Listing Failure definition
Examples of Listing Failure 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.
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.
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, and such failure shall result in the accrual of default interest in accordance with paragraph (c) of Clause 8.2 (Default interest) for as long as such Listing Failure Event is continuing.
This section would require the Maritime Administrator to submit to Congress a report describing the progress of MARAD in imple- menting and completing each of the recommendations made in the DOT OIG’s report identifying gaps in the USMMA’s Sexual Assault Prevention and Response Program.