but they cannot invoke any MAC, even ...a Material Adverse
Change, the following Changes will not be taken into
account:
f) any failure, in and of itself, by the Company
or the Group to meet any internal or
published projections, including solvency
projections, forecasts or revenue or earnings
predictions (provided, however, that, in the
case of this paragraph the underlying cause
for such failure may be considered in
determining whether there may be a Material
Adverse Change);
i) any changes or prospective changes in laws
or regulations, reporting standards, generally
accepted accounting principles, or the
interpretation or enforcement thereof,
including any changes proposed or adopted
by any financial regulator, such as DNB and
the ECB;