Cessation or Change of Business. 15.15.1. The Borrower or XXX ceases to carry on all, or a substantial part of, its respective business as contemplated on the Original Agreement Date for a period of 30 (thirty) or more consecutive days.
15.15.2. The investment (directly or indirectly) in real-estate ceases to be the primary business of XXX.
15.15.3. The value of all income producing real estate ceases at any time to comprise more than 50% (fifty percent) of the total assets of the Borrower (as appearing in the balance sheet in the Borrower’s quarterly or annual financial statements).
Cessation or Change of Business. The Borrower or any Material Subsidiary ceases, or threatens to cease, to carry on the whole of its business or a part of its business which is material in the context of the Borrower and the Material Subsidiaries (taken as a whole) except as a result of any disposal or other transaction allowed under this Agreement.
Cessation or Change of Business. If a substantial part of the Borrower’s assets or those of any of the Guarantors or a substantial business line were sold or transferred or if the Borrower or any of the Guarantors were to suspend, cease or announce the suspension or cessation of their primary business or modify it substantially or agree to a dissolution or liquidation.
Cessation or Change of Business. There is any change in the business of any Obligor from that carried on at the Signing Date which is, in the opinion of the Lenders, reasonably likely to have a Material Adverse Effect.
Cessation or Change of Business. Any Obligor ceasing all or a majority of its business, or any material change occurring in such business, or any Obligor losing the permit in connection with its business, or the competent governmental authority approving invalidation thereof, shall be deemed that the business ceases or a material change occurs to the business.
Cessation or Change of Business. (a) The Borrower or any of the Guarantors ceases, or threatens to cease, to carry on all or a substantial part of its business (except in case of transfer and/or assignment of such business or any substantial part thereof to the Borrower and/or to any other Guarantor – in compliance with the terms of this Agreement) ; or
(b) The Borrower or any of the Guarantors makes, or threatens to make, any substantial change in the scope, purpose or nature of their business or operations.
Cessation or Change of Business. 15.15.1. The Borrower or XXX ceases to carry on all, or a substantial part of, its respective business as contemplated on the Original Agreement Date for a period of 30 (thirty) or more consecutive days.
15.15.2. The investment (directly or indirectly) in real-estate ceases to be the primary business of XXX.
15.15.3. The value of all income producing real estate ceases at any time to comprise more than 50% (fifty percent) of the total assets of the Borrower (as appearing in the balance sheet in the Borrower’s quarterly or annual financial statements).
15.15.4. The Borrower shall, at any time that any shares of FCR are pledged in favour of the Security Trustee under the Finance Documents, cease to control FCR.
Cessation or Change of Business. If the Borrower ceases or threatens to cease or carry on its business.
Cessation or Change of Business. (i) The Borrower changes the general nature of its business from that which is permitted as a non- banking financial company – micro finance institution registered with the RBI.
(ii) If the Borrower ceases or threatens to cease or carry on its business.
Cessation or Change of Business. Save as permitted under this Agreement, any Obligor or Senior Obligor (i) ceases to carry on all or a substantial part of its business, (ii) changes all or a substantial part of its business, or (iii) agrees to effect its dissolution or liquidation. The Parties expressly acknowledge that a Merger between Obligors or Senior Obligors or the capital in kind of Telecinco to be subscribed by Sogecable through the delivery to Telecinco of all the shares in Sogecuatro does not constitute a cessation or change or business for the purposes of this Clause 22.11.
