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 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 or entitlement under this Agreement. Ganga 2016 Order has the meaning ascribed to it in Recital B. 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

  • During the Term, and as requested by BIPCC, the Project Engineer shall provide its opinion and assessment on the implications of the events related to Emergency, Change in Law, Force Majeure, Fundamental Change in Law, Minor casualty, Total casualty, Variation and Unforeseen Site Conditions.

  • During the Term, and as requested by UTPCC, the Project Engineer shall provide its opinion and assessment on the implications of the events related to Emergency, Change in Law, Force Majeure, Fundamental Change in Law, Minor casualty, Total casualty, Variation and Unforeseen Site Conditions.

  • Appointed Joe DeMace as a Volunteer Marching Band Assistant for the 2021-22 school year, at no cost to the district.

  • The little goals stated in the kitchen slate are simple and require only very soft actions.

  • Other than in the event of a Qualifying Change in Law, a Fundamental Change in Law, a Force Majeure Event or an Emergency, which might have the effect of termination or extension, the Project SPV shall achieve the Project COD for the Project, in accordance with Clause 5.5, within four (4) Months of the Effective Date (Project SCOD).

  • If a Fundamental Change in Law occurs, then, the affected Party may notify the other Parties of the effects of such Fundamental Change in Law on the validity and enforceability of this Agreement or on the rights of the Concessionaire under this Agreement; and any Party may propose amendments to the Concession Agreement, which would make the Concession Agreement compliant with Applicable Laws, while enabling the Parties to achieve their commercial objectives.

  • Direct Political Force Majeure Events occurrence of a Fundamental Change in Law in accordance with Article 13.2(i); compulsory acquisition in national interest or expropriation of the Site; and any order, notification or judgement issued or passed by any Government Authority which restricts the Concessionaire from constructing or operating the Facilities as contemplated in this Agreement on the Site, unless such restriction is, in any manner, attributable to the Concessionaire.

  • During the Term, and as requested by JTETA, the Project Engineer shall provide its opinion and assessment on the implications of the events related to Emergency, Change in Law, Force Majeure, Fundamental Change in Law, Minor casualty, Total casualty, Variation and Unforeseen Site Conditions.

  • Some concerns that the developer had was that the dependency to VMware still exist, since a Vmware virtual image was used for recreating the environment.

  • BE IT FURTHER ORDAINED all other sections of Chapter 140 shall remain in full force and effect.


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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Related to Fundamental Change in Law

  • 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;

  • 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, 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.

  • Terminating Capital Transaction means any sale or other disposition of all or substantially all of the assets of the Partnership or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of the assets of the Partnership.

  • Adjustment Event means each of the following events: