Examples of Verification Assurance Report in a sentence
The failure of the Issuer to (i) meet either or both of the Sustainability Performance Targets or (ii) make available(a) the Sustainability-Linked Bond Report or (b) the Verification Assurance Report in a dedicated section of its universal registration document or on its website shall not constitute an Event of Default or a breach of the Issuer's obligations under the Bonds.
Each SLF Progress Report and related Verification Assurance Report will be published no later than 150 days after the 31 December of each year (the “Sustainability Performance Reporting Deadline”).It is understood that any failure by the Issuer to make the information referred to in this Condition 14(A) available in any 12 month period shall not result in the occurrence of an Event of Default under these Conditions.
The relevant Make-whole Notice Date shall not be a day falling during the period from, and including, the date falling 30 calendar days prior to the Target Observation Date to, and including, the earlier of (i) the date of publication of the Verification Assurance Report (or, if later, the date of publication of the Sustainability-Linked Bond Report) and (ii) the date falling 30 calendar days prior to the Interest Payment Date immediately following the Target Observation Date.
The Second Party Opinion will be accessible through the Issuer's website at: https://group.accor.com/-/media/Corporate/Investors/Documents-financiers/2021/11/15/ACCOR-Sustainability-Linked- Bond-Framework-Second-Party-Opinion.pdf and the Verification Assurance Report will be acessible through the Issuer's website at https://group.accor.com/en/finance/financial-data/debt-financing.
In addition, in connection with the issue of the Bonds, the Issuer may also engage one or more external verifiers to carry out the relevant assessments required for the purposes of providing the Verification Assurance Report (as defined in Condition 3(h)) (the "External Verifier").
However, any information on, or accessible through, such website and the information in such Second Party Opinion or the Verification Assurance Report do not form part of this Prospectus and should not be relied upon in connection with making any investment decision with respect to the Bonds.
Rather, it can only be under- stood fully by considering its history of use by other people, in other places, for other reasons.
The phrase ‘External Review’ refers to the independent assessment on the green credentials of a bond provided to the issuer by an external auditor (reviewer).Most external reviews can provide both a Second-Party Opinion (SPO) as well as a Verification (Assurance) Report against the Climate Bonds Standard.External reviewers are generally engaged while or soon after the issuer has set up a Green Bond Framework and the review is normally made public before the road show.