LEGISLATIVE AND REGULATORY CHANGES Clause Samples

LEGISLATIVE AND REGULATORY CHANGES. If Florida law or the United States Department of Education rules prohibit tuition revenue sharing compensation for services provided by Company or any laws, regulations, or certification bodies otherwise prohibit or limit this Agreement, the Parties agree to negotiate in good faith a mutually agreed alternative compensation model. The Parties agree to work together to address any requirements imposed by the United States Department of Education or other governmental or certification bodies on the Distance Programs, including, those included in Title IV of the Higher Education Act. However, if either Party finds those requirements make its further participation in this Agreement impossible or impractical, and the Steering Committee cannot develop a mutually agreeable solution within sixty (60) days after one Party notifies the other of the offending requirements, it may terminate this Agreement immediately with no further obligation other than to pay Company Distributions for Company services that have been adequately performed prior to the termination.

LEGISLATIVE AND REGULATORY CHANGES. The parties hereto recognize that during the term of this Agreement legislative or regulatory changes may take place which could increase the cost of U1’s performance under the Agreement, in addition to direct costs which U1 may pass along to Strata pursuant to Section 4.1. If, from time to time subsequent to the Effective Date of this Agreement any federal, state, or local laws or regulations are adopted, or if any changes in, additions to, or more strict interpretations of existing federal, state or local laws or regulations are instituted (such as, but not limited to, those relating to the handling of uranium-bearing materials, land use, reclamation, water or air quality or other environmental considerations, employment, health, and safety, but excluding laws fixing tax rates on net income), the effect of which shall be to increase the cost of U1’s performance hereunder, U1 shall give written notice to Strata that such an increase in cost has occurred or is expected, including in such notice a statement of the estimated increase in the cost per pound of uranium, and the parties shall promptly and in good faith negotiate a compensating adjustment in the fee arrangement set forth in Section 4.1. If the parties are unable to agree upon the amount of such adjustment within 60 days after the date of U1’s notice, then at any time thereafter either party may by written notice terminate this Agreement.

LEGISLATIVE AND REGULATORY CHANGES. 122130. Given the long duration of privately financed infrastructure projectPPPs, the concessionaireprivate partner may face additional costs in meeting its obligations under the project agreementPPP contract because of future, unforeseen changes in legislation applying to its activities. In extreme cases, legislation could even make it financially or physically impossible for the concessionaireprivate partner to carry on with the project. For the purpose of considering the appropriate solution for dealing with legislative changes, it may be useful to distinguish between legislative changes having a particular incidence on privately financed infrastructure projectPPPs or on one specific project, on the one hand, and general legislative changes affecting other economic activities also, and not only infrastructure operation, on the other.

LEGISLATIVE AND REGULATORY CHANGES. The Supplier and its sub-contractors will use all reasonable endeavours to ensure that software Updates or Releases required to ensure compliance with legislative or other regulatory change will be available to the University in good time to be implemented, tested and accepted in time for the University to meet its legal and regulatory obligations.

LEGISLATIVE AND REGULATORY CHANGES. The Performance Standards will be agreed to on the basis of the legislation, regulations and policy in effect as of the date of this Agreement. Should there be any change in legislation, regulations, government policy, or the administration thereof affecting the cost of Extra-Mural Program Services or the ability of MHSNB to deliver the Extra-Mural Program Services and the Extra-Mural Administrative Services in accordance with the Performance Standards then both parties will undertake to negotiate either an exemption to such standards should the occurrence be of a limited duration, or an amendment to such standards should the change be long term in nature.

LEGISLATIVE AND REGULATORY CHANGES. The Parties record that other legislation pertaining to the Service may change or that the Minister of Transport or the Member of Executive Council for Safety and Liaison, may, from time to time, issue regulations governing various aspects impacting on the Services, the provision of Municipal services by Municipalities generally or regulating service provision agreements. To the extent that anything contained in this AGREEMENT shall be deemed, in so far as possible to be amended accordingly, provided that the remainder of the provisions of this AGREEMENT shall remain valid and effective. To the extend that the legislative or regulating amendments render any of the preceding provisions of this AGREEMENT ineffective, the Parties agree to renegotiate the provisions of this agreement in good faith, having due regard to such amendments and to the principles contained herein.

LEGISLATIVE AND REGULATORY CHANGES. Any provisions of this contract which may become inconsistent with legislation due to amendments to that legislation shall be deemed, insofar as possible, to be amended accordingly, provided that, where such legislative amendments render any provisions illegal, invalid, unenforceable or ineffective, the parties shall renegotiate such provisions in good faith, having due regard to such amendments and to the principles contained herein. If any provision cannot be renegotiated it shall be treated pro non scripto and severed from the balance of this contract, without invalidating the remaining provisions of this contract or affecting the validity or enforceability of such provisions.