Common use of Regulatory Changes Clause in Contracts

Regulatory Changes. If any final and nonappealable legislative, regulatory, judicial or other legal action materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days written notice (delivered not later than thirty (30) days following the date on which such action has become legally binding and has otherwise become final and unappealable) to the other Party 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. If such provisions are not renegotiated within thirty (30) days after such notice, either Party may petition for arbitration pursuant to §252 of the Act.

Regulatory Changes. If any final and nonappealable legislative, regulatory, judicial or other legal action materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days days’ written notice (delivered not later than thirty (30) days following the date on which such action has become legally binding and has otherwise become final and unappealable) to the other Party 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. If such provisions are not renegotiated within thirty (30) days after such notice, either Party may petition for arbitration pursuant to §252 of the Act.

Regulatory Changes. If any final and nonappealable non-appealable legislative, regulatory, judicial or other legal action materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days days’ written notice (delivered not later than thirty (30) days following the date on which such action has become legally binding and has otherwise become final and unappealablenon-appealable) to the other Party 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. If such new provisions are not renegotiated within thirty (30) days after such notice, either Party may petition for arbitration pursuant to §§ 252 of the Act.

Regulatory Changes. If any final and nonappealable legislative, regulatory, judicial or other legal action materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty (30) days days’ written notice (delivered not later than thirty (30) days following the date on which such action has become legally binding and has otherwise become final and unappealablenonappealable) to the other Party 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. If such new provisions are not renegotiated within thirty (30) days after such notice, either Party may petition for arbitration pursuant to §§ 252 of the Act.

Regulatory Changes. If any final and nonappealable legislative, regulatory, judicial or other legal action materially affects the ability of a Party to perform any material obligation under this Agreement, a Party may, on thirty sixty (3060) days days’ written notice (delivered not later than thirty sixty (3060) days following the date on which such action has become legally binding and has otherwise become final and unappealable) to the other Party appealable), require that the affected provision(s) be renegotiated renegotiated, and the Parties shall renegotiate in good faith such mutually acceptable new provision(s) as may be required; provided however that such affected provisions shall not affect the validity of the remainder of this Agreement. If such provisions are replacement language cannot renegotiated be agreed upon within thirty (30) days after such noticea reasonable period, either Party may petition terminate this Agreement without penalty or liability for arbitration pursuant such termination upon written notice to §252 of the Actother Party.