Common use of Acquisition of Shareholder Liabilities Clause in Contracts

Acquisition of Shareholder Liabilities. Prior to the Final Discharge Date, no Debtor may, and may not permit any other member of the Group to: (a) enter into any Liabilities Acquisition; or (b) beneficially own all or any part of the share capital of a company that is party to a Liabilities Acquisition, in respect of any Shareholder Liabilities at any time unless: (i) it is not prohibited by any Credit Facility Document, the Senior Secured Notes Documents or the Pari Passu Debt Documents; (ii) prior to the Super Senior Discharge Date, the Instructing Group; or (iii) on or after the Super Senior Discharge Date but prior to the Senior Secured Notes Discharge date, the Majority Senior Secured Creditors, have consented to that action.

Acquisition of Shareholder Liabilities. Prior to the Final Discharge Date, no Debtor may, and may not permit any other member of the Group to: (a) enter into any Liabilities Acquisition; or (b) beneficially own all or any part of the share capital of a company that is party to a Liabilities Acquisition, in respect of any Shareholder Liabilities at any time unless: (i) it is not prohibited permitted by any Credit Facility Document, the Senior Secured Notes Documents or the Pari Passu Debt Finance Documents;; or (ii) prior to the Super Senior Discharge Date, the Instructing GroupGroup has consented to that action; or (iii) on or after the Super Senior Discharge Date but prior to the later of the Senior Secured Notes Discharge dateDate, the Majority Senior Secured Creditors, Required Holders have consented to that action.