Material Change in Law definition

Material Change in Law means a change of any Applicable Law (including in the conditions of any Permit) after the Effective Date that renders the implementation of or the realization of the benefits to be derived from this Agreement illegal or impossible.
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Material Change in Law means a Change in Law (a) enacted after the date this Agreement is fully executed and delivered and (b) which increases or decreases Georgia Power's costs of owning or operating the Units by [redacted]. The annual cost of capital expenditures required by a Change in Law shall be calculated on a reasonable basis taking into account the useful life of the equipment or improvements required to be procured which may extend beyond the Term.
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Material Change in Law means any adoption, promulgation, repeal or modification after the Effective Date of any laws, regulations, statutory instruments within Hashemite Kingdom of Jordan and/or any part of the Applicable Law that may adversely affect the rights and obligations of Parties under this Agreement.
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Examples of Material Change in Law in a sentence

  • An important aspect in the safety of level crossings is providing, in so far as specific locations and types of crossing permit, arrangements, which provide a consistent appearance to the users of any level crossing.

  • If a Material Change in Law occurs TOWN and CONTRACTOR shall negotiate in good faith a after the date hereof, then reasonable and appropriate 1198 adjustment to Service Recipient Rates sufficient to offset CONTRACTOR’s increased 1199 allowable costs of operation or reduced Gross Revenue resulting from the Material Change 1200 in Law.

  • The Parties shall then discuss in good faith how to mitigate the effects of the Material Change in Law such that the Gold Standard and Project Participant may continue with the transaction under this Agreement, always tasking into consideration the principles of the Gold Standard certification scheme.

  • If either the Gold Standard or Project Participant believes a Material Change in Law has occurred, or both Parties agree that such is imminent, it shall as soon as reasonably practicable after becoming aware of same, notify the other Party.

  • In the event of a Material Change in 2941 Law, CONTRACTOR shall provide TOWN with a written rate increase request for additional 2942 compensation to CONTRACTOR arising from the Material Change in Law.

  • Any adjustment in rates due to a Material Change in Law shall be approved by the DISTRICT and memorialized in a written amendment to thisAgreement.

  • Any changes to documents contained in Exhibit E or any other exhibit to this Agreement should not be considered a Material Change in Law.

  • If the parties, within 40 Working Days of the receipt of such notice, have not agreed the occurrence or the impact of the Material Change in Law, then either part may refer the matter to dispute resolution in accordance with Clause 13.

  • Upon becoming aware of a Material Change in Law that impacts its rights or obligations, the MTA shall timely notify the Concessionaire, and provide such additional details as are necessary, in the MTA’s reasonable judgment, to inform the Concessionaire of such Material Change in Law and its impact (or projected impact) on the MTA’s performance (each an “MTA Change-in-Law Report”).

  • For the avoidance of doubt and without limitation, irrespective of when enacted in relation to the date hereof, the Parties expressly recognize and acknowledge that the Advanced Clean Fleets (ACF) regulation, and other enacted laws, all intended to contribute to the goals of Governor’s Executive Order N-79-20, constitutes a Material Change in Law that justifies DISTRICT and CONTRACTOR engaging in the negotiation described in Section 4.03 as to an adjustment in the Maximum Service Rates.


More Definitions of Material Change in Law

Material Change in Law means a change in law relevant to this Agreement (including, without limitation, a change in any permit, consent, approval, registration, or revocation thereof, applicable to a Party) that (i) renders this Agreement illegal or unenforceable; or (ii) results in either the PURCHASER or PROJECT MANAGER becoming unable to legally perform any of its material obligations under this Agreement, or (iii) causes the UNFCCC or Kyoto Protocol to reject the OFFSETS created in relation to the GHG reductions generated by the Project as capable for use and transfer in the UNFCCC / Kyoto Protocol system. If either the PROJECT MANAGER or PURCHASER believes a Material Change in Law has occurred, or both Parties agree that such is imminent, it shall as soon as reasonably practicable after becoming aware of same, notify the other Party. The Parties shall then discuss in good faith how to mitigate the effects of the Material Change in Law such that the PROJECT MANAGER and PURCHASER may continue with the transaction under this Agreement, always taking into consideration the principles of the REGISTRY PROTOCOLS and verification guidelines. Any such discussion shall in no way prejudice, terminate or otherwise affect any rights or remedies which the PROJECT MANAGER may have pursuant to this Agreement. Applicable Law This Agreement is governed by and to be construed in accordance with the laws of the State of Washington and the United States of America.
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Material Change in Law means a change in law relevant to this Agreement (including, without limitation, a change in, or discontinuance of the UNFCCC or the Kyoto Protocol, or any permit, consent, approval, registration, or revocation thereof, applicable to a Party) that (i) renders this Agreement illegal or unenforceable; or (ii) results in either the Gold Standard or Project Proponent becoming unable to legally perform any of its material obligations under this Agreement, or (iii) causes the UNFCCC or Kyoto Protocol to reject the CERs created in relation to the GHG reductions generated by the Project as capable for use and transfer in the UNFCCC / Kyoto Protocol system. If either the Gold Standard or Project Proponent believes a Material Change in Law has occurred, or both Parties agree that such is imminent, it shall as soon as reasonably practicable after becoming aware of same, notify the other Party. The Parties shall then discuss in good faith how to mitigate the effects of the Material Change in Law such that the Gold Standard and Project Proponent may continue with the transaction under this Agreement, always tasking into consideration the principles of the Gold Standard certification scheme. Any such discussion shall in no way prejudice, terminate or otherwise affect any rights or remedies which the Gold Standard may have pursuant to this Agreement.
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Material Change in Law means a change of any applicable Law or in the conditions of any Permit after the Effective Date that renders the implementation of or the realization of the benefits to be derived from this Agreement illegal or impossible.
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Material Change in Law means a Change in Law proposals for which are “Mini Tender” a tender submitted by an Eligible Provider under the
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Material Change in Law means any adoption, promulgation, repeal or modification after the Effective Date of any laws, including for the avoidance of doubt tax law, regulations, statutory instruments within the Hashemite Kingdom of Jordan and/or any part of the Applicable Law that subsequently affects either adversely or positively the costs of the Management Contractor in excess of the sum of 50,000 JOD;
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Related to Material 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;

