Do you have any examples of the breaking of a contractual obligation, of instances when a contract is coming up and you simply renew it using an ACAN, rather than putting it out for complete public tender, because the interruption of the supply chain would be injurious to the public interest?

(d)render unenforceable any right to terminate, liquidate or accelerate contracts, or affect the contractual rights, of entities referred to in paragraph 2 and other group entities, where such a right arises from resolution action taken in respect of the third-country institution, parent undertaking of such entities or other group entities, whether by the third-country resolution authority itself or otherwise pursuant to legal or regulatory requirements as to resolution arrangements in that country, provided that the substantive obligations under the contract, including payment and delivery obligations, and provision of collateral, conti ...[+++]nue to be performed.

Under the new rules, a creditor will be entitled to interest for late payment without the necessity of a reminder if, having fulfilled his contractual obligations, he has not received the amount due on time, unless the debtor is not responsible for the delay.

Currently, we're in contract negotiations with CN Rail with a strike and lockout deadline of February 9, 2007, looming before us.

Exposures with a longer maturity, for which the lending institution is bound to observe the contractual terms, may be continued until their maturity.

I should mention the contract arrangements we have in place today, while they have allowed us to survive since the cuts of program review, were very much a short-term measure and a short-term fix to the situation.