Common use of REGULATORY EVENT Clause in Contracts

REGULATORY EVENT. In the event that any regulatory body directly or indirectly asserts jurisdiction over the Parties' obligations and, as a result, performance under the Agreement becomes commercially impracticable by either Party ("Regulatory Event"), then the Parties shall negotiate in good faith in order to amend the Agreement (and the Parties' obligations and rights thereunder) to cure the Regulatory Event. In the event that the Regulatory Event cannot be reasonably cured to the satisfaction of the affected Party, the Party so affected shall have the right to terminate the Agreement upon thirty (30) days written notice to the other Party. A regulatory agency disallowing, in whole or in party, the pass through costs resulting from this Agreement shall not constitute a Regulatory Event.

REGULATORY EVENT. In the event that any regulatory body directly or indirectly asserts jurisdiction over the Parties' ’ obligations and, and as a result, result performance under the Agreement becomes commercially impracticable by either Party ("“Regulatory Event"”), then the Parties shall negotiate in good faith in order to amend the Agreement (and the Parties' ’ obligations and rights thereunder) to cure the Regulatory Event. In the event that the Regulatory Event cannot be reasonably cured to the satisfaction of the affected Party, the Party so affected shall have the right to terminate the Agreement upon thirty (30) days written notice to the other Partyother. A regulatory agency disallowing, in whole or in partypart, the pass through of costs resulting from this Agreement shall not constitute a Regulatory Event.

REGULATORY EVENT. In the event that any regulatory body directly or indirectly asserts jurisdiction over the Parties' obligations and, and as a result, result performance under the Agreement becomes commercially impracticable by either Party ("Regulatory Event"), then the Parties shall negotiate in good faith in order to amend the Agreement (and the Parties' obligations and rights thereunder) to cure the Regulatory Event. In the event that the Regulatory Event cannot be reasonably cured to the satisfaction of the affected Party, the Party so affected shall have the right to terminate the Agreement upon thirty (30) days written notice to the other Partyother. A regulatory agency disallowing, in whole or in partypart, the pass through of costs resulting from this Agreement shall not constitute a Regulatory Event.