Common use of Notification of market disruption Clause in Contracts

Notification of market disruption. If a Market Disruption Event shall have occurred, the Agent shall promptly notify the Borrower, each of the Lenders and each of the Swap Counterparties stating the circumstances falling within Clause 5.7 which have caused its notice (a “Market Disruption Notice”) of such Market Disruption Event to be given; provided that the level of detail of the Market Disruption Notice shall be in the Agent’s sole discretion and the Market Disruption Notice itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.

Appears in 3 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

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Notification of market disruption. If a Market Disruption Event shall have occurred, the The Agent shall promptly notify the Borrower, each of the Lenders and each of the Swap Counterparties stating the circumstances falling within Clause 5.7 which have caused its notice to be given (a the “Market Disruption NoticeNotification) of such Market Disruption Event to be given); provided that the level of detail of the Market Disruption Notice Notification shall be in the Agent’s sole discretion and the Market Disruption Notice Notification itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

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Notification of market disruption. If a Market Disruption Event shall have occurred, the Agent shall promptly notify the BorrowerBorrowers, each of the Lenders and each of the Swap Counterparties stating the circumstances falling within Clause 5.7 5.8 which have caused its notice (a “Market Disruption Notice”) of such Market Disruption Event to be given; provided that the level of detail of the Market Disruption Notice shall be in the Agent’s sole discretion and the Market Disruption Notice itself shall, absent manifest error, be final, conclusive and binding on all parties hereto.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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