Material Adverse Government Action Sample Clauses

Material Adverse Government Action. If (A) any regulatory agency or court having competent jurisdiction over this Agreement requires a change to the terms of this Agreement that materially adversely affects a Party, or (B) any regulatory or court action adversely and materially impacts a Party's ability to perform or otherwise provide services pursuant to this Agreement.
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Material Adverse Government Action. For the purposes of this Agreement, “
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Material Adverse Government Action. 24.4.1 Should the Concessionaire be affected by an action which the Concessionaire believes to be a Material Adverse Government Action, the Concessionaire shall within 30 days of the occurrence of such action submit to the Disputes Board a request for certification of such action as a Material Adverse Government Action (“Request for Certification of a Material Adverse Government Action”), with a copy to the CTA. In its Request for Certification of a Material Adverse Government Action, the Concessionaire shall describe the said action and its likely impact on the Concessionaire. The Disputes Board, at its sole discretion, shall certify or refuse to certify the said action as a Material Adverse Government Action. 24.4.2 The CTA shall have 60 days from the date of receipt of the said certification of a Material Adverse Government Action issued by the Disputes Board to effect a remedy which restores the condition of the Concessionaire to the position it would have been in, had such action not occurred. 24.4.3 If the CTA will not affect such a remedy within the specified time period, then, within 30 days after the expiry of such specified period, the CTA and the Concessionaire shall consult with a view to reach a mutually satisfactory resolution to the situation. 24.4.4 The provisions of this Section 24.4 shall not release the Concessionaire from obligations due, or compliance required, under this Agreement prior to the occurrence of the Material Adverse Government Action, or the performance of obligations not affected by the Material Adverse Government Action. If the Disputes Board shall determine that the performance of an obligation is prevented due to a Material Adverse Government Action, the Concessionaire shall resume performance of such obligation under this Agreement when the effects of the Material Adverse Government Action are removed or rectified.
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Material Adverse Government Action. 29.1 For the purposes of this Agreement, “Material Adverse Government Action” means any act or omission by the Contracting Authority or any relevant Public body or event set out in Clause 29.2 below, which occurs during the term of this Agreement and which (i) directly causes the Private party to be unable to comply with all or some of its obligations under the Agreement and/or (ii) has a Material Adverse Effect on its costs or revenues.
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Material Adverse Government Action. 17.1 The Developer may request that the Contracting Authority remedies any Material Adverse Government Action in accordance with this clause 17.
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Material Adverse Government Action. Section 1.1 The definition should not be limited to actions of a national governmental agency as the Concessionaire may be adversely affected by actions of the government below national agency level. As between the Concessionaire and the Grantors, the Grantors are in a much better position to manage this risk. This comment has been noted and considered by the Grantors. To the extent to which the comment has been accepted, an amendment has been made to the Concession Agreement and is reflected in the Generic and Panglao versions of the Concession Agreement issued on 15 December 2015.
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Material Adverse Government Action 
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Related to Material Adverse Government Action

  • No Material Adverse Event Since the respective dates as of which information is disclosed in the Registration Statement, the Prospectus and the Incorporated Documents, except as otherwise stated therein, there shall not have been (i) any change or decrease in previously reported results specified in the letter or letters referred to in paragraph (d) of this Section 6 or (ii) any change, or any development involving a prospective change, in or affecting the condition (financial or otherwise), earnings, business or properties of the Company and its subsidiaries taken as a whole, whether or not arising from transactions in the ordinary course of business, except as set forth in or contemplated in the Registration Statement, the Prospectus and the Incorporated Documents (exclusive of any amendment or supplement thereto) the effect of which, in any case referred to in clause (i) or (ii) above, is, in the sole judgment of the Manager, so material and adverse as to make it impractical or inadvisable to proceed with the offering or delivery of the Shares as contemplated by the Registration Statement (exclusive of any amendment thereof), the Incorporated Documents and the Prospectus (exclusive of any amendment or supplement thereto).

  • Company Material Adverse Effect Since the date of this Agreement, there shall not have been any Company Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect.

  • No Material Adverse Breaches, etc Except as set forth in the SEC Documents, neither the Company nor any of its subsidiaries is subject to any charter, corporate or other legal restriction, or any judgment, decree, order, rule or regulation which in the judgment of the Company's officers has or is expected in the future to have a Material Adverse Effect on the business, properties, operations, financial condition, results of operations or prospects of the Company or its subsidiaries. Except as set forth in the SEC Documents, neither the Company nor any of its subsidiaries is in breach of any contract or agreement which breach, in the judgment of the Company's officers, has or is expected to have a Material Adverse Effect on the business, properties, operations, financial condition, results of operations or prospects of the Company or its subsidiaries.

  • Parent Material Adverse Effect Since the date of this Agreement, there shall not have been any Parent Material Adverse Effect or any event, change, or effect that would, individually or in the aggregate, reasonably be expected to have a Parent Material Adverse Effect.

  • Material Adverse Effect The occurrence of any event or condition that has had, or could reasonably be expected to have, a Material Adverse Effect.

  • Notice of Material Adverse Effect The Company shall notify the Buyer (and any subsequent holder of the Debentures), as soon as practicable and in no event later than three (3) business days of the Company’s knowledge of any Material Adverse Effect on the Company. For purposes of the foregoing, “knowledge” means the earlier of the Company’s actual knowledge or the Company’s constructive knowledge upon due inquiry.

  • No Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Material Adverse Effect.

  • No Company Material Adverse Effect Since the date of this Agreement, there shall not have occurred any Company Material Adverse Effect.

  • Notice of Material Adverse Change Firm agrees to notify Citizens in writing of any “Material Adverse Change” to Firm within ten (10) days of said change. A “Material Adverse Change” means: (i) a change in the business operations or financial condition of Firm which negatively impacts its capacity to meet its professional or financial obligations;

  • Absence of Material Adverse Effect Since the date of this Agreement, there shall not have been any event, change or occurrence that, individually or in the aggregate, has had or would reasonably be expected to have a Company Material Adverse Effect.

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