Common use of Termination for Certain Legal Changes Clause in Contracts

Termination for Certain Legal Changes. If either Party reasonably concludes that this Agreement cannot be performed without violating applicable Governmental Requirements, or if the application of such Governmental Requirements impose material, additional and reasonably unavoidable costs to be incurred by Xxxxxx Beaumont, the Parties will negotiate in good faith to modify this Agreement to the extent necessary to ensure that the Parties will be in full compliance with all applicable Governmental Requirements. If such modifications require material change in Xxxxxx Beaumont Services or Xxxxxx Xxxxxxxx’x cost of Xxxxxx Beaumont Services, or material change in Client’s obligations or Client’s costs of performing Client’s obligations, the Parties will negotiate in good faith to make any required change in the Charges specified in this Agreement. If the Parties cannot agree to any required changes, either Party may, by giving written notice to the other Party, terminate this Agreement as of a date specified in such notice. In addition, if any governmental authority or third party initiates any action asserting that actions by Parties under this Agreement violates any Governmental Requirements, either Party may, by giving written notice, terminate this Agreement as of a date specified in such notice.

Appears in 3 contracts

Samples: Services Agreement (Morgan Beaumont, Inc.), Services Agreement (Morgan Beaumont, Inc.), Services Agreement (Morgan Beaumont Inc)

AutoNDA by SimpleDocs

Termination for Certain Legal Changes. If either Party reasonably concludes that this Agreement cannot be performed without violating applicable Governmental Requirements, or if the application of such Governmental Requirements impose material, additional and reasonably unavoidable costs to be incurred by Xxxxxx Mxxxxx Beaumont, the Parties will negotiate in good faith to modify this Agreement to the extent necessary to ensure that the Parties will be in full compliance with all applicable Governmental Requirements. If such modifications require material change in Xxxxxx Mxxxxx Beaumont Services or Xxxxxx Xxxxxxxx’x Mxxxxx Xxxxxxxx'x cost of Xxxxxx performing Mxxxxx Beaumont Services, or material change in Client’s Distributor' obligations or Client’s Distributor' costs of performing Client’s Distributor' obligations, the Parties will negotiate in good faith to make any required change in the Charges specified in this Agreement. If the Parties cannot agree to any required changes, either Party may, by giving written notice to the other Party, terminate this Agreement as of a date specified in such notice. In addition, if any governmental authority or third party initiates any action asserting that actions by Parties under this Agreement violates any Governmental Requirements, either Party may, by giving written notice, terminate this Agreement as of a date specified in such notice.

Appears in 1 contract

Samples: Services Agreement (Morgan Beaumont, Inc.)

Termination for Certain Legal Changes. If either Party reasonably concludes that this Agreement cannot be performed without violating applicable Governmental Requirements, or if the application of such Governmental Requirements impose material, additional and reasonably unavoidable costs to be incurred by Xxxxxx Mxxxxx Beaumont, the Parties will negotiate in good faith to modify this Agreement to the extent necessary to ensure that the Parties will be in full compliance with all applicable Governmental Requirements. If such modifications require material change in Xxxxxx Mxxxxx Beaumont Services or Xxxxxx Mxxxxx Xxxxxxxx’x cost of Xxxxxx Mxxxxx Beaumont Services, or material change in Client’s obligations or Client’s costs of performing Client’s obligations, the Parties will negotiate in good faith to make any required change in the Charges specified in this Agreement. If the Parties cannot agree to any required changes, either Party may, by giving written notice to the other Party, terminate this Agreement as of a date specified in such notice. In addition, if any governmental authority or third party initiates any action asserting that actions by Parties under this Agreement violates any Governmental Requirements, either Party may, by giving written notice, terminate this Agreement as of a date specified in such notice.

Appears in 1 contract

Samples: Services Agreement (Morgan Beaumont, Inc.)

Termination for Certain Legal Changes. If either Party reasonably concludes that this Agreement cannot be performed without violating applicable Governmental Doc1.Rev2 Xxxxxx Beaumont. Inc. Confidential & Proprietary Requirements, or if the application of such Governmental Requirements impose material, additional and reasonably unavoidable costs to be incurred by Xxxxxx Beaumonteither Party, the Parties will negotiate in good faith to modify this Agreement to the extent necessary to ensure that the Parties will be in full compliance with all applicable Governmental Requirements. If such modifications require material change in Xxxxxx Beaumont Services or Xxxxxx Xxxxxxxx’x cost of Xxxxxx Beaumont Services, or material change in Client’s obligations or Client’s costs of performing Client’s obligations, the Parties will negotiate in good faith to make any required change in the Charges specified in this Agreement. If the Parties cannot agree to any required changes, either Party may, by giving written notice to the other Party, terminate this Agreement as of a date specified in such notice. In addition, if any governmental authority or third party initiates any action asserting that actions by Parties under this Agreement violates any Governmental Requirements, either Party may, by giving written notice, terminate this Agreement as of a date specified in such notice.

Appears in 1 contract

Samples: Services Agreement (Morgan Beaumont, Inc.)

AutoNDA by SimpleDocs

Termination for Certain Legal Changes. If either Party reasonably concludes that this Agreement cannot be performed without violating applicable Governmental Requirements, or if the application of such Governmental Requirements impose material, additional and reasonably unavoidable costs to be incurred by Xxxxxx BeaumontMBI or Competisys, the Parties will negotiate in good faith to modify this Agreement to the extent necessary to ensure that the Parties will be in full compliance with all applicable Governmental Requirements. If such modifications require material change in Xxxxxx Beaumont MBI Services or Xxxxxx Xxxxxxxx’x MBI’s cost of Xxxxxx Beaumont MBI Services, or material change in ClientCompetisys’s obligations or ClientCompetisys’s costs of performing ClientCompetisys’s obligations, the Parties will negotiate in good faith to make any required change in the Charges specified in this Agreement. If the Parties cannot agree to any required changes, either Party may, by giving written notice to the other Party, terminate this Agreement as of a date specified in such notice. , provided that the notice periiod allows reasonable time for winding down of the activities of the Parties hereunder.. In addition, if any governmental authority or third party initiates any action asserting that actions by Parties under this Agreement violates any Governmental Requirements, either Party may, by giving written notice, terminate this Agreement as of a date specified in such notice.

Appears in 1 contract

Samples: Financial Services Agreement (Morgan Beaumont, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.