REGULATORY CERTAINTY Clause Samples

The Regulatory Certainty clause establishes clear expectations regarding compliance with applicable laws and regulations throughout the duration of an agreement. It typically requires both parties to adhere to current legal standards and may outline procedures for addressing changes in the regulatory environment, such as updating practices or renegotiating terms if new laws impact the agreement. This clause's core function is to minimize legal risk and ambiguity by ensuring that both parties are aligned on their obligations in a shifting regulatory landscape.
REGULATORY CERTAINTY. 24A.1 In this clause 24A and Annexure 1 the following terms have the meanings indicated:
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REGULATORY CERTAINTY. Reduce administrative burdens on the offshore wind industry by clarifying, streamlining, and aligning, where appropriate, state regulatory requirements related to construction and installation of offshore wind projects;
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REGULATORY CERTAINTY. DOI and the states intend that this Program, if implemented, provide regulatory certainty under the ESA to existing water related activities and to certain new water related activities subject to review under section 7 of the ESA. DOI and the states anticipate that the Program, as it may be modified after NEPA and ESA evaluation and over time, will serve as the reasonable and prudent alternative under section 7 for existing water related activities and covered new water related activities during the term of the Program. Notwithstanding that Program activities described below will generally be focused on the geographic area defined herein as Aassociated habitats,@ the implementation of such activities is to serve as the reasonable and prudent alternative for impacts to the target species and their habitats within the Platte River Basin downstream from the confluence of the North and South Platte Rivers. Regulatory certainty will be provided by the following mechanisms: A. For water related activities existing as of the effective date of the Cooperative Agreement, FWS intends that the reasonable and prudent alternative during the term of the Program shall be the activities carried out by or on behalf of those water related activities through the Program, as described above and as set forth in Appendix B, AContributions of the Parties During the First Increment,@ and as may be set forth in the future for subsequent Program increments. For water related activities existing as of the effective date of the Cooperative Agreement for which consultation pursuant to section 7 was completed prior to or during the term of the Cooperative Agreement (covered by Cooperative Agreement Paragraphs VIII.A.1, 2 and 4), payments made or measures undertaken by or on behalf of these water related activities during the term of the Cooperative Agreement shall be credited against the payments and measures set forth in Appendix B to the extent they contribute to the land acquisition and restoration purposes of the Program. B. For new water related activities subject to section 7(a)(2) of the ESA, FWS intends that the reasonable and prudent alternative during the term of the Program shall be the activities carried out by or on behalf of those water related activities through the Program, as described below and as set forth in Appendix A, Tabs 1B, 2B, 3B, APlan[s] for Future Depletions@ for the respective states. For such water related activities for which consultation pursuant to sec...
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REGULATORY CERTAINTY 
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Related to REGULATORY CERTAINTY

  • Regulatory Changes If any legislative, regulatory, judicial or other legal action (other than an Amendment to the Act, which is provided for in Section 29.3) materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days written notice to the other Party (delivered not later than thirty (30) days following the date on which such action has become legally binding), require that the affected provision(s) be renegotiated, and the Parties shall renegotiate in good faith such mutually acceptable new provision(s) as may be required; provided that such affected provisions shall not affect the validity of the remainder of this Agreement.

  • Regulatory Cooperation In connection with any foreclosure, collection, sale or other enforcement of Liens granted to the Administrative Agent in the Collateral Documents, Parent will, and will cause its Restricted Subsidiaries to, reasonably cooperate in good faith with the Administrative Agent or its designee in obtaining all regulatory licenses, consents and other governmental approvals necessary or (in the reasonable opinion of the Administrative Agent or its designee) reasonably advisable to conduct all aviation operations with respect to the Collateral and will, at the reasonable request of the Administrative Agent and in good faith, continue to operate and manage the Collateral and maintain all applicable regulatory licenses with respect to the Collateral until such time as the Administrative Agent or its designee obtain such licenses, consents and approvals, and at such time Parent will, and will cause its Restricted Subsidiaries to, cooperate in good faith with the transition of the aviation operations with respect to the Collateral to any new aviation operator (including, without limitation, the Administrative Agent or its designee).

  • Regulatory Change Without limiting the effect of the provisions of Section 5.01(a), in the event that at any time (by reason of any Regulatory Change or any other circumstances arising after the Closing Date affecting (i) any Lender, (ii) the London interbank market or (iii) such Lender’s position in such market), the Adjusted LIBOR, as determined in good faith by such Lender, will not adequately and fairly reflect the cost to such Lender of funding its LIBOR Loans, then, if such Lender so elects, by notice to the Borrower and the Administrative Agent, the obligation of such Lender to make additional LIBOR Loans shall be suspended until such Regulatory Change or other circumstances ceases to be in effect (in which case the provisions of Section 5.04 shall be applicable).

  • Regulatory Examinations The Sub-Advisor will cooperate promptly and fully with the Advisor and/or the Trust in responding to any regulatory or compliance examinations or inspections (including information requests) relating to the Trust, the Fund or the Advisor brought by any governmental or regulatory authorities having appropriate jurisdiction (including, but not limited to, the SEC).

  • FINANCIAL IMPLICATIONS There are no budget implications. The applicant will be responsible for all costs, expenses, liabilities and obligations imposed under or incurred in order to satisfy the terms of this proposed development agreement. The administration of the proposed development agreement can be carried out within the approved 2019- 2020 budget and with existing resources.