Pending Legislation Clause Samples
Pending Legislation. In the event the scope or extent of City’s tort liability as a governmental entity, as described in Sections 537.600 through 537.650, RSMo., is broadened or increased during the term of the Contract, by legislative or judicial action, City may require Provider, upon 10 days’ written notice, to execute an addendum whereby Provider agrees to provide, at a price not exceeding Provider’s actual increased premium cost, additional liability insurance coverage as City may require to protect City from increased tort liability exposure as the result of such legislative or judicial action. Any such additional insurance coverage shall be evidenced by an appropriate certificate of insurance and shall take effect within the time set forth in the addendum.
Pending Legislation. 10 Unrealized Receivables and Certain Inventory............................................................ 11
Pending Legislation. To the best knowledge of the County, after reasonable investigation, and except as otherwise disclosed to the Purchaser in writing prior to the Effective Date, there is no amendment or proposed amendment, certified for placement on a statewide ballot, to the Constitution of the State of California, or any published administrative interpretation of the Constitution of the State of California or any State of California law, or any pending legislation under consideration by any conference or similar committee, or any published judicial decision interpreting any of the foregoing, the effect of which is to materially adversely affect the ability of the County to pay the Notes or to pay or perform its Obligations hereunder.
Pending Legislation. As of the Issue Date hereof, proposed legislation exists, namely proposed amendments to Rule 144(d)(3)(ii) proposed on December 22, 2020 in SEC Release 2020-336, that would fundamentally change the economic terms of this Note. In the event the rule becomes law and becomes effective while any amounts are outstanding under this Note, Section 1.2 hereof shall be automatically amended to contain only a fixed conversion price of $0.10 per share. In the event that the Borrower is in default of any of the provisions of the Note or other Transaction Documents, and the Company has not cured said default within five (5) calendar days, the fixed conversion price shall be reduced to $0.05 per share (the “Default Fixed Price”) in addition to any other principal adjustments, default interest, or other remedies available to it under law. In the event the final rule, or any other combination of final rules, make this provision inoperable, invalid, or otherwise have an effect that changes the economics of the transactions contemplated hereby, the pertinent clause or mechanic of operation shall be stricken and only the fixed price provision shall remain.
Pending Legislation. In the event of the passage of legislation governing DROPs in the Commonwealth of Pennsylvania, this Ordinance shall be amended to comply with any legal requirements set forth in such legislation. The application of any amendments to police officers actively employed as of the effective date of any such legislation shall be governed by and consistent with constitutional principles applicable to the pension and retirement benefits.
Pending Legislation. As of the Issue Date hereof, proposed legislation exists, namely proposed amendments to Rule 144(d)(3)(ii) proposed on December 22, 2020 in SEC Release 2020-336, that would fundamentally change the economic terms of this Note. In the event the rule becomes law and becomes effective while any Warrant Shares still outstanding under this Warrant, any pricing mechanism deemed to be a market-adjustable price shall automatically be stricken from this Warrant and only the Fixed Exercise Price of $0.025, or the Default Fixed Exercise Price of $0.005 should an Event of Default exist, subject to other non-market adjustments, shall remain.
Pending Legislation. To the best knowledge of the Designated Officer, after due investigation, there is no amendment or proposed amendment to the Constitution of the State or any State law (including, without limitation, the Improvement Bonds Act and the Public Debt Act) or any administrative interpretation of the Constitution of the State or any State law (including, without limitation, the Improvement Bonds Act and the Public Debt Act), or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to materially and adversely affect or, in the future may (so far as it can reasonably foresee) materially and adversely affect, the business, assets or liabilities, financial condition, results of operations, or the business prospects of the City.
Pending Legislation. The County knows of no legislation pending that could, if enacted, adversely affect the validity or enforceability of this Agreement or the Related Documents, or the ability of the County to perform its obligations hereunder or under the Related Documents. No legislation has been enacted which in any way adversely affects the issuance or delivery of the Bonds or the execution, delivery or performance of this Agreement or the Related Documents or the creation, organization or existence of the County or the titles to office of any officers thereof, or the power of the County to carry out its obligations under this Agreement or the Related Documents or the ability of the County to perform its obligations hereunder or under the Related Documents.
Pending Legislation. To the best knowledge of the Designated Officer, there is no amendment or proposed amendment to the Constitution of the State or any State law or any administrative interpretation of the Constitution of the State or any State law, or any legislation that has passed either house of the legislature of the State, or any judicial decision interpreting any of the foregoing, the effect of which could reasonably be expected to materially and adversely affect or, in the future may (so far as it can reasonably foresee) materially and adversely affect, the business, assets or liabilities, financial condition, results of operations, or the business prospects of the City.
Pending Legislation. As of the Issue Date hereof, proposed legislation exists, namely proposed amendments to Rule 144(d)(3)(ii) proposed on December 22, 2020 in SEC Release 2020-336, that would fundamentally change the economic terms of this Note. In the event the rule becomes law and becomes effective while any amounts are outstanding under this Note, Section 2.2 hereof shall be automatically amended to contain only a fixed conversion price of $0.30 per share. In the event that the Borrower is in default of any of the provisions of the Note or other Transaction Documents, and the Company has not cured said default within five (5) calendar days, the fixed conversion price shall be reduced to $0.15 per share (the “Default Fixed Price”) in addition to any other principal adjustments, default interest, or other remedies available to it under law. Should the default remain uncured for 30 calendar days, the Default Fixed Price shall decrease by 10% for every seven calendar days the respective default remains uncured. In the event the final rule, or any other combination of final rules, make this provision inoperable, invalid, or otherwise have an effect that changes the economics of the transactions contemplated hereby, the pertinent clause or mechanic of operation shall be stricken and only the fixed price provision shall remain. The amendment contemplated in this paragraph 5.15 shall not apply so long as the Registrable Shares are saleable under an effective Registration Statement.