Examples of Failure Event in a sentence
The Issuer shall promptly inform the Bond Trustee in writing if a Listing Failure Event has occurred.
However, no Event of Default shall occur if the Issuer fails (i) to list the Bonds in accordance with Clause 4 (Admission to listing) or (ii) to inform of such Listing Failure Event, only default interest in accordance with paragraph (c) of Clause 8.2 (Default interest) will accrue as long as such Listing Failure Event is continuing.
An Agent Replacement Failure Event or a Swap Counterparty Replacement Failure Event shall, if so specified in the Series Terms, constitute an Early Redemption Event pursuant to Master Condition 9(a) (Early Redemption Events and Determining Party).
However, investors should note that in certain circumstances it may not be possible to appoint a replacement calculation agent and the failure to do so will constitute either an Agent Replacement Failure Event or a Swap Counterparty Replacement Failure Event.
However, no Event of Default shall occur if the Issuer fails (i) to list the Bonds in accordance with Clause 4 (Admission to Listing) or (ii) to inform of such Listing Failure Event, only default interest in accordance with paragraph (c) of Clause 8.2 will accrue as long as such Listing Failure Event is continuing.