Fitch Implications Sample Clauses

Fitch Implications. (i) If an Initial Fitch Rating Event occurs and is continuing and Party A does not take at least one of the measures described in Part 5(g)(i) above (and regardless of whether reasonable efforts have been used to implement any of those measures), such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event which shall be deemed to have occurred on the next Local Business Day after the thirtieth calendar day following the Initial Fitch Rating Event, with Party A as the sole Affected Party and all Transactions as Affected Transactions.
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Fitch Implications. If an Initial Fitch Rating Event occurs and Party A does not take any of the measures described in Part 5(f)(iii) above (and regardless of whether reasonable efforts have been used to implement any of those measures), such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event which shall be deemed to have occurred on the next Local Business Day after:
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Fitch Implications. (E) If an Initial Fitch Rating Event occurs and Party A does not take any of the measures described in Part 5(f)(vi) above (and regardless of whether reasonable efforts have been used to implement any of those measures) such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event with respect to Party A which shall be deemed to have occurred on the next Local Business Day after (i) where Party A fails to post collateral in accordance with Part 5(f)(vi) above, the fourteenth calendar day following the Initial Fitch Rating Event; or (ii) in any other case, the thirtieth calendar day following the Initial Fitch Rating Event, with Party A as the sole Affected Party and all Transactions as Affected Transactions.
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Fitch Implications. If an Initial Fitch Rating Event occurs and is continuing and Party A does not take at least one of the measures described in Part 5(g)(i) above (and regardless of whether reasonable efforts have been used to implement any of those measures), such failure shall not be or give rise to an Event of Default but shall constitute an Additional Termination Event which shall be deemed to have occurred on the next Local Business Day after the thirtieth calendar day following the Initial Fitch Rating Event, with Party A as the sole Affected Party and all Transactions as Affected Transactions, provided that, notwithstanding any other provision of this Agreement, with regard to a failure to post collateral pursuant to Part 5(g)(i)(A), such failure will not constitute an Additional Termination Event until (i) a Hedge Collateral Account has been opened and (ii) at least 10 Business Days have elapsed since the day on which Party B first notified Party A that such Hedge Collateral Account has been opened and the details therefor.
Sample 1

Related to Fitch Implications

  • FINANCIAL IMPLICATIONS There are no budget implications. The applicant will be responsible for all costs, expenses, liabilities and obligations imposed under or incurred in order to satisfy the terms of this proposed development agreement. The administration of the proposed development agreement can be carried out within the approved 2019- 2020 budget and with existing resources.

  • Implications Nothing herein shall be construed as to imply the negotiability of matters relating to curriculum, textbook selection or the like.

  • Tax Implications Without limitation, we do not accept liability for any adverse tax implications of any Transaction whatsoever.

  • LISTING RULES IMPLICATIONS As at the date of this announcement, the Landlord is an indirect wholly-owned subsidiary of Xxxxxxxxx Land Development Company Limited which in turn is a substantial shareholder of the Company, therefore the Landlord is a connected person of the Company under the Listing Rules. Accordingly, the entering into of the Lease Agreement constitutes a continuing connected transaction of the Company under Chapter 14A of the Listing Rules. Since the highest of the Annual Cap Amounts exceeds HK$1,000,000 and certain of the relevant applicable percentage ratios calculated pursuant to Rule 14.07 of the Listing Rules exceed 0.1% but all such applicable percentage ratios are below 5%, the entering into of the Lease Agreement is only subject to the reporting, announcement and annual review requirements but is exempt from the independent shareholders’ approval requirements pursuant to Rule 14A.34 of the Listing Rules. As the duration of the Lease Agreement exceeds 3 years, pursuant to Rule 14A.35(1) of the Listing Rules, the Company has engaged an Independent Financial Adviser to review the Lease Agreement, who has confirmed that it is in the normal business practice for contracts of this type to be of such duration. Please refer to the section headed “The View of the Independent Financial Adviser” below for further details of the Independent Financial Adviser’s opinion in this regard. Since both Xx. Xxx Xxxx Xxx and Xx. Xxx Xx Xxxxx, being Directors, through companies indirectly controlled by the private trust of the family of Xx. Xxx Xxxx Xxx, are deemed to be interested in the shares in Xxxxxxxxx Land Development Company Limited, they have material interest in the Lease Agreement and the transactions contemplated thereunder. The Board had delegated the power to consider and approve all connected transactions of the Company to the Company’s Audit Committee. As both Xx. Xxx Xxxx Xxx and Xx. Xxx Xx Xxxxx are not members of the Audit Committee, they have not voted on the relevant board resolution(s) in respect of the Lease Agreement and the transactions contemplated thereunder.

  • Legal Significance Patient acknowledges that this Agreement is a legal document and creates certain rights and responsibilities. Patient also acknowledges having had a reasonable time to seek legal advice regarding the Agreement and has either chosen not to do so or has done so and is satisfied with the terms and conditions of the Agreement.

  • Suspension of unsafe Construction Works (i) Upon recommendation of the Authority’s Engineer to this effect, the Authority may by notice require the Contractor to suspend forthwith the whole or any part of the Works if, in the reasonable opinion of the Authority’s Engineer, such work threatens the safety of the Users and pedestrians.

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