Common use of Loyalty Clause Clause in Contracts

Loyalty Clause. The Parties hereto are agreed that application of the provisions agreed in the Agreement (including these Terms and Conditions) is subject to the principles of commercial loyalty and give a mu- tual assurance of their intention to execute the Agreement in this spirit. Going beyond the provisions of statute, the foundation for the transaction shall be subject to the following arrangements: Should circumstances emerge during the contractual term that have a significant and lasting effect in financial or legal terms on further execution of the Agreement for at least one of the Parties hereto, the Parties hereto shall make efforts to adjust their con- tractual commitments to meet the changed circumstances. Depending on the individual case, this may include the following situations: a long-term decline in the energy needs of Customer, the shutdown of dry-lignite (DL) production in at least one of RWE Power AG's production locations, or any not merely imma- terial and temporary increase in production costs due to a change in the legal or approval situation. The contracting partner who wishes to rely on changed circum- stances shall notify the other partner thereof in writing. Such no- tification shall detail the changed circumstances and the precon- ditions pursuant to subsection 2 above. If no amicable adjustment comes about in the case of subsection 2 within one month after the contracting partner has received a notification that meets the requirements of subsection 3, either contracting partner may terminate the Agreement by giving 6 months' notice to the end of a month. Any termination notice shall be in writing.

Loyalty Clause. The Parties hereto are agreed that application of the provisions agreed in the Agreement (including these Terms and Conditions) hereunder is subject to the principles of commercial loyalty and give a mu- tual mutual assurance of their intention to execute the Agreement in this spirit. Going beyond the provisions of statute, the foundation for the transaction shall be subject to the following arrangements: Should circumstances emerge during the contractual term that have a significant and lasting effect in financial or legal terms on further execution of the Agreement for at least one of the Parties hereto, the Parties hereto shall make efforts to adjust their con- tractual commitments to meet the changed circumstances. Depending on the individual case, this may include the following situations: e.g. a long-term decline in the energy needs of Customer, the shutdown of dry-lignite (DL) production in at least one of RWE Power AGAktiengesellschaft's production locationsloca- tions, or any not merely imma- terial immaterial and temporary increase in production costs due to a change in the legal or approval situationsitua- tion, the Parties hereto shall make efforts to adjust their con- tractual commitments to meet the changed circumstances. The contracting partner who wishes to rely on changed circum- stances shall notify the other partner thereof in writing. Such no- tification notification shall detail the changed circumstances and the precon- ditions preconditions pursuant to subsection 2 above2. If no amicable adjustment comes about in the case of subsection subsec- tion 2 within one month after the contracting partner has received re- ceived a notification that meets the requirements of subsection 3, either contracting partner may terminate the Agreement by giving 6 months' notice to the end of a month. Any termination notice shall be in writing.

Loyalty Clause. The Parties hereto are agreed that application of the provisions agreed in the Agreement (including these Terms and ConditionsCondi- tions) is subject to the principles of commercial loyalty and give a mu- tual mutual assurance of their intention to execute the Agreement in this spirit. Going beyond the provisions of statute, the foundation for the transaction shall be subject to the following arrangements: Should circumstances emerge during the contractual term that have a significant and lasting effect in financial or legal terms on further execution of the Agreement for at least one of the Parties hereto, the Parties hereto shall make efforts to adjust their con- tractual contractual commitments to meet the changed circumstancescircum- stances. Depending on the individual case, this may include the following follow- ing situations: a long-term decline in the energy needs of CustomerCus- tomer, the shutdown of dry-lignite (DL) production in at least one of RWE Power AG's production locations, or any not merely imma- terial mere- ly immaterial and temporary increase in production costs due to a change in the legal or approval situation. The contracting partner who wishes to rely on changed circum- stances shall notify the other partner thereof in writing. Such no- tification notification shall detail the changed circumstances and the precon- ditions preconditions pursuant to subsection 2 above. If no amicable adjustment comes about in the case of subsection subsec- tion 2 within one month after the contracting partner has received re- ceived a notification that meets the requirements of subsection 3, either contracting partner may terminate the Agreement by giving 6 months' notice to the end of a month. Any termination notice shall be in writing.