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contract of significance

    (in LR) a contract which represents in amount or value (or annual amount or value) a sum equal to 1% or more, calculated on a group basis where relevant, of:

      1. (a) in the case of a capital transaction or a transaction of which the principal purpose or effect is the granting of credit, the aggregate of the group's share capital and reserves; or
      1. (b) in other cases, the total annual purchases, sales, payments or receipts, as the case may be, of the group.31