Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless: (i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and (ii) such transaction would not have a Material Adverse Effect.
Appears in 6 contracts
Samples: Bond Agreement, Bond Agreement, Bond Agreement (Ship Finance International LTD)
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company Companies shall, be entitled to sell or otherwise dispose of all or a substantial part of the Group’s aggregate assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 5 contracts
Samples: Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay Offshore Partners L.P.), Bond Agreement (Teekay Offshore Partners L.P.)
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s 's assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would does not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Bond Agreement, Bond Agreement, Bond Agreement
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company Companies shall, be entitled to sell or otherwise dispose of all or a substantial part of the Group’s aggregate assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) operations if such transaction would not have a Material Adverse Effect.
Appears in 4 contracts
Samples: Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay LNG Partners L.P.), Bond Agreement (Teekay Corp)
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company Subsidiary shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Bond Agreement (Ship Finance International LTD), Bond Agreement (North Atlantic Drilling Ltd.)
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) if such transaction would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Bond Agreement (Golar LNG Partners LP), Bond Agreement (Golar LNG Partners LP)
Disposal of business. The Issuer shall not, and it shall procure ensure that no other Group Company Subsidiary shall, sell or otherwise dispose of all or a substantial part of the Groupits or that Subsidiary’s assets or operationsoperations to any person not being a member of the Group, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 2 contracts
Samples: Bond Agreement, Bond Agreement (Pacific Drilling S.A.)
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, not be entitled to sell or otherwise dispose (which for purposes hereof shall include issue(s) of shares in Subsidiaries to a third party) of all or a substantial part of the Group’s its assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, not be entitled to sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company Subsidiary shall, sell or otherwise dispose of all or a substantial part of the Group’s 's assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(ia) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(iib) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s aggregate assets or operations, unless:
(ia) the transaction is carried out at fair market value, on terms and conditions customary for such transactionsas determined in good faith by the board of directors of the Issuer; and
(iib) such transaction would not reasonably be expected to have a Material Adverse Effect.
Appears in 1 contract
Disposal of business. The Issuer shall not, and shall procure ensure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) if such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
: (i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
and (ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operationsoperations to any person not being a member of the Group, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s assets or operations, unless:
(i) the transaction is carried earned out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s 's assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect. Airleasing Transactions shall not constitute a sale or a disposal for the purpose of this Clause 13.3(e).
Appears in 1 contract
Samples: Amendment and Restatement Agreement
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shallCompany, sell or otherwise dispose of all or a substantial part of the Group’s aggregated assets or operations, unless:
(i) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(ii) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement
Disposal of business. The Issuer shall not, and shall procure that no other Group Company shall, sell or otherwise dispose of all or a substantial part of the Group’s 's assets or operations, unless:
(ia) the transaction is carried out at fair market value, on terms and conditions customary for such transactions; and
(iib) such transaction would not have a Material Adverse Effect.
Appears in 1 contract
Samples: Bond Agreement