Common use of Modification Based on Change of Law or Regulations Clause in Contracts

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreement, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 of this Agreement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Modification Based on Change of Law or Regulations. If any party to this Agreement contends If, after the Effective Date, either Party believes that there is a change in any applicable law or regulation, regulation which will necessitate requires a modification under Section 7.1 of this Agreement because it imposes a less rigorous an obligation than that is contradictory to the obligations provided in this Agreement, that party the Party shall notify counsel for the other parties Party in writing. The notification will include the way in which the party Party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object Party objects in writing to the proposed modification. In the event of a disagreement between the parties Parties over the appropriate modifications to this the Agreement as contemplated by this Section, the parties Parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 of this AgreementVII.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreementsection 4.1, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement understanding during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 6 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreementsection 7.1, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section section 9 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreement, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer xxxxxx and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends If, after the Effective Date, either Party believes that there is a change in any applicable law or regulation, regulation which will necessitate requires a modification under Section 7.1 of this Settlement Agreement because it imposes a less rigorous different obligation than provided in this Settlement Agreement, that party the Party shall notify counsel for the other parties Party in writing. The notification will include the way in which the party Party contends the Settlement Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object Party objects in writing to the proposed modification. In the event of disagreement between the parties Parties over the appropriate modifications to this Settlement Agreement as contemplated by this Section, the parties Parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to the Procedures in the Event of Disputes in Section 9 of this Settlement Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 11.1, above, because it imposes a less rigorous obligation than provided in this Agreement, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 13 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

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Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreementsection 7.1, that party shall notify counsel for the other parties in writing. The notification will include the way in which the party contends the the‌ Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section section 9 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, regulation which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreement7.4.3, that party shall notify counsel for the other parties parties, in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification; provided, however, that no modification shall be effective before the mandatory compliance date of such statutory or regulatory amendment. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 7 of this Agreement.

Appears in 1 contract

Samples: Settlement Agreement

Modification Based on Change of Law or Regulations. If any party to this Agreement contends that there is a change in any applicable law or regulation, regulation which will necessitate a modification under Section 7.1 because it imposes a less rigorous obligation than provided in this Agreement7.4.3, that party shall notify counsel for the other parties parties, in writing. The notification will include the way in which the party contends the Agreement should be modified as a result of the change in law or regulation. The proposed modification will become effective thirty (30) days after such notification unless counsel for the other parties object in writing to the proposed modification. In the event of disagreement between the parties over the appropriate modifications to this Agreement as contemplated by this Section, the parties shall meet and confer and shall work together in good faith to resolve the disagreement. Failure to reach agreement during such meet and confer shall be considered a dispute to be resolved pursuant to Section 9 7 of this Agreement.

Appears in 1 contract

Samples: Agreement

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