Common use of Termination for Change in Law Clause in Contracts

Termination for Change in Law. If as a result of any change of law after the date of this Agreement NFPAS will suffer or incur additional costs or expenses in respect of the performance of this Agreement, or the performance of this Agreement will otherwise be rendered materially different than as at the date of this Agreement, NFPAS may notify the Principal of a proposed revision to the Contract Fee (the "Revised Contract Fee") and shall provide details of such additional costs or expenses or the materially different performance (as appropriate) and any steps taken by NFPAS to mitigate any such additional costs and expenses. The Principal shall notify NFPAS within 10 Banking Days of such notification whether or not it agrees to the Revised Contract Fee. If the Principal agrees to the Revised Contract Fee, the Revised Contract Fee shall replace the Contract Fee from the date that the relevant change takes effect (or such other date agreed between the parties), applying pro-rata to the remaining part of the current Contract Year (if appropriate). If the Principal does not agree to such Revised Contract Fee this Agreement will continue unamended in relation to the same and either party may terminate this Agreement on giving the other party 28 days’ notice.

Termination for Change in Law. If as a result of any change of law after the date of this Agreement NFPAS will suffer or incur additional costs or expenses in respect of the performance of this Agreement, or the performance of this Agreement will otherwise be rendered materially different than as at the date of this Agreement, NFPAS may notify the Principal of a proposed revision to the Contract Fee (the "Revised Contract Fee") and shall provide details of such additional costs or expenses expenses, or the materially different performance (as appropriate) and any steps taken by NFPAS to mitigate any such additional costs and expenses. The Principal shall notify NFPAS within 10 Banking Days of such notification whether or not it agrees to the Revised Contract Fee. If the Principal agrees to the Revised Contract Fee, the Revised Contract Fee shall replace the Contract Fee from the date that the relevant change takes effect (or such other date agreed between the parties), applying pro-rata to the remaining part of the current Contract Year (if appropriate). If the Principal does not agree to such Revised Contract Fee this Agreement will continue unamended in relation to the same and either party may terminate this Agreement on giving the other party 28 days’ notice.

Termination for Change in Law. If as a result of any change of law after the date of this Agreement NFPAS will suffer or incur additional costs or expenses in respect of the performance of this Agreement, or the performance of this Agreement will otherwise be rendered materially different than as at the date of this Agreement, NFPAS may notify the Principal of a proposed revision to the Contract Fee (the "Revised Contract Fee") and shall provide details of such additional costs or expenses or the materially different performance (as appropriate) and any steps taken by NFPAS to mitigate any such additional costs and expenses. The Principal shall notify NFPAS within 10 Banking Days of such notification whether or not it agrees to the Revised Contract Fee. If the Principal agrees to the Revised Contract Fee, the Revised Contract Fee shall replace the Contract Fee from the date that the relevant change takes effect (or such other date agreed between the parties), applying pro-pro- rata to the remaining part of the current Contract Year (if appropriate). If the Principal does not agree to such Revised Contract Fee this Agreement will continue unamended in relation to the same and either party may terminate this Agreement on giving the other party 28 days’ notice.