Curtailment of Business. if the business of any of the Security Parties is wholly or materially curtailed by any intervention by or under authority of any government, or if all or a substantial part of the undertaking, property or assets of any of the Security Parties is seized, nationalised, expropriated or compulsorily acquired by or under authority of any government or any Security Party disposes or threatens to dispose of a substantial part of its business or assets; or
Appears in 16 contracts
Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Secured Credit Facility (Teekay Offshore Partners L.P.)
Curtailment of Business. if If the business of any of the Security Parties is wholly or materially curtailed by any intervention by or under authority of any government, or if all or a substantial part of the undertaking, property or assets of any of the Security Parties is seized, nationalised, expropriated or compulsorily acquired by or under authority of any government or any Security Party disposes or threatens to dispose of a substantial part of its business or assets; or
Appears in 10 contracts
Samples: Loan Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.), Loan Agreement
Curtailment of Business. if the business of any of the Security Parties is wholly or materially partially curtailed by any intervention by or under authority of any government, or if all or a substantial part of the undertaking, property or assets of any of the Security Parties is seized, nationalised, expropriated or compulsorily acquired by or under authority of any government or any Security Party disposes or threatens to dispose of a substantial part of its business or assets; or
Appears in 2 contracts
Samples: Loan Facility Agreement (Stolt Offshore S A), Loan Agreement (Stolt Comex Seaway S A)
Curtailment of Business. if the business of any of the Security Parties is wholly or materially partially curtailed or suspended by any intervention by or under authority of any government, or if all or a substantial part of the undertaking, property or assets of any of the Security Parties is seized, nationalised, expropriated or compulsorily acquired by or under authority of any government or any Security Party disposes or threatens to dispose of a substantial part of its business or assetsgovernment; or
Appears in 2 contracts
Samples: Loan Facility Agreement (Arlington Tankers Ltd.), Secured Loan Facility Agreement (Euroseas Ltd.)
