De-mergers. The Issuer shall not carry out any de-merger or other corporate reorganization involving splitting the Issuer into two or more separate companies or entities, if such transaction would have a Material Adverse Effect. The Issuer shall notify the Bond Trustee of any such transaction, providing relevant details thereof, as well as, if applicable, its reasons for believing that the proposed transaction would not have a Material Adverse Effect.
Appears in 5 contracts
Samples: Bond Agreement, Bond Agreement (Ship Finance International LTD), Bond Agreement (Ship Finance International LTD)
De-mergers. The Issuer shall not not, and shall ensure that no Group Company shall, carry out any de-merger or other corporate reorganization involving splitting the Issuer any Group Company into two or more separate companies or entities, if such transaction would have a Material Adverse Effect. The Issuer shall notify the Bond Trustee of any such transaction, providing relevant details thereof, as well as, if applicable, its reasons for believing that the proposed transaction would not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay Offshore Partners L.P.)
De-mergers. The Issuer shall not not, and shall ensure that no Group Company shall, carry out any de-merger demerger or other corporate reorganization involving splitting the Issuer any Group Company into two or more separate companies or entities, if such transaction would have a Material Adverse Effect. The Issuer shall notify the Bond Trustee of any such transaction, providing relevant details thereof, as well as, if applicable, its reasons for believing that the proposed transaction would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Bond Agreement (Teekay Corp), Bond Agreement (Teekay Offshore Partners L.P.)
De-mergers. The Issuer shall not not, and shall ensure that no Subsidiary shall, carry out any de-de- merger or other corporate reorganization involving splitting the Issuer or any Subsidiary into two or more separate companies or entities, if such transaction would have a Material Adverse Effect. The Issuer shall notify the Bond Trustee of any such transaction, providing relevant details thereof, as well as, if applicable, its reasons for believing that the proposed transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
