Ceasing to Carry on Business Sample Clauses

Ceasing to Carry on Business. If the Canadian Borrower or any of its Restricted Subsidiaries cease or threaten to cease to carry on in the ordinary course their business or a substantial part thereof, except as a result of a reorganization permitted by the Lenders or as permitted in Section 14.3.3; or
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Ceasing to Carry on Business. Neither of the Borrowers shall cease to carry on the business currently being carried on by such Borrower at the date of this Agreement.
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Ceasing to Carry on Business. (a) Any of the Borrower ceases, or threatens to cease, to carry on all or a substantial part of its business. (b) Any of the Borrower materially changes or threatens to materially change the general nature or scope of its business from that carried on at the date of execution of this Agreement by the Borrower.
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Ceasing to Carry on Business the Borrower ceases to carry on its business or any substantial part thereof (save for the purpose of and followed by an amalgamation or reconstruction on terms previously approved by the Bank); or
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Ceasing to Carry on Business. The Borrower or any Cybernet Company shall cease to carry on its Business or any material part of the Business to be conducted by it;
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Ceasing to Carry on Business if a Credit Party ceases or threatens to cease to carry on in the ordinary course its business or a substantial part thereof, except as the result of a reorganization permitted by the Majority Lenders;
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Ceasing to Carry on Business. The Borrower ceases or threatens to cease to carry on the Business;
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Ceasing to Carry on Business. Any Material Company ceases or takes steps to cease to carry on all or a substantial part of its business other than (a) in terms of any disposal permitted under this Agreement or (b) with the prior written consent of the Lenders or (c) as a result of a solvent liquidation or reorganisation with the prior written consent of the Agent.
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Ceasing to Carry on Business the Company ceases or threatens to cease to carry on business;
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Related to Ceasing to Carry on Business

  • Restrictions on Business Activities There is no agreement, judgment, injunction, order or decree binding upon the Company or any of its Subsidiaries which has or reasonably could be expected to have, whether before or after consummation of the Merger, the effect of prohibiting or materially impairing any current business practice of the Company or any of its Subsidiaries, any contemplated acquisition of property by the Company or any of its Subsidiaries or the conduct by the Company or any of its Subsidiaries of its business as currently conducted or as currently proposed to be conducted.

  • Attachment; Levy; Restraint on Business (a) (i) The service of process seeking to attach, by trustee or similar process, any funds of Borrower or of any entity under the control of Borrower (including a Subsidiary), or (ii) a notice of lien or levy is filed against any of Borrower’s assets by any Governmental Authority, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed (whether through the posting of a bond or otherwise); provided, however, no Credit Extensions shall be made during any ten (10) day cure period; or (i) any material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or receiver, or (ii) any court order enjoins, restrains, or prevents Borrower from conducting all or any material part of its business;

  • Incorporation and Good Standing of the Company and its Subsidiaries The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware and has corporate power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus and to enter into and perform its obligations under this Agreement. Each subsidiary of the Company has been duly organized and is validly existing as a corporation in good standing under the laws of the jurisdiction of its organization and has the requisite power and authority to own, lease and operate its properties and to conduct its business as described in the Prospectus. Each of the Company and the subsidiaries is duly qualified as a foreign corporation or foreign partnership to transact business and is in good standing in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Change. Except as described in the Prospectus, all of the issued and outstanding capital stock or other equity interests of the subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit 21.1 to the Company’s Annual Report on Form 10-K for the most recently ended fiscal year and other than (i) those subsidiaries not required to be listed on Exhibit 21.1 by Item 601 of Regulation S-K under the Exchange Act and (ii) those subsidiaries formed or acquired since the last day of the most recently ended fiscal year.