Determination by Representatives. In the event that the letter referred to in Section 12(e) sets forth any change, decrease or loss, you, as Representatives of the Underwriters, in your sole discretion, shall have determined, after discussion with officials of the Bank responsible for financial and accounting matters and with KPMG, that such change, decrease or loss does not reflect a material adverse change in the capital or borrowings of the Bank as compared with amounts shown in the latest financial statements included in the Final Prospectus, or a material adverse change in the financial position of the Bank from that set forth by such financial statements.
Determination by Representatives. In the event that the letter referred to in Section 12(e) sets forth any change, decrease or loss, you, as Representatives of the Underwriters, in your sole discretion, shall have determined, after discussion with officials of the Bank responsible for financial and accounting matters and with PricewaterhouseCoopers Advisory Services Hong Kong Limited, that such change, decrease or loss does not reflect a material adverse change in the financial position of the Bank from that set forth by such financial statements, except as contemplated by the Registration Statement, the Basic Prospectus, any Preliminary Prospectus Supplement and the Pricing Disclosure Package.
