Common use of Statutory Exemption Clause in Contracts

Statutory Exemption. If the Company is granted an exemption, or an exemption is applicable to the Company, in relation to any obligation imposed upon the Company by or pursuant to the Financial Reporting ▇▇▇ ▇▇▇▇, the FMCA, the FMC Regulations or the Listing Rules which is materially the same or analogous to any obligation of the Company under this Deed, a Series Supplement or any Bonds then provided two Authorised Officers of the Company certify that such amendment, temporary variation or waiver will not have a material adverse effect on the Company or be materially and adversely prejudicial to the general interests of Bondholders, the Supervisor may: (a) agree to amend or temporarily vary this Deed, provided that the Supervisor complies with clause 10.5 (Amendments) and any other applicable law; or (b) waive any breach or anticipated breach of such obligation in a manner which is consistent with the relevant exemption.

Appears in 1 contract

Sources: Master Trust Deed

Statutory Exemption. If the Company is granted an exemption, or an exemption is applicable to the Company, in relation to any obligation imposed upon the Company by or pursuant to the Financial Reporting ▇▇▇ ▇▇▇▇, the FMCA, the FMC Regulations or the Listing Rules which is materially the same or analogous to any obligation of the Company under this Deed, a Series Supplement the Conditions or any Bonds then provided two Authorised Officers of the Company certify that such amendment, temporary variation or waiver will not have a material adverse effect on the Company or be materially and adversely prejudicial to the general interests of Bondholders, the Supervisor may: (a) agree to amend or temporarily vary this DeedDeed (including the Conditions), provided that the Supervisor complies with clause 10.5 (Amendments) 8.5 and any other applicable law; or (b) waive any breach or anticipated breach of such obligation in a manner which is consistent with the relevant exemption.

Appears in 1 contract

Sources: Trust Deed