Examples of Listing Failure Event in a sentence
Upon the occurrence of a Listing Failure Event and for as long as such Listing Failure Event is continuing, the interest on any principal amount outstanding under these Bonds Terms will accrue at the Interest Rate plus 1 percentage point per annum.
The Issuer shall promptly inform the Bond Trustee in writing if a Listing Failure Event has occurred.
In the event the Listing Failure Event relates to Temporary Bonds, the Interest Rate will only be increased in respect of such Temporary Bonds.
However, such period may not start earlier than upon the occurrence of the Change of Control Event or Listing 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 (Default interest) will accrue as long as such Listing Failure Event is continuing.