Examples of Independent Advisor in a sentence
I recall having some conversations with the original Independent Advisor (IA) to clarify some general design issues.
The Independent Advisor will notify the Issuer and the Calculation Agent at the latest 10 days prior to the Interest Determination Date] [Reference Rate Determination Date] [Observation Day] [determine other day] about such determinations.informieren.
If the Independent Advisor determines in its discretion (i) that an Adjustment Spread is required to be applied to the Successor Rate or the Alternative Rate (as the case may be) and (ii) the quantum of, or a formula or methodology for determining, such Adjustment Spread, then such Adjustment Spread shall apply to the Successor Rate or the Alternative Rate (as the case may be).the subsequent operation of this Condition 4(g)).
The Issuer shall use its reasonable endeavors to appoint an Independent Advisor, as soon as reasonably practicable, to consult with the Issuer in determining a Successor Rate, failing which an Alternative Rate (in accordance with Section 3.7(c)(vi)(B)) and, in either case, an Adjustment Spread and any Benchmark Amendments (in accordance with Section 3.7(c)(vi)(D)).
In the absence of bad faith or fraud, the Issuer and the Independent Advisor shall have no liability whatsoever to the Issuer, the Trustee, the Calculation Agent, the Paying Agents, or the Holders (as applicable) for any determination made by the Issuer and/or any advice given to the Issuer in connection with any determination made by the Issuer, pursuant to this Section 3.7(c)(vi).