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”.
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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.
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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.
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Examples of Change in Law Costs in a sentence

  • 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.

  • 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 good faith determination by the Bank of the amount of any such loss, expense, penalty or other charge ("Change in Law Costs") shall be deemed conclusive in the absence of manifest error.


More Definitions of Change in Law Costs

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;
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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
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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;

  • Discriminatory Change in Law means a Change in Law the terms of which specifically (and not merely indirectly or consequentially or by virtue of the disproportionate effect of any Change in Law that is of general application) apply to:

  • 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;

  • e 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 Dodd-Frank Wall 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.

  • Parent-in-law means a parent of the spouse of an employee.

  • Regulatory Change means, with respect to Bank, any change on or after the date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including Bank, of or under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

  • Increased Costs of Hedging means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to

  • Capital Adequacy Requirement shall have the meaning given to that term in Section 2.11(d).

  • Capital Adequacy Rule means any law, rule, regulation, guideline, directive, requirement or request regarding capital adequacy, or the interpretation or administration thereof by any governmental or regulatory authority, central bank or comparable agency, whether or not having the force of law, that applies to any Related Lender. Such rules include rules requiring financial institutions to maintain total capital in amounts based upon percentages of outstanding loans, binding loan commitments and letters of credit.

  • Capital Adequacy Regulation means any guideline, request or directive of any central bank or other Governmental Authority, or any other law, rule or regulation, whether or not having the force of law, in each case, regarding capital adequacy of any bank or of any corporation controlling a bank.

  • Regulatory Costs are, collectively, future, supplemental, emergency or other changes in Reserve Percentages, assessment rates imposed by the Federal Deposit Insurance Corporation, or similar requirements or costs imposed by any domestic or foreign Governmental Authority and related in any manner to a Fixed Rate.

  • Uncontrollable Circumstance means any event which:

  • 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.

  • Change in service means the designation of a new provider of a telecommunications service to a customer, including the initial selection of a service provider, and includes the addition or deletion of a telecommunications service for which a separate charge is made to a customer account.

  • Disciplinary change in placement means a suspension or removal from a student’s current educational placement that is either:

  • Increased-Cost Lenders as defined in Section 2.23.

  • Mandatory Costs means the percentage rate per annum calculated in accordance with Schedule 1.01(b).

  • Change in Use means altering the purpose of an existing room, within the facility, that requires structural changes.

  • Reasonable and Customary Charges means the charges for services or supplies, which are the standard charges for the specific provider and consistent with the prevailing charges in the geographical area for identical or similar services, taking into account the nature of the illness / injury involved.

  • 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;

  • Additional Costs has the meaning given that term in Section 4.1.

  • Change in 1940 Act Law shall have the meaning set forth in the definition of "Investment Company Event."

  • interest in land or “property” means land or improvements, or both, in the reserve and, without limitation, includes any interest in land or improvements, any occupation, possession or use of land or improvements, and any right to occupy, possess or use land or improvements;

  • Increased Cost Lender as defined in Section 2.23.

  • 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.