Change in Applicable Law definition

Change in Applicable Law means, to the extent occurring after the Effective Date, (a) the enactment or promulgation of a new or modification of an existing provision of Applicable Law; or (b) a decision, order, decree, ruling or opinion of a Governmental Authority containing an interpretation of a provision of Applicable Law, but only to the extent that a party is advised by its counsel that such decision, order, decree, ruling or opinion is binding on or applicable to the Program, Bank or Company.

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Change in Applicable Law means If, after Effective Date of this Agreement, any law, regulation, ordinance, order or by-law having the force of law is enacted, promulgated, abrogated or amended (which shall be deemed to include any change in interpretation or application the competent authorities). Such changes will not invalidate the Agreement, but the impact of the changes will be settled on mutually agreed terms.

Change in Applicable Law means any amendment, modification, superseding act, deletion, addition or change in or to Applicable Law (including any change in interpretation of Applicable Law) that occurs, takes effect, is enacted or is issued after the Effective Date affecting Company, Owner, Subcontractor, the Project, the Project Site, the performance of the Work or other services to be performed under this Agreement; provided that any amendment, modification, superseding act, deletion, addition or change in or to Applicable Law (including any change in interpretation of Applicable Law) (a) which was passed by the applicable Government Authority on or prior to the Effective Date but not effective until after the Effective Date, (b) constituting a change in federal, state or local income tax law, (c) constituting a change in the requirements for obtaining or maintaining any Applicable Permit, and (d) any periodic revision of the monthly minimum wage shall not be deemed a Change in Applicable Law.

Examples of Change in Applicable Law in a sentence

• If, following such good faith negotiations, the Parties are unable to reform this Master Agreement, the affected Party may, at any time following the Change in Applicable Law, terminate this Master Agreement, provided, however, that such termination shall have no impact on any transaction occurring prior to the Change in Applicable Law.

• Each Party shall notify the other in writing of any event or circumstance that a Party reasonably and in good faith believes is a Change in Applicable Law (as defined herein), which shall include what the relevant Change in Applicable Law, how it impacts the Deliverables, and any requested Change Order.

• If, in the Buyer’s sole discretion, the Parties are unable to reform the Transactions as described above, Buyer may, at its sole option and at any time following the Change in Applicable Law, terminate the applicable Transactions without terminating the remainder of this Agreement and calculate a Termination Payment, which for the purposes of this Section only will be calculated as the amount of Quantity remaining to be delivered in the then-current Compliance Year, multiplied by [$175].

• No Change in Applicable Law that eliminates, reduces or otherwise modifies any obligations of a Buyer to obtain Renewable Energy Benefits to comply with Applicable Law shall, in any such case, modify the obligations of the Parties hereunder.

• Supplier shall comply with Customer’s written instructions as to any changes required to the Services or Supplier’s other obligations under the Agreement to the extent arising, referable or attributable to a Change in Applicable Law.

More Definitions of Change in Applicable Law

Change in Applicable Law means (i) any change, repeal, withdrawal, adoption or issuance of any statute, law, rule, regulation, ordinance, order, decision, decree, judgment, ruling or notice issued by any U.S. federal governmental authority that Kolltan and Spirogen agree, in good faith and after consultation with their tax advisors, either (A) requires a different characterization of the licenses granted pursuant to Section 2.1 than the characterization described in Sections 11.11(a)(i) and (ii), or (B) would cause any one or more of the payments referenced in Section 11.11(b) hereof to be subject to U.S. federal withholding tax under any provision of the Code (including Code Section 881(a)(4)), applicable Treasury regulation or relevant tax treaty; or (ii) a nationally recognized accounting firm acting as Kolltan’s auditor or a nationally recognized accounting firm acting as Kolltan’s U.S. federal income tax return preparer determines, in good faith and after consultation with Kolltan’s other tax advisors and good faith discussions with Spirogen, that either (A) a different characterization of the licenses granted pursuant to Section 2.1 than the characterization described in Sections 11.11(a)(i) and (ii) is required by applicable U.S. tax law, or (B) any one of more of the payments referenced in Section 11.11(b) hereof are subject to U.S. federal withholding tax under any provision of the Code (including Code Section 881(a)(4)), applicable Treasury regulation or relevant tax treaty.

Change in Applicable Law means the coming into effect, after Commencement Date, of:

Change in Applicable Law means (a) an amendment to the Code or the regulations promulgated thereunder, (b) the issuance of new regulations promulgated under the Code, (c) a written decision of the United States Supreme Court, United States Tax Court, any United States Circuit Court of Appeals, the Claims Court or the United States District Court in the District in which venue would lie under Title 28, Section 1402 of the United States Code for an action prosecuted by the Partnership or (d) a published Revenue Ruling of the Internal Revenue Service.

Change in Applicable Law means a change in or modification, amendment or restatement of, or a change in or modification, amendment or restatement of the interpretation by the applicable Governmental Authority of, the Applicable Law of the Ceding Company Domiciliary State.

Change in Applicable Law means, to the extent occurring after the Effective Date, (a) the enactment or promulgation of a new or modification of an

Change in Applicable Law means the occurrence of any of the following events on or after the Execution Date: (i) the entry into force or adoption of a law, decree, resolution or treaty; (ii) the change in the administration, interpretation and/or application of the foregoing by any Governmental Authority; (iii) the entry into force or mandatory adoption of requirements, guidance, resolutions or guidelines promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any of its successors) or any Governmental Authority of Colombia, Luxembourg and/or El Salvador, in connection with the Basel III Accords; (iv) any amendment to a law, decree, resolution or regulation, whether in interpretation or application thereof, by a Governmental Authority; or (v) the issuance of any requirement, circular, decision or directive (whether or not having the force of law) by a Governmental Authority.

Change in Applicable Law means a change which is specified in terms of its requirements and the date of commencement is intimated after the 5 March 2012. (For the avoidance of doubt a change where the change commences following the 5 March 2012 but is intimated before that date is not a Change in Applicable Law).