Regulatory Change Event definition

Regulatory Change Event means, in the sole and absolute discretion of the Calculation Agent, during the Evaluation Period: (i) the adoption of, change in or change in the interpretation or administration of, any law, rule or regulation after the Trade Date by any Governmental Authority; and/or (ii) the compliance by the Bank and/or any of its Affiliates with any request or directive of any Governmental Authority, which in any such case:

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Regulatory Change Event means (a) any enactment or establishment of, or supplement or amendment to, or change in any law, regulation, rule, policy or guideline of any relevant competent international, European or national body (including the ECB or the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) or any other relevant competent international, European or national regulatory or supervisory authority) or the application or official interpretation of, or view expressed by any such competent body with respect to, any such law, regulation, rule, policy or guideline which becomes effective on or after the Closing Date or (b) a notification by or other communication from the applicable regulatory or supervisory authority is received by the Seller with respect to the transactions contemplated by the Transaction Documents on or after the Closing Date which, in each case, in the reasonable opinion of the Seller, has the effect of materially adversely affecting the rate of return on capital of the Issuer and/or the Seller or materially increasing the cost or materially reducing the benefit to the Seller of the transactions contemplated by the Transaction Documents.

Regulatory Change Event means when one or more of the following events occurs:

Examples of Regulatory Change Event in a sentence

The Parties acknowledge that a Significant Change in YCWA operations under this Agreement may be required because of a Force Majeure Event or a Regulatory Change Event.
A Regulatory Change Event is defined as a new court order or regulatory action (including, but not limited to, a regulatory action under the federal Endangered Species Act or the California Endangered Species Act) that requires YCWA to make a Significant Change in YCWA’s operations of the Yuba Project.
If YCWA must make any Significant Change in the assumed operations parameters described in Exhibit 10 because of a Force Majeure Event or a Regulatory Change Event, then the River Management Team will work to try to develop an alternative consensus flow schedule.
A regulatory change in or regarding the Delta that is not specifically directed to YCWA, or that does not specifically require YCWA to make any Significant Change in YCWA’s operations of the Yuba Project, is not a Regulatory Change Event for the purposes of this Agreement.
In the event of a Force Majeure Event or a Regulatory Change Event that affects YCWA’s operations of the Yuba Project or YCWA’s ability to comply with section 5.1.1 or 5.1.3, the RMT will work to try to reach consensus, as needed, on an alternative flow schedule for the relevant time period.

More Definitions of Regulatory Change Event

Regulatory Change Event means any of the regulatory change events described in section 6.4.2.

Regulatory Change Event has the meaning given in clause 4.7.2.

Regulatory Change Event means (a) any enactment or implementation, addendum or amendment, or change in a law, regulation, regulatory technical standard, rule, policy or guideline of any competent national, European or international body (including the European Central Bank, the Bank of Spain, or any other competent national, European or international supervisory or regulatory body), or the application or official interpretation of, or the point of view expressed by the competent body in relation to said law, regulation, rule, policy or guideline, with effects from or after the Date of Incorporation, or (b) a notification or communication of any other type from the competent regulatory or supervisor authority to the Originator in relation to the transactions described in the Transaction Documents, on or after the Date of Incorporation, in relation to such law, regulation, regulatory technical standard, rule, policy or guideline in force on the Date of Incorporation or that will come into force on or after such date, that, in any of the above cases, and in the reasonable opinion of the Originator, may have a material adverse effect on the rate of return on the Originator´s capital, or materially increases the cost or materially decreases the profits of the Originator in the transactions described in the Transaction Documents.

Regulatory Change Event means, due to the (i) adoption of, change in, or change in the interpretation or administration of any applicable law, rule, directive, decree or regulation after the Trade Date; and/or

Regulatory Change Event means the incurrence of a Regulatory Change Cost as a result of:

Regulatory Change Event means where there has been an Adverse Regulatory Change Event and the Issuer and/or the Calculation Agent (as applicable) has failed to facilitate and/or effect substitution of the Issuer, amendment of the Notes or make any other change, as the case may be, in accordance with Base Condition 6.2(a)(xiv).