Regulatory Reform Sample Clauses

A Regulatory Reform clause allows the parties to address changes in laws or regulations that may affect the agreement during its term. Typically, this clause outlines procedures for modifying the contract if new legal requirements arise, such as renegotiating terms or adjusting obligations to maintain compliance. Its core function is to provide flexibility and ensure that the contract remains valid and enforceable even if the regulatory environment changes, thereby protecting both parties from unforeseen legal risks.
Regulatory Reform. National and ACT agree with the OECD that excessive and poor-quality regulation is holding New Zealand back. The two parties will continue to work together on reducing the regulatory burden.
View SourceView Similar (2)
Regulatory Reform. Over the last few years, ▇▇▇▇▇▇▇ has been extremely active in performing a top-to-bottom review of all of its regulations to find ways to eliminate inefficiencies while achieving strong environmental outcomes with less staff labor. All of these MassDEP’s 3-Year Strategic Priorities FFY15 Priorities for MassDEP from the Massachusetts Executive Office of Energy and Environmental Affairs
View Source
Regulatory Reform. A robust regulatory framework is essential to ensure transparent and equitable pricing of medicines in both the public and private sectors. Empowering the LMHRA with legal authority to establish reference pricing, mark-up regulations, and reimbursement price policies will safeguard the RDF against potential pricing disparities that could threaten its sustainability.
View Source
Regulatory Reform. Budget constraints have forced re-evaluation of old methods and driven reform and innovation. MassDEP has been working on a broad Regulatory Reform Initiative and released the Final Action Plan for Regulatory Reform on March 5, 2012. The goal of this far-reaching effort is to maintain the agency’s high standards for environmental protection with the present level of staff, which has been reduced by more than 30 percent during the last decade. This initiative also complies with the 2010 Act Relative to Economic Development Reorganization, which requires Massachusetts state agencies to review existing regulations for efficiency improvements, and is designed to remedy duplicative or redundant permitting, encourage environmentally beneficial projects, pare down MassDEP oversight of low-impact activities, and free up staff to focus on high priority items, including water body monitoring, inspections and enforcement, and implementation of the federal Clean Air Act. In FY13 MassDEP will finalize the regulation and policy groundwork needed, and then in late FY13 and beyond the agency will implement the full suite of reforms that will further improve agency efficiency while providing equal protection.
View Source
Regulatory Reform. The Borrower shall cause Power Division to continue the implementation of structural and regulatory reforms in the power sector and specifically (i) transfer the assets and operation of distribution networks designed to be served by NWZPDCL from BPDB and make NWZPDCL operational by 30 June 2014, (ii) establish independent entities for BPDB distribution functions, (iii) establish independent entities for BPDB generation facilities and execute power purchase agreements as necessary, and (iv) reconstitute the boards of power sector entities established under the Borrower’s Companies Act 1994 in accordance with the principles indicated in earlier loan documents.
View Source
Regulatory Reform. The Department seeks to reform its programs to achieve strong environmental outcomes with less staff labor. Ideas under consideration include expanded use of semi-privatized approaches (like the current site cleanup [21E] model), general permits, and self-certifications with rigorous audits. MassDEP intends to experiment with new approaches by utilizing pilots and short-term changes, which then get evaluated and refined as needed. MassDEP expects to rollout approximately 20 reform ideas this fall. Clean Energy Results Program: MassDEP will continue to harness its expertise to bolster energy efficiency and renewable energy. The agency will expand activities to promote solar energy at landfills, energy efficiency at wastewater and drinking water treatment plants, onshore wind energy, anaerobic digestion with combined heat and power, and others. MassDEP hopes to enhance the assistance provided to project proponents and communities through increased technical assistance and establishing clear and predictable permitting pathways for renewable energy. Cape Cod Nitrogen Issues: Nitrogen pollution is a critical issue in the bays and estuaries of Cape Cod. ▇▇▇▇▇▇▇ has committed substantial resources to develop a solid scientific understanding of the causes of the problem. In the coming year, ▇▇▇▇▇▇▇ will continue partnering with the Cape Cod communities, EPA, and other interested stakeholders to find and implement cost-effective solutions.
View Source

Related to Regulatory Reform

  • Regulatory Reporting ▇▇▇▇▇▇▇ agrees to provide reports to the federal and applicable state authorities, including the SEC, and to the Fund’s auditors. Applicable state authorities are those governmental agencies located in states in which the Fund is registered to sell shares.

  • Regulatory References A reference in this Agreement to a section in the HIPAA Rules means the section as in effect or as amended.

  • 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 Responsibilities 6.6.1 From and after the Closing, subject to the terms of the Transition Services Agreement and except as required by a Party to comply with applicable Law or to exercise its rights and obligations hereunder or under any other Ancillary Agreement, Purchaser shall have the sole right and responsibility for preparing, obtaining and maintaining all Regulatory Approvals necessary for the Product Business, and for conducting communications with Governmental Authorities of competent jurisdiction, for Seller Products. Without limitation of the foregoing, promptly following the Closing, Purchaser shall obtain such FDA approvals as are necessary for Purchaser’s own Product labeling and shall comply with such FDA approvals upon receipt thereof. 6.6.2 Subject to the terms of the Transition Services Agreement from and after the Closing, Seller shall support Purchaser, as may be reasonably necessary and practicable, at Purchaser’s cost and expense, in preparing, obtaining and maintaining all Regulatory Approvals for the Seller Products, including providing necessary documents or other materials required by applicable Law for Purchaser to obtain or maintain such Regulatory Approvals, in each case, in accordance with the terms and conditions of this Agreement. 6.6.3 Except to the extent otherwise provided in the Transition Services Agreement, from and after the Closing, Seller shall provide Purchaser with (i) copies of all written or electronic correspondence relating to any Seller Product received by Seller, its Affiliates, licensees, sublicensees or distributors from, or submitted by Seller, its Affiliates, licensees, sublicensees or distributors to, Regulatory Authorities; and (ii) copies of all meeting minutes and other similar summaries of all meetings, conferences and discussions held by Seller with Regulatory Authorities to the extent relating to any Seller Product, including copies of all contact reports produced by Seller and its Affiliates, licensees, sublicensees and distributors, in each case ((i) and (ii)), within ten (10) Business Days after Seller’s receipt, submission or production of the foregoing, as applicable. To the extent applicable, Seller shall provide Purchaser a draft of any written response thereto reasonably in advance (in light of the prevailing circumstances) of submitting such response to the applicable Regulatory Authorities.

  • Regulatory Reports Since January 1, 2013, Company and its Subsidiaries have duly filed with the FRB, the FDIC, the Florida Office of Financial Regulation and any other applicable Governmental Authority, in correct form, the reports and other documents required to be filed under applicable Laws and regulations and have paid all fees and assessments due and payable in connection therewith, and such reports were, in all material respects, complete and accurate and in compliance with the requirements of applicable Laws and regulations. Other than normal examinations conducted by a Governmental Authority in the Ordinary Course of Business of Company and its Subsidiaries, no Governmental Authority has notified Company or any of its Subsidiaries that it has initiated or has pending any proceeding or, to Company’s Knowledge, threatened an investigation into the business or operations of Company or any of its Subsidiaries since January 1, 2013 that would reasonably be expected to be material. There is no material unresolved violation, criticism, or exception by any Governmental Authority with respect to any report or statement relating to any examinations or inspections of Company or any of its Subsidiaries. There have been no material formal or informal inquiries by, or disagreements or disputes with, any Governmental Authority with respect to the business, operations, policies or procedures of Company or any of its Subsidiaries since January 1, 2013.