Common use of Limitations on Adjustment Clause in Contracts

Limitations on Adjustment. Notwithstanding anything in this Schedule and this Lease to the contrary, the Lessor shall not be entitled or required to make any adjustment under the provisions of this Schedule or in the preparation of any Cash Flow and no change shall be treated as occurring in any Variable Assumption or Termination Assumption where and to the extent that, otherwise than (i) as a result of the occurrence of any change in Variable Assumption 1.13, (ii) by reason of any of the transactions effected under or pursuant to or contemplated by the Transaction Documents and the Share Acquisition Documents (other than an assignment by the Lessor pursuant to clause 30.2), (iii) as a result of a change in Generally Accepted Accounting Principles or, (iv) as a result of a breach by the Lessee of any of its obligations under the Transaction Documents, a Variable Assumption would but for the provisions of this paragraph 10, be treated as changing by reason of:

Appears in 5 contracts

Samples: Dated April 2003 (Golar LNG LTD), April 2003 (Golar LNG LTD), Dated April (Golar LNG LTD)

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