Additional Termination Events Clausole campione
Additional Termination Events. Each of the Issuers shall have the right to terminate its respective obligations under the Securities, by giving notice to the relevant Holders, the Programme Agent and the Calculation Agent, if it determines in its sole and absolute discretion in good faith that (i) any Nationalisation, Insolvency or Merger Event has resulted in Cancellation and Payment, (ii) any other circumstances set out in the relevant Terms have occurred, or (iii) any action has been taken by a taxing authority, or brought in a court of competent jurisdiction, or a Change in Tax Law has occurred, or (iv) any event occurs which causes or is reasonably likely to cause any Expenses to arise (by whomsoever payable) or (v) there is insufficient liquidity in the market for the Reference Asset to permit the Hedging Entity to enter into hedging transactions relating to the Reference Assets in order to hedge such Issuer's obligations under the Securities in an acceptable or a commercially satisfactory manner (the circumstances referred to in (i), (ii), (iii) or (iv) or (v) hereafter referred to as "Additional Termination Events").
Additional Termination Events. Each of the Izzuerz zhall have the right to terminate itz rezpective obligationz under the Securitiez, by giving notice to the relevant Holderz, the Relevant Programme Agent(z) and the Calculation Agent, if it determinez in itz zole and abzolute dizcretion in good faith that (i) any Nationalization, Inzolvency or Merger Event haz rezulted in Cancellation and Payment, (ii) any other circumztancez zet out in the relevant Final Termz have occurred, or (iii) any action haz been taken by a taxing authority, or brought in a court of competent jurizdiction, or a Change in Tax Law haz occurred, or (iv) any event occurz which cauzez or iz reazonably likely to cauze any Expenzez to arize (by whomzoever payable) or (v) there iz inzufficient liquidity in the market for the Reference Azzet to permit the Hedging Entity to enter into hedging tranzactionz relating to the Reference Azzetz in order to hedge ▇▇▇▇ Izzuer'z obligationz under the Securitiez in an acceptable or a commercially zatizfactory manner (the circumztancez referred to in (i), (ii), (iii), (iv) or (v) hereafter referred to az "Additional Termination Events").