Common use of Notification of material developments Clause in Contracts

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) any material breach of the representations and warranties or undertakings contained in the Agreements or (C) anything that would require the publication of a supplement to the Base Prospectus or a new Base Prospectus pursuant to clause 5(2)(b). (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in clause 3(2) will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoing, the Issuer shall from time to time promptly furnish to each Dealer such information relating to the Issuer as such Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (Ai) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) any material breach of the representations and warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require its business, which, in the publication opinion of a supplement to the Base Prospectus Issuer, is material in the context of the Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in sub-clause 3(2) 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause Clause 2. (c) Without prejudice to the generality of the foregoingthis sub-clause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer or the relevant Category A Shareholder as such Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (i) (A) any Event of Default Default, Capital Event or MREL Disqualification Event affecting it or any condition, event or act which would after an issue of Notes by it (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, Capital Event or MREL Disqualification Event by it or (B) any material breach of the representations and its representations, warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require any of its business which is material in the publication context of a supplement to the Base Prospectus Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in clause 3(2) subclause 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoingthis subclause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer as such which the Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, Default or (B) any material breach of the representations and warranties or undertakings contained in the Agreements or (C) anything that would require the publication of a supplement to the Base Prospectus or a new Base Prospectus pursuant to clause 5(2)(b)Agreements. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in clause 3(2) will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoing, the Issuer shall from time to time promptly furnish to each Dealer such information relating to the Issuer as such Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (i) (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, Default or (B) any material breach of the representations and its representations, warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require its business which is material in the publication context of a supplement to the Base Prospectus Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Notes or Covered Bonds. (b) If, following the Agreement Date and before the Issue Date of the relevant NotesNotes or Covered Bonds, the Issuer becomes aware that any of the conditions specified in clause 3(2) subclause 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoingthis subclause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer as such which the Dealer may reasonably request.

Notification of material developments. (a) The relevant Issuer and the Guarantor (if applicable) shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) Default or of any material breach of the representations and warranties or undertakings contained in the Agreements and shall take such steps as may reasonably be requested by the Dealers or, in relation to any specific Tranche, the relevant Dealer or the Lead Manager on behalf of the relevant Dealers, respectively, (C) anything that would require the publication of a supplement and in such case prior to the Base Prospectus or a new Base Prospectus pursuant Issue Date) to clause 5(2)(b)remedy and/or publicise the same. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the relevant Issuer becomes aware that any of the conditions specified in clause 3(2) will not be satisfied in relation to that issue, the such Issuer shall forthwith notify the relevant Dealer (except as otherwise specifically provided)) to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the relevant Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoing, the Issuer shall from time to time promptly furnish to each Dealer such information relating to the Issuer as such Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (i) (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, Default or (B) any material breach of the representations and its representations, warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require any of its businesses which is material in the publication context of a supplement to the Base Prospectus Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in clause 3(2) subclause 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoingthis subclause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer as such which the Dealer may reasonably request.

Notification of material developments. (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (Ai) any Event of Default or any condition, event or act which would after an issue of Notes Covered Bonds (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) any material breach of the representations and its representations, warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require any of its businesses which is material in the publication context of a supplement to the Base Prospectus Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Covered Bonds. (b) If, following the Agreement Date and on or before the Issue Date of the relevant NotesCovered Bonds, the Issuer becomes aware that any of the conditions specified in clause 3(2) Clause 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause Clause 2. (c) Without prejudice to the generality of the foregoingthis Clause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer as such which the Dealer may reasonably request.

Notification of material developments. (a) The Each Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, Default or (B) any material breach of the representations and its representations, warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting that Issuer or (C) anything that would require any of its business which is material in the publication context of the Programme or any issue of Notes except where notice of such occurrence is publicly available through such Issuer’s regulatory filings or through a supplement to the Base Prospectus or a new Base Prospectus pursuant to clause 5(2)(b)press release issued by such Issuer. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the such Issuer becomes aware that any of the conditions specified in clause 3(2) subclause 3.2 will not be satisfied in relation to that issue, the relevant Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the relevant Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoingthis subclause 5.1, the each Issuer shall from time to time promptly furnish to each Dealer such any information relating to the relevant Issuer as such which the Dealer may reasonably request.

Notification of material developments. (a) The relevant Issuer and the Guarantor (if applicable) shall promptly after becoming aware of the occurrence thereof notify each Dealer of (A) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) Default or of any material breach of the representations and warranties or undertakings contained in the Agreements and shall take such steps as may reasonably be requested by the Dealers or, in relation to any specific Tranche, the relevant Dealer or the Lead Manager on behalf of the relevant Dealers, respectively, (C) anything that would require the publication of a supplement and in such case prior to the Base Prospectus or a new Base Prospectus pursuant Issue Date) to clause 5(2)(b)remedy and/or publicise the same. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the relevant Issuer becomes aware that any of the conditions specified in clause 3(2) 3.2 will not be satisfied in relation to that issue, the such Issuer shall forthwith notify the relevant Dealer (except as otherwise specifically provided) to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the relevant Issuer to be released and discharged from its obligations under the agreement reached under clause 2. (c) Without prejudice to the generality of the foregoing, the Issuer shall from time to time promptly furnish to each Dealer such information relating to the Issuer as such Dealer may reasonably request.

Notification of material developments. ‌‌ (a) The Issuer shall promptly after becoming aware of the occurrence thereof notify each Dealer of of: (Ai) any Event of Default or any condition, event or act which would after an issue of Notes (or would with the giving of notice and/or the lapse of time) constitute an Event of Default, (B) any material breach of the representations and warranties or undertakings contained in the Agreements Agreements; and (ii) any development affecting the Issuer or (C) anything that would require its business, which, in the publication opinion of a supplement to the Base Prospectus Issuer, is material in the context of the Programme or a new Base Prospectus pursuant to clause 5(2)(b)any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer becomes aware that any of the conditions specified in sub-clause 3(2) 3.2 will not be satisfied in relation to that issue, the Issuer shall forthwith notify the relevant Dealer to this effect giving full details thereof. In such circumstances, the relevant Dealer shall be entitled (but not bound) by notice to the Issuer to be released and discharged from its obligations under the agreement reached under clause Clause 2. (c) Without prejudice to the generality of the foregoingthis sub-clause 5.1, the Issuer shall from time to time promptly furnish to each Dealer such any information relating to the Issuer or the relevant Category A Shareholder as such Dealer may reasonably request.