Common use of Dutch Terms Clause in Contracts

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Party, a reference to: (i) a “necessary action to authorise” where applicable, includes without limitation: (a) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (b) obtaining an unconditional positive advice (advies) from the competent works council(s); (ii) “security interest” includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) or dissolution (ontbinding); (iv) a “suspension of payments” includes surseance van betaling; (v) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vi) a “liquidator” includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;

Dutch Terms. In this Agreement, Agreement where it relates to a Dutch Credit Party, Parent a reference to: : (a) a necessary corporate or other organizational action where applicable includes without limitation (i) a “necessary any action to authorise” where applicable, includes without limitation: (a) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s) if a positive advice is required pursuant to the Works Councils Act (Wet op de ondernemingsraden); , (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); , (iiic) a “winding-up, administration” up or “dissolution” dissolution includes a bankruptcy (faillissement) or dissolution (ontbinding); , (ivd) a “suspension of payments” moratorium includes surseance van betaling; betaling and a moratorium is declared or occurs includes surseance verleend, (ve) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); , (vif) a “liquidator” liquidator includes a curator or a beoogd curator; , (viig) an “administrator” administrator includes a bewindvoerder; , a beoogd bewindvoerder, a stille bewindvoerder and a herstructureringsdeskundige or an observatory, (viiih) an “attachment” attachment includes a conservatoir beslag or executoriaal beslag;, (i) gross negligence means grove xxxxxx; and (j) willful misconduct means opzet.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiic) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy Dutch entity being declared bankrupt (faillissementfailliet verklaard) or dissolution dissolved (ontbindingontbonden); (ivd) a “suspension of payments” moratorium includes surseance van betalingbetaling and a moratorium is declared or occurs includes surseance verleend; (ve) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 36(2) of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vif) a “liquidator” trustee in bankruptcy includes a curator; (viig) an “administrator” administrator includes a bewindvoerder;; and (viiih) an “attachment” attachment includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Loan Party, a reference to: (ia) a “necessary action to authorise” authorize where applicableapplicable includes, includes without limitation: , (ai) any action required to comply with the Dutch Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and and (bii) obtaining an unconditional a positive advice (positief advies) from the competent works council(s); (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiic) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy Dutch person being declared bankrupt (faillissementfailliet verklaard) or dissolution dissolved (ontbindingontbonden); (ivd) a “moratorium or suspension of payments” payments includes a surseance van betaling and granted a moratorium or suspension of payments includes surseance van betalingverleend; (ve) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity person having filed a notice under Section section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vif) a “liquidator” trustee, receiver or administrator includes a curator; (viig) an “administrator” administrator includes a bewindvoerder; (viiih) a liquidator includes a vereffenaar; (i) an “attachment” attachment includes a beslag; (j) a group includes a groep; (k) a subsidiary includes a dochtermaatschappij; (l) an affiliate includes a groepsmaatschappij; (m) a merger includes a juridische fusie, aandelenfusie and bedrijfsfusie; and (n) a director includes a bestuurder.

Dutch Terms. In this Agreement, where it relates Unless a contrary indication appears in relation to a Dutch Credit PartyBorrower or a Guarantor incorporated or existing in the Netherlands, a reference to: (i) a “necessary action to authorise” where applicable"director" means a managing director (bestuurder) in case of a company and "board of directors" means its managing board (bestuur), includes without limitation: (a) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (b) obtaining an unconditional positive advice (advies) from the competent works council(s); (ii) “security interest” includes any mortgage a "director" means its general partner (hypotheek)beherend vennoot) in case of a limited partnership, pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii) a “"winding-up, " or "administration” " or “"dissolution” " includes a bankruptcy Dutch entity being declared bankrupt (faillissementfailliet) or dissolution dissolved (ontbindingontbonden); , (iii) a "moratorium" includes surseance van betaling and "a moratorium is declared" or occurs includes surseance verleend, (iv) a “suspension of payments” includes surseance van betaling; (v) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Dutch 1990 Tax Collection Act of the Netherlands (Invorderingswet 1990); , (v) a "trustee in bankruptcy" includes a curator, (vi) a “liquidator” an administrator includes a curator; bewindvoerder, (vii) an “administrator” "attachment" includes a bewindvoerder; beslag, (viii) an “attachment” any action to approve or authorize includes where applicable any action required to comply with the Dutch Works Councils Act (Wet op de ondernemingsraden) and (ix) a beslag;"Lien" includes any mortgage (hypotheek), pledge (pandrecht) and in general any right in rem (beperkt recht) created for the purpose of granting security (goederenrechtelijk zekerheidsrecht).

