In the event of any change in the law, whether arising from legislation, decisions of the courts or otherwise, at any time after the Reinsurer entered into this Contract by which the Reinsurer's liability hereunder is materially increased or extended, the parties hereto agree to take up for immediate discussion or extended, the parties hereto agree to take up for immediate discussion at the request of either party a suitable revision in the terms of this Contract. Failing agreement on such revision within 30 days after such a request, it is agreed that the Reinsurer's liability hereunder, whenoever arising, shall be determined as if the said change in law had not taken place