Examples of Discontinuation Event in a sentence
The Company agrees to use its reasonable best efforts to immediately cure any such Discontinuation Event and to use its reasonable best efforts to immediately provide copies of any such supplement or amendment or use its reasonable best efforts to immediately deliver the Advice to each Holder.
Lippo Limited Annual Report 2013/2014 65 Notes to the Financial Statements (continued)2.4 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)(o) Impairment of financial assets (continued) Financial assets carried at amortised cost (continued)The carrying amount of the asset is reduced through the use of an allowance account and the loss is recognised in the statement of profit or loss.
Without prejudice to the obligations of the Issuer under this Condition 4(b)(ii)(D), the Original Reference Rate and the fallback provisions provided for in (in the case of Floating Rate Notes) Condition 4(b)(ii)(B) or (in the case of CMS Linked Notes) Condition 4(b)(ii)(C) will continue to apply unless and until both (a) a Benchmark Discontinuation Event in relation to the Original Reference Rate and (b) a related Benchmark Replacement Date have occurred.
For the avoidance of doubt, if a Benchmark Discontinuation Event occurs, the applicable Discount Rate for any previously purchased Receivables hereunder shall remain the rate used in the calculation of Purchase Price for such Proposed Receivable when originally calculated pursuant to Section 2(d), above.
The Company shall cause the Registration Statement to become effective and remain effective as provided herein, subject to any Discontinuation Event (as hereinafter defined).