Regulatory Change Event definition

Regulatory Change Event means:the adoption of, change in or change in the interpretation or administration of, any law, rule, directive, decree or regulation in the Reference Jurisdiction after the Trade Date by any Governmental Authority (provided that such term shall also include any taxing authority); and/orthe compliance by a Reference Investor with any request or directive of any Governmental Authority (provided that such term shall also include any taxing authority),which in any such case:

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:

Regulatory Change Event means: A change in a regulatory obligation or requirement that: a falls within no other category of Cost Pass Through Event; and b occurs during the course of an access arrangement period; and c substantially affects the manner in which AGN provides Reference Services; and d materially increases or materially decreases the cost of providing those services.

Examples of Regulatory Change Event in a sentence

• 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.

• 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.

• If an event which would otherwise (but for this provision) constitute a Force Majeure and a Disruption Event, Potential Adjustment Event, Settlement Disruption Event, Regulatory Change Event, Merger Event, Delisting, Nationalisation, Insolvency, Insolvency Filing, Tender Offer, ETF Event, ETN Events of Default or ETN Early Redemption, it will be deemed such relevant event and will not constitute a Force Majeure.

• The Notes include that following the occurrence of an Adjustment Event (i.e. a Regulatory Change Event or Tax Event), the Final Redemption Amount shall be reduced by any loss suffered, or costs or expenses incurred, by the Issuer in connection with the Notes as a result of the occurrence of such Adjustment Event, as determined by the Calculation Agent, so as to put the Issuer in the same position in which it would have been but for the occurrence of such Adjustment 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.

More Definitions of Regulatory Change Event

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

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 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 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)(xvi).

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).