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English to Polish translations [PRO] Bus/Financial - Finance (general)
English term or phrase:pre-hedging costs
termin ten pojawia się bliżej końca poniższego fragmentu umowy kupna obligacji
The Purchaser, may, by notice to the Issuer and the Arrangers, terminate this Agreement at any time prior to payment of the first Partial payment if in the opinion of the Purchaser (after consultation with the Issuer) there shall have been such a material change in national or international financial, political or economic conditions or currency exchange rates or exchange controls as would prejudice materially the success of the offering and distribution of unit-linked insurance policies hedged by the Notes and, upon such notice being given, the parties to this Agreement shall be released and discharged from their respective obligations under this Agreement except for any liability of the Issuer or the Arrangers in relation to such termination arising from any expenses, breakage and/or pre-hedging costs incurred, for which the Purchaser shall indemnify the Issuer and Arrangers on demand.