Obligations Subject to Law. All obligations of either party hereunder shall be subject to all Applicable Laws including any changes or amendments thereto and either party may take any actions that it in good faith believes are appropriate and are required by then Applicable Law or the direction of any regulatory authority or, in Bank’s case, to prevent the occurrence of an “unsafe or unsound” banking practice (as defined in 12 U.S.C. § 1818, as may be amended).
Obligations Subject to Law. Notwithstanding anything in this Agreement to the contrary, if the Federal Aviation Administration ("FAA") or any other agency, court or authority having jurisdiction over the Commission or the Airport determines that any payment obligation of the City under this Agreement is prohibited by law or regulation, the City's obligation to make such payment shall be immediately terminated. In the event of any such termination, the City shall not be deemed to have breached this Agreement nor shall the City be liable for any damages to the County or Palcare caused by such termination.
Obligations Subject to Law. Notwithstanding any other provision of this Agreement, all of each Party’s obligations under this Agreement will be subject to the Applicable Laws.
Obligations Subject to Law. All obligations of either party hereunder shall be subject to all applicable laws, including any changes or amendments thereto and either party may take any actions that it in good faith believes are required by then applicable law or the direction of any regulatory authority or, in Bank’s case, to prevent the occurrence of an “unsafe or unsound” banking practice (as defined in 12 U.S.C. § 1818); provided, that Section 9.2(k) will continue to be applicable with respect to any such action taken as hereinabove authorized, if such action constitutes or gives rise to a Force Majeure Event.”
