Fundamental Change in Law definition

Fundamental Change in Law means any Change in Law that is not a Qualifying Change of Law and that:
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Fundamental Change in Law means any Change in Law that: (a) renders unenforceable, illegal, invalid or void any material right or material obligation of the Concessionaire under this Concession Agreement; or (b) renders a material part of this Agreement invalid, illegal or unenforceable; or (c) results in the Concessionaire being deprived of the whole or a substantial part of the benefit of this Concession Agreement. Ganga 2016 Order has the meaning ascribed to it in Recital B. GoB means the Government of Bihar. GoI means the Government of India.
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Fundamental Change in Law means any Change in Law that: (a) renders unenforceable, illegal, invalid or void any material right or material obligation of the Project SPV under this Agreement; or (b) results in the Project SPV being deprived of the whole or a substantial part of the benefit of this Agreement.
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Examples of Fundamental Change in Law in a sentence

  • Only for the purpose of determination of the Termination Compensation payable by the Authority the occurrence of a Fundamental Change in Law shall be treated as an "Authority Event of Default".


More Definitions of Fundamental Change in Law

Fundamental Change in Law means any Change in Law that is not a Qualifying Change of Law and that: (ix) renders unenforceable, illegal, invalid or void any material right or material obligation of the Operator under this Agreement; or (x) results in the Operator being deprived of the whole or a substantial part of the benefit of this Agreement; or (xi) has a Material Adverse Effect on the Operator.
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Fundamental Change in Law means any change in Law that is not a qualifying change of Law and that: (a) renders unenforceable, illegal, invalid or void any material right or material obligation of the Concessionaire under this O&M Contract. (b) results in the Concessionaire being deprived of the whole or a substantial part of the benefit of this O&M Contract. (c) has a material adverse effect on the Concessionaire.
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Fundamental Change in Law means any Change in Law that is not a Qualifying Change of Law and that: (ix) renders unenforceable, illegal, invalid or void any material right or material obligation of the Operator under this Agreement; or (x) results in the Operator being deprived of the whole or a substantial part of the benefit of this Agreement; or (xi) has a Material Adverse Effect on the Operator.
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Related to Fundamental Change in Law

  • 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;

  • 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 or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority.

  • Exempted Fundamental Change means any Fundamental Change with respect to which, in accordance with Section 4.02(I), the Company does not offer to repurchase any Notes.

  • Fundamental Change shall be deemed to have occurred at the time after the Notes are originally issued if any of the following occurs:

  • 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:

  • Make-Whole Fundamental Change means any transaction or event that constitutes a Fundamental Change (as defined above and determined after giving effect to any exceptions to or exclusions from such definition, but without regard to the proviso in clause (b) of the definition thereof).

  • Change of Control Transaction means the occurrence after the date hereof of any of (a) an acquisition after the date hereof by an individual or legal entity or “group” (as described in Rule 13d-5(b)(1) promulgated under the Exchange Act) of effective control (whether through legal or beneficial ownership of capital stock of the Company, by contract or otherwise) of in excess of 33% of the voting securities of the Company (other than by means of conversion or exercise of the Debentures and the Securities issued together with the Debentures), (b) the Company merges into or consolidates with any other Person, or any Person merges into or consolidates with the Company and, after giving effect to such transaction, the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the Company or the successor entity of such transaction, (c) the Company sells or transfers all or substantially all of its assets to another Person and the stockholders of the Company immediately prior to such transaction own less than 66% of the aggregate voting power of the acquiring entity immediately after the transaction, (d) a replacement at one time or within a three year period of more than one-half of the members of the Board of Directors which is not approved by a majority of those individuals who are members of the Board of Directors on the Original Issue Date (or by those individuals who are serving as members of the Board of Directors on any date whose nomination to the Board of Directors was approved by a majority of the members of the Board of Directors who are members on the date hereof), or (e) the execution by the Company of an agreement to which the Company is a party or by which it is bound, providing for any of the events set forth in clauses (a) through (d) above.

  • Corporate Event shall have the meaning specified in Section 14.01(b)(iii).

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Fundamental Change Repurchase Date shall have the meaning specified in Section 15.02(a).

  • Control Transaction means the acquisition by a person or group of the status of a controlling person.[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]

  • Change in Capitalization means any increase or reduction in the number of Shares, or any change (including, but not limited to, in the case of a spin-off, dividend or other distribution in respect of Shares, a change in value) in the Shares or exchange of Shares for a different number or kind of shares or other securities of the Company or another corporation, by reason of a reclassification, recapitalization, merger, consolidation, reorganization, spin-off, split-up, issuance of warrants or rights or debentures, stock dividend, stock split or reverse stock split, cash dividend, property dividend, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise.

  • Adjustment Event means each of the following events: