Common use of Business Restrictions Clause in Contracts

Business Restrictions. Except as otherwise approved, each Borrower undertakes that this clause 26 will be complied with by and in respect of each Obligor and their Affiliates (to the extent applicable) throughout the Facility Period. 26.1 General negative pledge 26.2 Transactions similar to security (a) sell, transfer or otherwise dispose of any of its assets on terms whereby that asset is or may be leased to, or re-acquired by, any Affiliate other than pursuant to disposals permitted under clause 26.6 (Disposals); (b) sell, transfer, factor or otherwise dispose of any of its receivables; (c) enter into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts; or (d) enter into any other preferential arrangement having a similar effect.

Business Restrictions. Except as otherwise approved, each the Borrower undertakes that this clause 26 27 will be complied with by and in respect of each Obligor and their Affiliates (to the extent applicable) throughout the Facility Period. 26.1 27.1 General negative pledge 26.2 27.2 Transactions similar to security (a) sell, transfer or otherwise dispose of any of its assets on terms whereby that asset is or may be leased to, or re-acquired by, any Affiliate other than pursuant to disposals permitted under clause 26.6 27.6 (Disposals); (b) sell, transfer, factor or otherwise dispose of any of its receivables; (c) enter into any arrangement under which money or the benefit of a bank or other account may be applied, set-off or made subject to a combination of accounts; or (d) enter into any other preferential arrangement having a similar effect.