Common use of Notification of material developments Clause in Contracts

Notification of material developments. (a) The Issuer and the Guarantor shall promptly after becoming aware of the occurrence thereof notify each Dealer 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 or (B) any breach of its representations, warranties or undertakings contained in the Agreements to which it is a party; and (ii) any development affecting either the Issuer or the Guarantor or any of their respective businesses which is material in the context of the Programme or any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer or the Guarantor becomes aware that any of the conditions specified in subclause ‎3.2, 3.4 and 5.7 will not be satisfied in relation to that issue, the Issuer or the Guarantor, as the case may be, 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 and the Guarantor to be released and discharged from its obligations under the agreement reached under clause ‎2. (c) Without prejudice to the generality of this subclause ‎5.1, the Issuer and the Guarantor shall from time to time promptly furnish to each Dealer any information relating to the Issuer and the Guarantor which the Dealer may reasonably request.

Notification of material developments. (a) The Each of the Issuer and the Guarantor shall promptly after becoming aware of the occurrence thereof notify each Programme Dealer and each Issue Dealer (in respect of any proposed issue of Notes, the Agreement Date for which has passed but which have not been issued) of: (i) (Aa) any Event of Default or any condition, event or act which would after an issue of Notes (or would which, with the giving of notice and/or the lapse of timetime (after an issue of Notes) would constitute an Event of Default or (B) any material breach of its representations, the representations and warranties or undertakings contained in the Agreements to which it is a partythis Agreement, any Notes or either of them; and (iib) any development affecting either any member of the Issuer or the Guarantor or any of their respective businesses Group which is material in the context of the Programme this Agreement or any issue of Notes. (b) Notes thereunder. If, following the Agreement Date and before the Issue Date issue of the relevant Notes, the Issuer or and/or the Guarantor becomes aware that any of the conditions specified in subclause ‎3.2, 3.4 and 5.7 clause 3(2) will not be satisfied in relation to that issue, the Issuer or and/or the Guarantor, as the case may be, 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 and the Guarantor to be released and discharged from its obligations under the agreement reached under clause ‎22. (c) Without prejudice to the generality of this subclause ‎5.1, the Issuer and the Guarantor shall from time to time promptly furnish to each Dealer any information relating to the Issuer and the Guarantor which the Dealer may reasonably request.

Notification of material developments. (a) The Issuer and the Guarantor shall promptly after becoming aware of the occurrence thereof notify each Dealer 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 or (B) any breach of its representations, warranties or undertakings contained in the Agreements to which it is a party; and (ii) any development affecting either the Issuer or the Guarantor or any of their respective businesses which is material in the context of the Programme or any issue of Notes. (b) If, following the Agreement Date and before the Issue Date of the relevant Notes, the Issuer or the Guarantor becomes aware that any of the conditions specified in subclause ‎3.23.2, 3.4 and 5.7 will not be satisfied in relation to that issue, the Issuer or the Guarantor, as the case may be, 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 and the Guarantor to be released and discharged from its obligations under the agreement reached under clause ‎22. (c) Without prejudice to the generality of this subclause ‎5.15.1, the Issuer and the Guarantor shall from time to time promptly furnish to each Dealer any information relating to the Issuer and the Guarantor which the Dealer may reasonably request.