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 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. A regulatory agency disallowing, in whole or in part, 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 otherother Party. A regulatory agency disallowing, in whole or in partparty, 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 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 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. A regulatory agency disallowing, in whole or in part, 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 otherother Party. A regulatory agency disallowing, in whole or in partparty, the pass through of costs resulting from this Agreement shall not constitute a Regulatory Event. SECTION 16.