Termination Due to Regulations Sample Clauses

Termination Due to Regulations. If laws, rules, regulations or the acts of government or governmental agencies are issued or promulgated, which have the effect of precluding or limiting, temporarily, indefinitely or permanently the Services, or the performance of either party’s obligations under this Agreement, the provisions of this Agreement shall be deemed to be amended only to the extent necessary to conform to such laws, rules, regulations or acts, provided however, that if such laws, rules, regulations or acts would substantially and negatively change either Party’s rights or obligations under this Agreement, each Party shall have the right to terminate the Agreement upon ten (10) days written notice and without compensation. Notwithstanding the foregoing, the ARC shall not have the right to terminate this Agreement in the event of requirements of FDA or of other Regulatory Authorities in connection with the Approved Facility and/or New cGMP Standards, New cGTP Standards, or New cGCP Standards, in which event, the Parties shall follow the applicable terms and conditions of this Agreement relating thereto subject to an obligation on the part of the parties to renegotiate pricing provisions of this agreement if any changes in Regulations result in a material increase in ARC’s cost of complying with such Regulations in the provision of the Services under this Agreement.