Discriminatory Change in Law definition

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:

Discriminatory Change in Law means a Change in Law, the terms of which apply expressly to:

Discriminatory Change in Law. “Eligibility Criteria”, “Foreseeable Change in Law”, “Generation Tax Liability”, “QCiL Capital Costs”, “QCiL Capital Savings”, “QCiL Construction Event”, “QCiL Construction Event Costs”, “QCiL Operations Cessation Event”, “Qualifying Shutdown Event”, “Required Authorisation” and “Specific Change in Law”;

Examples of Discriminatory Change in Law in a sentence

• A QCIL is a Discriminatory Change in Law, a Specific Change in Law, a Specific Tax Change in Law, an Other Change in Law, or a Change in Regulatory Basis, in each case which is not foreseeable.

• A Discriminatory Change in Law is 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 the project, the generation facility or NNBG, but not otherwise.

• Notwithstanding anything contained in this definition, a Discriminatory Change in Nauruan Law does not include a Change in Nauruan Law which is necessary for the State to fulfil its Sponsorship Obligations.’14 Clause 75 defines very broadly the notion of Discriminatory Change in Law, extending it ‘without limitation’ to ‘changes in Nauruan Laws resulting in materially adverse increase in NORI’s tax burden’.

• Qualifying Change in Law means: (a) a Discriminatory Change in Law; or (b) a General Change in Law which involves Capital Expenditure, which, in each case, was not foreseeable at the Final Proposal Date.Qualifying Refinancing means any Refinancing that will give rise to a Refinancing Gain greater than zero that is not an Exempt Refinancing.

• For avoidance of doubt, none of the following shall be a Discriminatory Change in Law: (i) the development, redevelopment, construction, maintenance, modification or change in the operation of any existing or new mode of transportation that results in the reduction of Gross Revenues or in the number of vehicles using the Project, (ii) any changes in Taxes of general application; or (iii) a Tax Imposition.

More Definitions of Discriminatory Change in Law

Discriminatory Change in Law means any Change in Law during the Term which is principally directed at and the effect of which is principally borne by Developer or private toll road operators in the State, except where such change (a) is in response, in whole or in part, to any failure to perform or breach of the CDA Documents, violation of applicable Law or Governmental Approval, culpable act or culpable omission on the part of any Developer-Related Entity, (b) is a directive by the U.S. Department of Homeland Security or comparable State agency, unless such directive is directed solely at or solely affects the Project and requires specific changes in Developer’s normal design, construction, operation or maintenance procedures in order to comply, or (c) is otherwise expressly permitted under the CDA Documents.

Discriminatory Change in Law means any Change in Law the effect of which is to discriminate directly against or impose additional Taxes which apply specifically to:

Discriminatory Change in Law a Change in Law, the terms of which apply expressly to:-

Discriminatory Change in Law means a Change in Law, the terms of which apply expressly to: the Project and not to similar projects; the Concessionaire and not to other persons; and/or companies engaged in projects similar to the Project and not to other persons.

Discriminatory Change in Law means a Change in Law, the terms of which will apply

Discriminatory Change in Law. Eligibility Criteria", "Foreseeable Change in Law", "Generation Tax Liability", "Partial Curtailment", "QCiL Capital Costs", "QCiL Capital Savings", "QCiL Construction Event", "QCiL Construction Event Costs", "QCiL Operations Cessation Event", "Qualifying Curtailment", "Qualifying Partial Curtailment", 3 Drafting note: Drafting in the preceding set of square brackets is to be used for all Facility Generation Technologies other than Offshore Wind (including in this exclusion Floating Offshore Wind).

Discriminatory Change in Law means a Change in Law that is discriminatorily targeted at Project Co and/or the Project and which could reasonably be expected to have an adverse impact on Project Co, the Project, the Airport Operations, or the users of the Airport. Notwithstanding the foregoing, any such Change in Law shall not be a Discriminatory Change in Law: