Change in Law Event definition

Change in Law Event means the occurrence of a Change in Law that necessitates the expenditure, commitment or obligation of or for Compliance Costs.

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Change in Law Event means the occurrence of a Change in Law that necessitates the expenditure of Compliance Costs.

Change in Law Event means the occurrence of any change in law, directive, rule, regulation and/or legislation or any interpretation by a regulator of Applicable Laws or any directive or instruction issued by a regulator (irrespective of whether such event occurred prior to the Issue Date or thereafter) which results (or will in the future result) in the Sub-Series of Notes not, or no longer, being economically viable for the Issuer to have outstanding, in the sole discretion of the Issuer; and

Examples of Change in Law Event in a sentence

A Mandatory Redemption Event may occur upon the occurrence of any of an Asset Event, a Tax Redemption Event, a FATCA Tax Event, a Swap Event, an MTM Trigger Event, an Illegality Event, an Arranger Insolvency Event, an Asset Redenomination Event, an Asset Restructuring, a Settlement/Custodial Event, a Change in Law Event, a Euro Dissolution Event, a Regulatory Change Event, an AR Termination Election (in each case if applicable) and any other event specified as an applicable Mandatory Redemption Event.
If during the Term, Carrier becomes obligated solely as a result of a Change in Law Event to bear Compliance Costs, Carrier shall be entitled to seek recovery of the Compliance Costs in accordance with the terms hereof.
Any such adjustment may reduce the value of and return on your Securities; the amount you receive following an early redemption may be less than your initial investment and you could lose some or all of your investment.] • [Insert if Belgian Securities: Your Securities may be redeemed prior to maturity due to a Change in Law Event.
If and to the extent that Project Co incurs any additional expenses or costs in connection therewith, such expropriation shall be deemed to be an Eligible Change in Law Event.
Producer shall reimburse Buyer for Producer’s Proportionate Share of all Compliance Costs resulting from such Change in Law; provided that (i) Producer shall not be required to reimburse Buyer more than $250,000 for any single Change in Law Event and (ii) Producer shall not be required to reimburse Buyer pursuant to this Section 13.1 more than $1,000,000 in the aggregate during the Term.

More Definitions of Change in Law Event

Change in Law Event means the occurrence of a Change in Law that requires the expenditure of Compliance Costs by Carrier, irrespective of whether such Compliance Costs are to be incurred as a one- time expenditure or periodically for an extended period.

Change in Law Event means that, due to (A) the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law) on or after the Issue Date of the Notes; (B) the cumulative effect of more than one adoption of or change in any applicable law or regulation on or after the Issue Date of the Notes, or (C) the promulgation of or any change in the interpretation by any court, tribunal, government or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority) on or after the Issue Date of the Notes, the Issuer determines in good faith that it will incur a materially increased cost in performing its obligations under the Notes (including to maintain any Transaction Agreement).

Change in Law Event. - means, after the date of this Contract:

Change in Law Event means the occurrence of any change in law, directive, rule, regulation and/or legislation or any interpretation by a

Change in Law Event means a Change in Law (as defined in the Indenture) that negatively and materially affects the enforceability of the Security Documents with material impact on the Investors’ economic interest or the Investors’ right to receive amounts due under the Indenture and the Notes.

Change in Law Event means, with respect to a Party, the occurrence of an event or circumstance after the date of this Agreement (other than any action taken by such Party) which makes it unlawful under any Applicable Law for such Party to make or receive any payment or delivery required to be made or received by such Party under, or for such Party to comply with any other material provision of, this Agreement or any other Transaction Document. “Change of Control” shall be deemed to have occurred if Purchaser or any Person (including any Affiliate of Purchaser) with a credit rating materially equivalent to that of Purchaser as of the Original Effective Date shall fail to own the Refinery.