Common use of Dormant Subsidiaries Clause in Contracts

Dormant Subsidiaries. The Borrower shall not (and shall ensure no member of the Group shall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider in accordance with clause 26.2 (Additional Security Providers). Restrictions on dealing with assets and Security

Dormant Subsidiaries. The Borrower shall not (and shall ensure no member of the Group shall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider in accordance with clause 26.2 (Additional Security Providers). Restrictions on dealing with assets and Security.

Dormant Subsidiaries. The Borrower No Obligor shall not (and the Company shall ensure that no member of the Group shallwill) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider Guarantor in accordance with clause 26.2 Clause 31.2 (Additional Security ProvidersGuarantors). Restrictions on dealing with assets and Security.

Dormant Subsidiaries. The Borrower shall not (and shall ensure no member of the Group shall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Security Provider in accordance with clause 26.2 (Additional Security ProvidersProvider). Restrictions on dealing with assets and Security