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: (i) any breach of its representations, warranties or undertakings contained in the Agreements; and (ii) any development affecting the Issuer or any of its business 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 becomes aware that any of the conditions specified in 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 this subclause 5.1, the Issuer shall from time to time promptly furnish to each Dealer any information relating to the Issuer 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: (i) any breach of its representations, the representations and warranties or undertakings contained in the AgreementstheAgreements; and (ii) any development affecting the Issuer or any its business, which, in the opinion of its business which the Issuer, 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 becomes aware that any of the conditions specified in subclause sub-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 this subclause sub-clause 5.1, the Issuer shall from time to time promptly furnish to each Dealer any information relating to the Issuer which or the Shareholder Xxxxx as such Dealer may reasonably request.