Common use of Impact of change in law Clause in Contracts

Impact of change in law. In case of any change in Law during the tenure of the PPA, the aggrieved Party shall be required to approach the Hon’ble JERC for seeking approval of impact due to Change in Law. The decision of the Hon’ble JERC to acknowledge Changes in Law and the date from which it will become effective, provide relief for the same, shall be final and governing on both the Parties.

Impact of change in law. In case of any change in Law during the tenure of the PPA, the aggrieved Party shall be required to approach the Hon’ble JERC for seeking approval of impact due to Change in Law. The decision of the Hon’ble JERC to acknowledge Changes Change in Law and the date from which it will become effective, provide relief for the same, shall be final and governing on both the Parties.