Regulatory Order Sample Clauses
A Regulatory Order clause defines the parties' obligations in the event that a government or regulatory authority issues an order affecting the agreement. Typically, this clause requires the parties to comply with such orders, which may include suspending, modifying, or terminating certain activities under the contract. For example, if a new law prohibits the sale of a product covered by the agreement, the parties must adjust their actions accordingly. The core function of this clause is to ensure that the contract remains compliant with applicable laws and regulations, and to provide a clear process for responding to unforeseen regulatory changes.
Regulatory Order. A no-opposition letter from the Louisiana Public Service Commission (the “LPSC Order”) relating to the issuance of the Notes shall have been received by the Company and copies thereof shall have been furnished to the Purchasers.
Regulatory Order. MGE and WPSC will cooperate and exercise ---------------- their commercially reasonable best efforts to obtain such regulatory orders as shall be required to obtain the results intended under this subsection.
Regulatory Order. 18 f. Administration . . . . . . . . . . . . . . . . . . 18 g. General . . . . . . . . . . . . . . . . . . . . . 19
Regulatory Order. By United upon written notice to Benchmark if a Regulatory Authority issues any Regulatory Order relating to Benchmark or Benchmark Bank, and United determines, in its sole discretion, that such Regulatory Order has or would have a Material Adverse Effect on Benchmark or Benchmark Bank. In the event United terminates this Agreement pursuant to this Section 8.01(e), then Benchmark shall pay to United the Break-Up Fee immediately upon written demand therefor.
Regulatory Order. By City upon written notice to Farmers if a Regulatory Authority issues any Regulatory Order relating to Farmers or Farmers Deposit Bank, and City determines, in its sole discretion, that such Regulatory Order has or would have a Material Adverse Effect on Farmers or Farmers Deposit Bank.
Regulatory Order. By PFBI upon written notice to FNHC if a Regulatory Authority issues any Regulatory Order relating to FNHC or ▇▇▇▇▇▇▇, and PFBI determines, in its sole discretion, that such Regulatory Order has or would have a Material Adverse Effect on FNHC or ▇▇▇▇▇▇▇.
Regulatory Order. Stage 2 shall take effect when that system is directed to reduce use by a governmental or regulatory agency. The amount of voluntary reduction shall equal the percentage directed by that governmental or regulatory agency relative to a base year determined by the governmental or regulatory agency.