Governmental Changes Sample Clauses

Governmental Changes. Seller has no actual knowledge of any plan, study or effort of any governmental authority or agency which could be reasonably anticipated by Seller to have a material adverse effect on the use of the Property, or any material portion of the Property, for its intended uses.

Governmental Changes. In the event that any rules, regulations, interpretations or Comments (as defined in the Debenture Registration Rights Agreement between the Holder and the Company of this date) from the SEC hinder any operation of this Agreement or the underlying Transaction Documents, the Parties hereby agree that the terms and conditions shall be modified on similar terms within five (5) business days of such notice. Failure for the Company to agree to on such new terms, shall constitute and Event of Default as outlined in Article 6 in the Debenture Agreement between the Company and the Holder of this date, may elect to take actions as outlined in the Debenture.

Governmental Changes. Notwithstanding anything else to the contrary contained herein, in the event that any *** or *** or *** any *** or *** that *** or *** any *** to the Buyer for the Designated Location(s), Buyer at its sole discretion, may in whole or in part, unilaterally terminate this Agreement for the affected Designated Location(s) (each a “Terminated Location”). Prior to unilaterally terminating this Agreement for the affected Designated Location(s) pursuant to the terms of this paragraph, Buyer and Seller shall meet and discuss alternatives to termination. In the event that Buyer and Seller are not able to agree upon an alternative to termination, all of each parties’ rights, duties and obligations under this Agreement related to such Terminated Location(s) shall terminate and be of no further force and effect. Buyer may only exercise this right within thirty (30) days of the effective date of the elimination and/or reduction in the credit. Should any *** or *** in a manner that *** or *** (in each party’s sole judgment), Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account for such change. Should that renegotiation be unsuccessful, then the *** party may, at its sole discretion, *** this Agreement for the affected Designated Location(s). In the event a *** party makes such an election, all of each parties’ rights, duties and obligations under this Agreement related to such *** Location(s) shall *** and be of no further force and effect ten (10) days after such party provides written notice to the other party that it does not believe in good faith that efforts to renegotiate the Agreement will be successful. In the event that any ***, or *** a *** only ***, or specifically related to the *** of *** for the ***, Buyer and Seller agree to a good faith effort to renegotiate the terms and conditions of this Agreement to account for such change. Should that renegotiation be unsuccessful, then Buyer at its sole discretion, may in whole or in part, *** this Agreement for the affected Designated Location(s) on sixty (60) days prior written notice. In the event Buyer makes such an election, all of each parties’ rights, duties and obligations under this Agreement related to such *** Location(s) shall *** and be of no further force and effect at the later of the effective date of such *** or the end of said sixty (60) day notice period. In the event that any *** or *** or ***, *** or *** that *** or *** the *** of **...

Governmental Changes. In the event that any changes to the Drawings are required by Legal Requirements, Permitted Exceptions and/or by any Governmental Authorities (collectively, a “Governmental Change”), Landlord shall consult with Tenant to determine if Landlord shall file for a variance or waiver of such Governmental Change or whether Landlord shall implement any such Governmental Change to the Drawings with Tenant’s consent, not to be unreasonably withheld, conditioned, or delayed. Landlord shall provide Tenant with notice of such changes and reasonably detailed drawings of such Governmental Changes. The cost of pursuing any variance or waiver of a Governmental Change pursuant to this Section 8.1 shall be the sole responsibility of Tenant. The period of time required to implement or to pursue any variance or waiver of a Governmental Change shall constitute an Force Majeure Delay.

Governmental Changes. The limitation on increases of Real Estate Taxes set forth in Section 6.b(iv) shall not apply to any increases resulting from (1) governmental changes in the manner of determining the amount of the Real Estate Taxes due (E.G., governmental changes resulting from (A) determination that Proposition 13, and the applicable provisions of the California Constitution (E.G., Article XIII), are unconstitutional or (B) increases, above two percent (2%), in the permitted annual percentage rate of increase in the "full cash value", as defined in Article XIII.A, Section 2 of the California Constitution), (2) any change described in the second sentence of Section 6.b(i) hereof, (3) any expenses described in the third sentence of Section 6.b(i) hereof, and (4) as a result of any tenant improvements, but only to the extent of Eight Dollars ($8.00) per rentable square foot of such improvements.