Non-Simplification Sample Clauses

Non-Simplification. 1. Triggered Loss = £100m. 2. Refinancing outside GRG generates a deemed Recovery of £25m for the Old Asset (loan facility 3), equal to its carrying value. 3. Equity sales proceeds = £10m. 4. The further draw down on loan facility 2 gives rise to a Covered Liability payment of £5m. 5. Recovery expectations are met and a further £45m cash is realised (total expected Recovery of £70m less Recovery of £25m already taken in lieu of refinancing). 6. Final ACAID_2 Net Loss = Triggered Loss – Recoveries + CL Payment = £100m – (25m + 10m + 45m) + 5m = £25m. 7. The refinancing of Loan facility 3 gives rise to a New Asset, which does not form a part of the original Covered Asset (or a Non-Cash Realisation) and is therefore completely ignored for all APS purposes. Therefore the additional £10m drawdown does not give rise to any CL Payment Amount.
View Source
Non-Simplification. 1. Triggered Loss = £60m. 2. Refinancing the Old Asset outside GRG generates a deemed Recovery of £35m, equal to the carrying value of the New Asset, and this gives rise to a New Asset which is no longer covered under the Scheme (by virtue of paragraph 9(A)(a) of this letter). 3. The original value of the equity stake is £5m and it continues to be recognised as a Non-Cash Realisation past the point of refinancing. It is ultimately sold for £15m. Final ACAID_1 Net Loss = Triggered Loss – Recoveries = £60m – (35m + 15m)
View Source

Related to Non-Simplification

  • CERTIFICATION REGARDING DRUG-FREE WORKPLACE REQUIREMENTS 1. The Contractor certifies that it will provide a drug-free workplace by: a. Publishing a statement notifying employees that the unlawful manufacture, distribution, dispensing, possession or use of a controlled substance is prohibited in the Contractor’s workplace and specifying the actions that will be taken against employees for violation of such prohibition;

  • COMPLIANCE WITH HEALTH, SAFETY, AND ENVIRONMENTAL REGULATIONS The Contractor, it’s Subcontractors, and their respective employees, shall comply fully with all applicable federal, state, and local health, safety, and environmental laws, ordinances, rules and regulations in the performance of the services, including but not limited to those promulgated by the City and by the Occupational Safety and Health Administration (OSHA). In case of conflict, the most stringent safety requirement shall govern. The Contractor shall indemnify and hold the City harmless from and against all claims, demands, suits, actions, judgments, fines, penalties and liability of every kind arising from the breach of the Contractor’s obligations under this paragraph.

  • Certification Regarding Prohibition of Boycotting Israel (Tex Gov. Code 2271)

  • Contractor Qualifications Contractor warrants that Contractor has the necessary licenses, experience and technical skills to provide services under this Contract.

  • HIPAA To the extent (if any) that DXC discloses “Protected Health Information” or “PHI” as defined in the HIPAA Privacy and Security Rules (45 CFR, Part 160-164) issued pursuant to the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) to Supplier or Supplier accesses, maintains, uses, or discloses PHI in connection with the performance of Services or functions under this Agreement, Supplier will: (a) not use or further disclose PHI other than as permitted or required by this Agreement or as required by law; (b) use appropriate safeguards to prevent use or disclosure of PHI other than as provided for by this Agreement, including implementing requirements of the HIPAA Security Rule with regard to electronic PHI; (c) report to DXC any use or disclosure of PHI not provided for under this Agreement of which Supplier becomes aware, including breaches of unsecured protected health information as required by 45 CFR §164.410, (d) in accordance with 45 CFR §164.502(e)(1)(ii), ensure that any subcontractors or agents of Supplier that create, receive, maintain, or transmit PHI created, received, maintained or transmitted by Supplier on DXC’s behalf, agree to the same restrictions and conditions that apply to Supplier with respect of such PHI; (e) make available PHI in a Designated Record Set (if any is maintained by Supplier) in accordance with 45 CFR section 164.524;