Cessation of Business. A Material Group Member ceases, or threatens to cease, to carry on business except: (a) as part of a Permitted Transaction; or (b) as a result of any disposal allowed under this Agreement.
Appears in 16 contracts
Samples: Term and Revolving Facilities Agreement (Smith & Nephew PLC), Revolving Credit Facility (Sara Lee Corp), Revolving Credit Facility (D.E Master Blenders 1753 B.V.)
Cessation of Business. A Material member of the Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 6 contracts
Samples: Credit Facility Agreement (EnerSys), Credit Facility Agreement (UTi WORLDWIDE INC), Credit Agreement (Galen Holdings PLC)
Cessation of Business. A Material Group Member ceases, or threatens to cease, to carry on all or a substantial part of its business except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 5 contracts
Samples: Credit Facilities Agreement (Amec PLC), Credit Facilities Agreement (Amec PLC), Credit Facilities Agreement (Amec PLC)
Cessation of Business. A Material An Obligor or a member of the Group Member ceases, or threatens to cease, to carry on business in circumstances which would have a Material Adverse Effect except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 3 contracts
Samples: Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.)
Cessation of Business. A Material member of the Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or
(b) as a result of any a disposal allowed under this Agreement.
Appears in 2 contracts
Samples: Loan Note Facility (Babylon Holdings LTD), Loan Agreement (Babylon Holdings LTD)
Cessation of Business. A Material Group Member ceases, or threatens announces an intention to cease, to carry on business all, or substantially all, of its business, except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 2 contracts
Samples: Credit Facility Agreement (Schlumberger LTD /Ny/), Credit Facility Agreement (Schlumberger LTD /Ny/)
Cessation of Business. A Material member of the Restricted Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 2 contracts
Samples: Facility Agreement (Baidu, Inc.), Credit Facility Agreement (Baidu, Inc.)
Cessation of Business. A Material Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or;
(b) as a result of any disposal allowed under this Agreement; or
(c) where such cessation of business would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Credit Facility Agreement (Valentia Telecommunications), Credit Facility Agreement (Valentia Telecommunications)
Cessation of Business. A Material Group Member is dissolved or ceases, or threatens to cease, to carry on business except:
(a) except as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Cessation of Business. A Material member of the Group Member ceases, or threatens to cease, to carry on business except:
(a) as all or a material part of a Permitted Transaction; or
(b) its business except as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Cessation of Business. A Material Any member of the Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Cessation of Business. A Material Group Member ceases, or threatens takes clear steps to cease, to carry on business except:
(a) as all or a substantial part of its business (other than pursuant to a Permitted Transaction; or
(b) as a result of any disposal allowed under this Agreementtransaction permitted by the Finance Documents).
Appears in 1 contract
Samples: Credit Facility (Vivendi Universal)
Cessation of Business. A Material Converium Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted TransactionReorganisation; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Cessation of Business. A Material member of the Group Member or any Obligor ceases, or threatens to cease, to carry on business except:
(a) as part of a the Permitted TransactionMerger; or
(b) as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Samples: Credit Facilities Agreement
Cessation of Business. A Material Group Member ceases, or threatens to cease, to carry on business except:
(a) as part of a Permitted Transaction; or
(b) except as a result of any disposal allowed under this Agreement.
Appears in 1 contract
Samples: Facilities Agreement (Royal Ahold)
