax (other than an increase in the rate of a general tax on overall income) or of state or federal government royalties (in excess of those royalties currently in effect) or of export or price controls in a material amount by any government or taxing authority upon a party hereto with respect to delivery of, or acceptance of delivery of, Natural Gas under this Agreement or with respect to any cash payment made pursuant to Section 2.06 that in any case would materially adversely affect the net cost to the Seller or the Purchaser of performing its obligations hereunder; or (b) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the performance of any obligation of the Seller to deliver Natural Gas or Purchaser to accept delivery of Natural Gas under this Agreement being unlawful; or (c) any one or more events of Force Majeure that occur and continue for a consecutive period of longer than six months.

Events of Change. Each of the following events shall constitute an "Event of Change" for the purposes of this Agreement: (a) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that which would result in the imposition of a Tax (other than an increase in the rate of a general tax on overall income) or of state or federal government royalties (in excess of those royalties currently in effect) or of export or price controls in a material amount by any government or taxing authority upon a party hereto with respect to delivery of, or acceptance of delivery of, Natural Gas Crude Oil under this Agreement or with respect to any cash payment made pursuant to Section 2.06 that which in any case would materially adversely affect the net cost to the Seller or the Purchaser of performing its obligations hereunder; or (b) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that which would result in the performance of any obligation of the Seller to deliver Natural Gas Crude Oil or Purchaser to accept delivery of Natural Gas Crude Oil under this Agreement being unlawful; or (c) any one or more events of Force Majeure that occur and continue for a consecutive period of longer than six monthsninety (90) days.

Events of Change. Each of the following events shall constitute an "Event of Change" for the purposes of this Agreement: (a) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the imposition of a Tax (other than an increase in the rate of a general tax on overall income) or of state or federal government royalties (in excess of those royalties currently in effect) or of export or price controls in a material amount by any government or taxing authority upon a party hereto with respect to delivery of, or acceptance of delivery of, Natural Gas under this Agreement or with respect to any cash payment made pursuant to Section 2.06 that in any case would materially adversely affect the net cost to the Seller or the Purchaser of performing its obligations hereunder; or (b) the enactment, promulgation, execution or ratification of, or any change in or amendment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the performance of any obligation of the Seller to deliver Natural Gas or the Purchaser to accept delivery of Natural Gas under this Agreement being unlawful; or (c) any one or more events of Force Majeure that occur and continue for a consecutive period of longer than six months.

Events of Change. Each of the following events shall constitute an "Event of Change" for the purposes of this Agreement: (a) the enactment, promulgation, execution or ratification of, or any change in or amendment amend- ment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the imposition of a Tax (other than an increase in the rate of a general tax on overall income) or of state or federal government royalties (in excess of those royalties currently in effect) or of export or price controls in a material amount by any government or taxing authority upon a party hereto with respect to delivery of, or acceptance of delivery of, Natural Gas under this Agreement or with respect to any cash payment made pursuant to Section 2.06 that in any case would materially adversely affect the net cost to the Seller or the Purchaser of performing its obligations hereunder; or (b) the enactment, promulgation, execution or ratification of, or any change in or amendment amend- ment to, any regulation or law (or the application or interpretation of any regulation or law, as determined by a court or regulatory authority of competent jurisdiction or as determined by the opinion of independent counsel mutually acceptable to the Seller and the Purchaser) that occurs after the date hereof that would result in the performance of any obligation of the Seller to deliver Natural Gas or the Purchaser to accept delivery of Natural Gas under this Agreement being unlawful; or (c) any one or more events of Force Majeure that occur and continue for a consecutive period of longer than six months.