Common use of Review Event Clause in Contracts

Review Event. (a) It is a review event if there is a change in Control; (b) Each Transaction Party must notify the Agent as soon as it becomes aware of the occurrence of a Review Event. (c) The Financiers have the right to review the Facility for a period of 30 days from the date on which the Agent receives a notice under clause 13.5(b) or becomes aware of the occurrence of a Review Event. (d) If the Financiers decide that they do not wish to continue to provide the Facility following the occurrence of a Review Event, they must give written notice to that effect to the Borrower within the 30 day review period referred to in clause 13.5(c). The notice must state a date (not earlier than the earlier of 90 days from the date of the service of the notice or the Repayment Date) by which the Secured Moneys must be paid in full, and the Borrower must pay the Secured Moneys to the Agent in full on the date nominated in the notice.

Review Event. (a) It is a review event Review Event if there is a change in Control;Control of the Borrower or the Parent. (b) Each Transaction Party The Borrower or the Parent must notify the Agent as soon as it becomes aware of the occurrence of a Review Event. (c) The Financiers have Financier has the right to review the Facility for a period of 30 days from the date on which the Agent receives a notice under clause 13.5(b11.5(b) or becomes aware of the occurrence of a Review Event. (d) If the Financiers decide Financier decides that they do it does not wish to continue to provide the Facility following the occurrence of a Review Event, they it must give written notice to that effect to the Borrower within the 30 day review period referred to in clause 13.5(c11.5(c). The notice must state a date (not earlier than the earlier of 90 30 days from the date of the service of the notice or the Repayment Datenotice) by which the Secured Moneys must be paid in full, and the Borrower must pay the Secured Moneys to the Agent in full on the date nominated stated in the notice.. 12 Increased costs and illegality