Declassification Events Sample Clauses
Declassification Events. (a) Upon the occurrence of a Declassification Event, the parties hereto will cease (and the Borrower will ensure that Sponsor Parties and their Affiliates will cease) making any representation in internal and/or external communications, marketing and/or publication that the Project and the Facility is a “Green Loan”, and/or compliant with the “Green Loan Principles” (or equivalent), including any references in any public list, league table or similar publication, provided, that the occurrence of a Declassification Event shall not trigger a Default or Event of Default under Section 8.01 hereto.
(b) As used in this Section 11.02, the following terms have the following meanings:
Declassification Events. If:
13.2.1 any representation, warranty or statement made or given or deemed to be made or given by the Borrower relating to a Green Loan is or proves to have been incorrect or misleading in any material respect when made or deemed to be made;
13.2.2 the Borrower fails to comply with any of the provisions referred to in:
13.2.2.1 Clause 6.1 (Purpose) of the Common Terms Agreement;
13.2.2.2 Clause 2.2 (Facility B Loan);
13.2.2.3 Clause 10 (Green Loan Representations);
13.2.2.4 Clause 11 (Green Loan Undertakings),
13.2.2.5 Clause 12.2 (Green Loan Reporting); and if such failure to comply is capable of remedy but not remedied by the Borrower within 30 (thirty) Business Days (or such longer period as the Sustainability Agent may agree in writing) of the earlier of (i) the Sustainability Agent giving written notice of the failure to comply to the Borrower and (ii) the Borrower becoming aware of the failure to comply, each outstanding Green Loan shall be declassified as such by the Sustainability Agent.