Common use of Dutch Terms Clause in Contracts

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (i) a necessary action to authorise, where applicable, includes without limitation: (A) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (B) obtaining unconditional positive advice (advies) from each competent works council; (ii) a winding-up, administration or dissolution includes a Dutch entity being: (A) declared bankrupt (failliet verklaard); (B) dissolved (ontbonden); (iii) a moratorium includes (voorlopige) surséance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend; (iv) a trustee in bankruptcy includes a curator; (v) an administrator includes a bewindvoerder; (vi) a Receiver or an administrative receiver does not include a curator or bewindvoerder; and (vii) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes includes, without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a A necessary action to authoriseauthorize, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entityGuarantor, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity Guarantor being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and voorlopige surseance van betaling and granted a moratorium includes (voorlopige) surséance surseance van betaling verleend and voorlopige surceance van betaling verleend; (ivd) a trustee in bankruptcy liquidator includes a curator; (v) an administrator includes curator and a bewindvoerder; (vi) a Receiver or an administrative receiver does not include a curator or bewindvoerder; and (viie) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entityObligor, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity Obligor being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and voorlopige surseance van betaling and granted a moratorium includes (voorlopige) surséance surseance van betaling verleend and voorlopige surceance van betaling verleend; (ivd) a trustee in bankruptcy liquidator includes a curator; (v) an administrator includes curator and a bewindvoerder; (vi) a Receiver or an administrative receiver does not include a curator or bewindvoerder; and (viie) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorisecorporate or other organizational action, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration bankruptcy or dissolution insolvency includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator;, (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; , and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Councils Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-winding up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleendbetaling; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, authorise where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Councils Act (Wet op de ondernemingsraden); and (Bii) obtaining an unconditional positive advice (advies) from each the competent works councilcouncil(s); (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver or an administrative a(n) (administrative) receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorisecorporate or other organizational action, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration bankruptcy or dissolution insolvency includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a beslag (including both a conservatoir beslag or executoriaal and an executorial beslag).

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes includes, without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.. 169836-4-16896-v10.0 - 25 - 66-40580427

Dutch Terms. In this AgreementContract, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-upwinding‑up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden);; Table of Contents (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes (voorlopige) surséance van betaling surseance verleend; (ivd) a trustee in bankruptcy liquidator includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a TP Dutch entityHoldings, a reference to: to (ia) a necessary action to authorise, authorize where applicable, includes without limitation: : (Ai) any action required requires to comply with the Dutch Works Council Councils Act (Wet op de ondernemingsraden); and and (Bii) obtaining an unconditional positive advice (advies) from each the competent works council; council(s); (iib) gross negligence means grove xxxxxx; (c) willful misconduct means opzet; (d) a winding-up, administration or dissolution includes a Dutch entity being: (A) declared bankrupt (failliet verklaard); (B) being dissolved (ontbonden); ; (iiie) a moratorium includes (voorlopige) surséance surseance van betaling and granted a moratorium includes surseance verleend; (voorlopigef) surséance van betaling verleend; any step or procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the 1990 Dutch Tax Collection Act (ivInvorderingswet 1990); (g) a trustee in bankruptcy receiver includes a curator; ; (vh) an administrator includes a bewindvoerder; ; and (vi) a Receiver or an administrative receiver does not include a curator or bewindvoerder; and (viii) an attachment includes a conservatoir beslag or executoriaal beslag.

Dutch Terms. In this Agreement, where it relates to a Dutch entity, a reference to: (ia) a necessary action to authorise, where applicable, includes without limitation: (Ai) any action required to comply with the Dutch Works Council Act (Wet op de ondernemingsraden); and (Bii) obtaining unconditional positive advice (advies) from each competent works council; (iib) a winding-up, administration or dissolution includes a Dutch entity being: (Ai) declared bankrupt (failliet verklaard); (Bii) dissolved (ontbonden); (iiic) a moratorium includes (voorlopige) surséance van betaling and granted a moratorium includes (voorlopige) surséance van betaling verleend;; 118798-4-1-v6.0 - 27 - 70-40539524 (ivd) a trustee in bankruptcy includes a curator; (ve) an administrator includes a bewindvoerder; (vif) a Receiver receiver or an administrative receiver does not include a curator or bewindvoerder; and (viig) an attachment includes a conservatoir beslag or executoriaal beslag.