Common use of The Licence Clause in Contracts

The Licence. (a) It will notify the Bank promptly upon the occurrence of any material breach of the Licence or upon the receipt of any notice or communication between the Ministry and it or any member of the Group in connection with the Licence which either: (i) Claims a material breach of the Licence (ii) Could reasonably be expected to give rise to a revocation, termination,materially adverse amendment, suspension or withdrawal of the Licence; or (iii) Otherwise may be likely to have a Material Adverse Effect. (b) It will deliver to the Bank any notice or communications referred to in paragraph (a) above together with all copies of all other material notices between it and the Ministry concerning the same.

The Licence. (a) It will notify the Bank promptly upon the occurrence of any material breach of the Licence or upon the receipt of any notice or communication between the Ministry and it or any member of the Group in connection with the Licence which either: (i) Claims a material breach of the Licence (ii) Could reasonably be expected to give rise to a revocation, termination,, materially adverse amendment, suspension or withdrawal of the Licence; or (iii) Otherwise may be likely to have a Material Adverse Effect. (b) It will deliver to the Bank any notice or communications referred to in paragraph (a) above together with all copies of all other material notices between it and the Ministry concerning the same.