A category 1 responder1 is required to maintain plans for the purpose of ensuring, so far as is reasonably practicable, that if an emergency occurs the responder is able to continue to perform its functions2, and for the purpose of ensuring that if an emergency occurs or is likely to occur the responder is able to perform its functions so far as necessary or desirable for the purpose of preventing the emergency3, reducing, controlling or mitigating its effects4, or taking other action in connection with it5. In performing this duty the responder must have regard to any relevant risk
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
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