Change in Law Costs definition

Change in Law Costs means the increased annual operating and capital costs and expenses (but shall not include decreases in revenues) actually paid or incurred by SEMASS and/or an Affiliate, including establishment of adequate reserves required to meet obligations due from any and all Change in Law and the reasonable fees and expenses of legal counsel and consultants retained in connection with the evaluation, challenge, mitigation, response and/or compliance with a Change in Law and/or resulting from such Change in Law during such period. A Change in Law Cost shall not include: (i) any taxes payable by SEMASS and/or its Affiliates, their agents, representatives, employees, and contractors on net income or net profits, including capital gains, generally applicable to all corporations, partnerships, limited liability companies or individuals or (ii) any fee, fine, penalty or assessment resulting from any willful or negligent action, error, omission or lack of reasonable diligence of any Party asserting “Change in Law Costs”.
Sample 1Sample 2
Change in Law Costs means the actual and verifiable change (whether on a one-time or cumulative basis) in the Affected Party’s operating costs under this Agreement that results from a Change in Law, excluding costs of any applicable greenhouse gas emissions credits or offsets (which are subject to the provisions of Section 13.5(3)); provided, however, that “Change in Law Costs” will not include any costs or expenses caused by or resulting from any failure by the Affected Party to comply, or delay by the Affected Party in complying, with any Law. “Change in Law Costs” include any additional amounts of federal, state or local Taxes that the Affected Party is required to pay as a result of reimbursement by the other Party of any Change in Law Costs under or pursuant to this Agreement.
Sample 1
Change in Law Costs means any Capital Expenditure incurred or to be incurred by the Borrower pursuant to clause 52 of the Project Agreement as a result of a General Change in Law;
Sample 1

Examples of Change in Law Costs in a sentence

  • If, the aggregate Unit Change in Law Cost(s) (as such Unit Change in Law Cost(s) may, in absence of actual values, may be reasonably estimated) for any Billing Month during the Term is equal to or exceeds the Maximum Change in Law Cost, then the Company may, following the Change in Law that would result in an amount equal to or exceeding such Maximum Change in Law Cost, terminate this Agreement with respect to the Company by one hundred eighty (180) days prior notice to the Jurisdictions.

  • Subject to Sections 4.5 and 10.6(a), the Jurisdictions shall pay to the Company in each Billing Month, as part of the Acceptance Fee, an amount (the “Change in Law Charge”) that is equal to the product of (i) the sum of the Unit Change in Law Cost(s) for the pertinent Billing Month, multiplied by (ii) the number of Tons of Acceptable Waste delivered by or on behalf of the Jurisdictions and accepted at the Facility or at an Alternate Facility in such Billing Month.

  • If such Change in Law is subsequently eliminated or reduced, the City’s Change in Law Costs shall be correspondingly eliminated or reduced.

  • If within thirty (30) days following the allowance of or agreement upon any claim for material Change in Law Costs or Savings, the Parties are unable to agree on the adjustment of the Contract Price, the Dispute may be referred to Arbitration in accordance with the provisions of Clause 50.2 of the Contract.

  • Such Party may from time to time deliver to the other Party additional Notices with respect to any Change in Law, provided that any such additional Notice shall be given not later than one (1) year after the Party giving such Notice knew of or should have known of such additional Change in Law Costs or realisation of such additional Savings resulting from the occurrence of the Change in Law.

  • Such notice shall describe, in reasonable detail, the amount of the surcharge, the term of the surcharge and the Facility Change in Law Costs for which the surcharge is being made (including identification of each applicable Change in Law).

  • The disposal fees due hereunder shall include a provisional surcharge from time to time as provided below for actual and projected Facility Change in Law Costs incurred during the Delivery Term.

  • Particularly at the monitoring point of Luong Ngoc Quyen street (intersection with Mang Ca street) the measured value of TSP is 415.2 µg/m3, and the measured value exceeds the allowable limit of QCVN 05:2013/BTNMT (1h) ) (TSP: 300 g/m3).

  • In the event the Change in Law Costs, as computed in accordance with the provisions of this Section, shall exceed the maximum amount permissible by law, the amount of the Change in Law Costs shall be reduced to such maximum permissible amount.

  • The Change in Law Rate for each Operating Year shall be determined by dividing the Change in Law Costs for that Operating Year by the number of Tons of Waste that the Company accepts during such Operating Year (See example below for further detail).


More Definitions of Change in Law Costs

Change in Law Costs means any costs or expenses incurred by AP to install additional equipment, make capital investments, perform tests or studies, take any other additional action or incur costs with respect to the SMR Facilities (or any portion thereof), or the manufacture of Products from the SMR Facilities (or any portion thereof), to comply with any applicable Law that comes into effect after the Effective Date, including any applicable Law that comes into effect after the Effective Date that is related to Taxes imposed on the manufacture, transportation or delivery of Products or the restriction, limitation or management of so-called “greenhouse gases”, which include carbon dioxide, methane, nitrous oxide, ozone, chlorofluorocarbons, hydrochlorofluorocarbons, hydrofluorocarbons, perfluorocarbons and sulfur hexafluoride; provided, that for the avoidance of any doubt, “Change in Law Costs” shall be without duplication of any costs or expenses which AP actually passes through to any Provider under the Supply Agreements.
Sample 1
Change in Law Costs means any increase in the cost of financing, construction, modifying, operating or maintaining the Facility or the Site, or the disposal of Residue, FEPR or By-Pass Waste related solely to a Change in Law, which on a cumulative basis exceeds $100,000, provided that if any such increase in cost results solely from a change in the design, fuel mix, or operating criteria of the Facility which is not mandated by law and which is initiated by the COMPANY subsequent to the execution of this Agreement, such Change in Law cost shall be disregarded for purposes of this Article. See Schedule C pertaining to Tipping Fee calculation as to how Change-in-Law costs will be paid.
Sample 1
Change in Law Costs means, the increased annual operating and capital costs and expenses (but shall not include decreases in revenues) actually paid or incurred by NBWS, including establishment of
Sample 1

Related to Change in Law Costs

  • Change in Law means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued.

  • Specific Change in Law means a Change in Law that relates specifically to the business of the Authority and which would not affect a Comparable Supply;

  • General Change in Law means a Change in Law where the change is of a general legislative nature (including taxation or duties of any sort affecting the Supplier) or which affects or relates to a Comparable Supply;

  • Regulatory Change means, with respect to any Lender, any change after the date hereof in Federal, state or foreign law or regulations (including, without limitation, Regulation D) or the adoption or making after such date of any interpretation, directive or request applying to a class of banks including such Lender of or under any Federal, state or foreign law or regulations (whether or not having the force of law and whether or not failure to comply therewith would be unlawful) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Reasonable and Customary Charges means expenses which:

  • Tax Law Change means a change in or proposed change in, or amendment or proposed amendment to, the laws or regulations of the United Kingdom or any political subdivision or any authority thereof or therein having the power to tax, including any treaty to which the United Kingdom is a party, or any change in the application of official or generally published interpretation of such laws or regulations, including a decision of any court or tribunal, or any interpretation or pronouncement by any relevant tax authority that provides for a position with respect to such laws or regulations or interpretation thereof that differs from the previously generally accepted position in relation to similar transactions, which change or amendment becomes, or would become, effective on or after the Issue Date;

  • Hedging Costs means the hedging costs between the reference currency of the Unit class and the base currency of the Sub-fund, corresponding to the difference (in percentage terms), on each Valuation Date, between (i) the price of the 3-month maturity exchange rate between the reference currency of the Unit class and the base currency of the Sub-fund, and (ii) the spot rate of the same exchange rate.