  • 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.

  • 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 apply expressly to:

  • 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.

  • Material Change in Formula means the occurrence since the Launch Date of a material change in the formula for, or the method of, calculating the Reference Price.

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

  • Regulatory Change means, with respect to any Lender, any change after the date hereof in Federal, state or foreign law or regulations (including, without limitation, Regulation D) or the adoption or making after such date of any interpretation, directive or request applying to a class of banks including such Lender of or under any Federal, state or foreign law or regulations (whether or not having the force of law and whether or not failure to comply therewith would be unlawful) by any court or governmental or monetary authority charged with the interpretation or administration thereof.

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

  • Material Change in Content means the occurrence since the Launch Date of a material change in the content, composition or constitution of the Futures Contract or the Commodity.

  • Material Change means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs afler you make an investment commitment but before the ORering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

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

  • Change of Law shall have the meaning set forth in Section 8.02.

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

  • Change in Management will occur if more than 50% of the Leadership Team is terminated and/or resigns within 12 months after the date of the occurrence of a Change of Control; provided, in each case, that termination and/or resignation of such officer will not include (i) a change in such officer’s status in the ordinary course of succession so long as such officer remains affiliated with the Manager or its Subsidiaries as an officer or director, or in a similar capacity, (ii) retirement of any officer or (iii) death or incapacitation of any officer.

  • Change is defined in Section 3.2.

  • Relevant Potential Change of Control Announcement means any public announcement or statement by the Issuer, any actual or potential bidder or any adviser acting on behalf of any actual or potential bidder relating to any potential Change of Control where within 180 days following the date of such announcement or statement, a Change of Control occurs.

  • Extraordinary Circumstances means floods, snow, ice storms, tornadoes, earthquakes, or other

  • Potential Change of Control Announcement means any public announcement or statement by the Issuer or by any actual or potential bidder or any designated adviser thereto relating to any specific or any near-term potential Change of Control (whereby "near-term" shall mean that such potential Change of Control is reasonably likely to occur, or is publicly stated by the Issuer or by any such actual or potential bidder or any such designated adviser to be intended to occur, within four months of the date of such announcement or statement).

  • Change in Circumstance means any significant change to you, including but not limited to:

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

  • Potential Change of Control means any public announcement or statement by the Issuer, or by any actual or potential bidder(s) relating to any potential Change of Control of the Issuer.

  • Circumstance means an incident, fact, occurrence, matter, act or omission that may give rise to a Claim in the context of civil liability;

  • 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 Event means, following the occurrence of a Change in Law (as defined below) with respect to the Issuer and/or Société Générale as Guarantor or in any other capacity (including without limitation as hedging counterparty of the Issuer, market maker of the Certificates or direct or indirect shareholder or sponsor of the Issuer) or any of its affiliates involved in the issuer of the Certificates (hereafter the “Relevant Affiliates” and each of the Issuer, Société Générale and the Relevant Affiliates, a “Relevant Entity”) that, after the Certificates have been issued, (i) any Relevant Entity would incur a materially increased (as compared with circumstances existing prior to such event) amount of tax, duty, liability, penalty, expense, fee, cost or regulatory capital charge however defined or collateral requirements for performing its obligations under the Certificates or hedging the Issuer’s obligations under the Certificates, including, without limitation, due to clearing requirements of, or the absence of, clearing of the transactions entered into in connection with the issue of, or hedging the Issuer’s obligation under, the Certificates, (ii) it is or will become for any Relevant Entity impracticable, impossible (in each case, after using commercially reasonable efforts), unlawful, illegal or otherwise prohibited or contrary, in whole or in part, under any law, regulation, rule, judgement, order or directive of any governmental, administrative or judicial authority, or power, applicable to such Relevant Entity (a) to hold, acquire, issue, reissue, substitute, maintain, settle, or as the case may be, guarantee, the Certificates, (b) to acquire, hold, sponsor or dispose of any asset(s) (or any interest thereof) of any other transaction(s) such Relevant Entity may use in connection with the issue of the Certificates or to hedge the Issuer’s obligations under the Certificates,(c) to perform obligations in connection with, the Certificates or any contractual arrangement entered into between the Issuer and Société Générale or any Relevant Affiliate (including without limitation to hedge the Issuer’s obligations under the Certificates) or (d) to hold, acquire, maintain, increase, substitute or redeem all or a substantial part of its direct or indirect shareholding in the Issuer’s capital or the capital of any Relevant Affiliate or to directly or indirectly sponsor the Issuer or any Relevant Affiliate, or (iii) there is or may be a material adverse effect on a Relevant Entity in connection with the issue of the Certificates.

  • 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.