Common use of Cessation of licences Clause in Contracts

Cessation of licences. (a) The cessation, variation or imposition of limitations (for any reason) of any consent, authorisation, licence and/or exemption which is required to enable the Parent or any Subsidiary to carry on its business, or the taking by any governmental, regulatory or other authority of any action in relation to the Parent or any Subsidiary which could, in the Agent’s opinion, acting reasonably, have a material adverse effect on all or part of such business.

Cessation of licences. (a) The cessation, variation or imposition of limitations (cessation for any reason) reason of any consent, authorisation, licence and/or exemption which is required to enable the Parent or any Subsidiary Borrower to carry on its business, or the taking by of any governmental, regulatory or other authority authority, of any action in relation to the Parent or any Subsidiary which couldBorrower which, in the Agent’s Majority Lenders’ opinion, acting reasonablyhave, have or would be reasonably likely to have, a material adverse effect on all or part of such businessMaterial Adverse Effect.

Cessation of licences. (a) The cessation, variation or imposition of limitations (for any reason) of any consent, authorisation, licence and/or exemption which is required to enable the Parent Borrower or any Subsidiary to carry on its business, or the taking by any governmental, regulatory or other authority of any action in relation to the Parent Borrower or any Subsidiary which could, in the Agent’s opinion, acting reasonably, Majority Lenders reasonably believe has or is reasonably likely to have a material adverse effect on all or part of such businessMaterial Adverse Effect.

Cessation of licences. (a) The cessation, variation or imposition of limitations (cessation for any reason) reason of any consent, authorisation, licence and/or exemption which is required to enable the Parent Borrower or any Subsidiary the Collateral Provider to carry on its business, or the taking by any governmental, regulatory or other authority of any action in relation to the Parent Borrower or any Subsidiary the Collateral Provider which could, in the Agent’s opinion, acting reasonably, has or is reasonably likely to have a material adverse effect on all or part of such businessMaterial Adverse Effect.

Cessation of licences. (a) The cessation, variation or imposition of limitations (for any reason) of any consent, authorisation, licence and/or exemption which is required to enable the Parent or any Subsidiary to carry on its business, or the taking by any governmental, regulatory or other authority of any action in relation to the Parent or any Subsidiary which could, in the Agent’s opinion, acting reasonably, Majority Lenders reasonably believe has or is reasonably likely to have a material adverse effect on all or part of such businessMaterial Adverse Effect.

Cessation of licences. (a) The cessation, variation or imposition of limitations (for any reason) of any consent, authorisation, licence and/or exemption which is required to enable the Parent Borrower or any Subsidiary to carry on its business, or the taking by any governmental, regulatory or other authority of any action in relation to the Parent Borrower or any Subsidiary which could, in the AgentLender’s opinion, acting reasonably, have a material adverse effect on all or part of such business.