Renegotiate in Good Faith Sample Clauses

Renegotiate in Good Faith. The Parties agree to attempt to renegotiate this Agreement upon the occurrence of any of the following events: (a) if either Party would be materially and adversely affected by continued performance as a result of change in laws or regulations which require that one Party comply with a Law contrary to the Party’s prior reasonable understanding; (b) any material portion or provision of this Agreement be declared illegal or in violation of any Law by any court or state or federal agency; (c) Company or Proactive receive notice from any federal or state agency that, in such agency’s opinion, any material provision or provision of this Agreement is in violation of any federal or state statute, law, or rule or regulation, or official opinion; or (d) if either Party is engaged in a transaction or corporate reorganization which involves a material change to its operations where the result would frustrate the Parties’ prior reasonable understandings concerning this Agreement.
Sample 1
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Related to Renegotiate in Good Faith

  • Renegotiation The contract may be renegotiated at any time by the parties, based upon appropriate and reasonable changes in circumstances upon which the original terms of the contract were based.

  • Renegotiation or Modification The Parties agree to renegotiate this Agreement if federal and/or state revisions of any applicable laws or regulations make changes to this Agreement necessary. In addition to changes necessitated by law, DEO may at any time, with written notice to Grantee, make changes within the general scope of this Agreement. Such changes may include modification of the requirements, changes to processing procedures, or other changes as decided by DEO. Any investigation necessary to determine the impact of the change shall be the responsibility of Grantee. Modifications of provisions of this Agreement shall only be valid when they have been reduced to writing and duly signed and dated by all Parties.

  • ADJUSTMENT OF DISPUTES 37.01 (1) The Employer and the Union recognize that grievances may arise in each of the following circumstances:

  • Disputed Xxxx 2.9.1 If the Buying Entity does not dispute a Monthly Xxxx raised by the other Party within fifteen (15) days of receiving such Xxxx shall be taken as conclusive and binding.

  • Disagreement If the Parties reasonably and in good faith disagree as to whether there has been a material breach, the Party that seeks to dispute that there has been a material breach may contest the allegation in accordance with Section 13.1. The cure period for any allegation made in good faith as to a material breach under this Agreement will, subject to Sections 12.3.1 and 13.2, run from the date that written notice was first provided to the Breaching Party by the Non-Breaching Party.

  • Final Determination His/her determination is final unless, within ten (10) days after notification, a recognized employee organization requests in writing to meet and confer thereon.

  • Modification or Renegotiation This agreement may be modified only by written agreement signed by the parties hereto. The parties agree to renegotiate the agreement if federal and/or state revisions of any applicable laws or regulations make changes in this agreement necessary.

  • Disagreement on Decision Should the parties disagree as to the meaning of the Board's decision, either party may apply to the Chairperson of the Board of Arbitration to reconvene the Board to clarify the decision, which it shall do within five (5) days.

  • Settlement of Investment Disputes between a Contracting Party and an Investor of the other Contracting Party

  • Dispute Notice If there is a dispute between the parties, then either party may give a notice to the other succinctly setting out the details of the dispute and stating that it is a dispute notice given under this clause 17.1.

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