Examples of Conforming in a sentence
Any Benchmark Replacement so determined by the Issuer shall have effect for any subsequent determination of any relevant Rate of Interest (subject to any further application of this Condition 4(b)(xi)(B) with respect to such Benchmark Replacement), subject, if any associated Benchmark Replacement Conforming Changes are required in connection therewith, to such Benchmark Replacement Conforming Changes becoming effective in accordance with the following provisions.
Customer may also elect to replace Non- Conforming Products with products similar to the Products from any other source, in which event Supplier shall reimburse Customer for the amounts of such Non- Conforming Products paid by Customer and the difference between the negotiated price of the Products and the actual price paid by Customer to obtain the substitute products from a third party.
Such notice shall be irrevocable and shall specify the effective date of the Benchmark Amendments or Benchmark Replacement Conforming Changes (as applicable), if any.
In addition, the Trustee shall be obliged to concur with the relevant Issuer in effecting any Benchmark Amendments or Benchmark Replacement Conforming Changes in the circumstances and as otherwise set out in Condition 4(b)(xi) without the consent of the Noteholders or the Couponholders.
The Issuer shall notify the Trustee, the Agent, the Calculation Agent (if different from the Agent), the Paying Agents and, in accordance with Condition 14, the Noteholders, promptly of any Successor Rate, Alternative Rate, Adjustment Spread and/or Benchmark Replacement, and the specific terms of any Benchmark Amendments or Benchmark Replacement Conforming Changes (as applicable), determined under this Condition 4(b)(xi).