Dutch Terms. In this AgreementAgreement and any other Loan Document, where it relates to a Dutch Credit Partyan entity incorporated under the laws of the Netherlands or the context so requires, a reference to: (ia) an administrator includes a bewindvoerder; (b) any step or procedure taken in connection with a insolvency proceeding includes a Dutch entity having filed a notice under Section 36 of the Dutch Tax Collection Act (Invorderingswet 1990);; (c) an attachment includes a beslag; (d) a “director means a managing director (bestuurder) and board of directors means its managing board (bestuur); (e) a liquidation or dissolution (and any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden); (f) a moratorium includes surseance van betaling; (g) an authorisation by all necessary action to authorise” corporate and, if required, stockholder action, where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of on the Netherlands works councils (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive or neutral advice (advies) from the competent works council(s); (iih) “a receiver includes a curator; and (i) a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), ) and, in general, any right in rem (beperkt recht), ) created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) or dissolution (ontbinding); (iv) a “suspension of payments” includes surseance van betaling; (v) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vi) a “liquidator” includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;.”

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, or Dutch security, a reference to: (ia) a “necessary corporate or other organizational action to authorise” where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); andand #89470657v1 (bii) obtaining an unconditional positive advice (advies) from the competent works council(s) if a positive advice is required pursuant to the Dutch Works Councils Act (Wet op de ondernemingsraden); (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiic) a “winding-up, administration” or “dissolution” dissolution (and any of those terms) includes a bankruptcy Dutch entity being dissolved (faillissement) or dissolution (ontbindingontbonden); (ivd) a “suspension of payments” moratorium includes surseance van betaling; (ve) any “step” step or “procedure” procedure taken in connection with insolvency proceedings or a Dutch entity becoming unable or admitting in writing its inability to pay its debts includes a Dutch entity having filed a notice under Section 36 of the Dutch Tax Collection Act of the Netherlands (Invorderingswet 1990); (vif) a “liquidator” receiver includes a curator; (viig) an “administrator” administrator includes a bewindvoerder;bewindvoerder as well as a stille bewindvoerder and beoogd curator (viiih) an “attachment” attachment includes a beslag;; and (i) a merger includes a juridische fusie.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit PartyPerson organized under the laws of The Netherlands, a reference to: (ia) a “necessary action to authorise” authorize where applicable, includes without limitation: (ai) any action required to comply with the Dutch Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the each competent works council(s)council; (iib) “security interest” gross negligence means grove xxxxxx; (c) a Lien includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht)rem, created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiid) wilful misconduct means opzet; (e) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) administration or dissolution includes in each case a Dutch Person being: (ontbindingi) declared bankrupt (faillet verklaard); or (ii) being dissolved (ontbonden); (ivf) a “suspension of payments” moratorium includes surseance van betalingbetaling and granted a moratorium includes surseance verleend; (vg) any “step” step or “procedure” taken procedure take in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section section 36 of the 1990 Dutch Tax Collection Act of the Netherlands (Invorderingswet 1990); (vih) a “liquidator” receiver or trustee in bankruptcy includes in each case a curator; (viii) an “administrator” administrator includes a bewindvoerder;; and (viiij) an “attachment” attachment includes a beslag;.

Dutch Terms. Dutch terms. In this Agreement, where it relates to a Dutch Credit PartyLoan Party incorporated in the Netherlands, a reference to: (i: a) the Netherlands means the European part of the Kingdom of The Netherlands and Dutch means in or of the Netherlands. b) a “necessary action to authorise” where applicableproperty means a property that is owned or acquired by way of freehold ownership (eigendom), includes without limitation: Groundlease, right of superficies (aopstalrecht) any action required to comply with the Works Councils Act of the Netherlands or condominium right (Wet op de ondernemingsradenappartementsrecht); and (bc) obtaining an unconditional positive advice (advies) from the competent works council(s); (ii) “a security interest” interest or security includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii; d) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy (faillissement) or dissolution (ontbinding); (iv; e) a “suspension of payments” moratorium includes surseance van betaling; (vbetaling and a moratorium is declared or occurs includes surseance verleend; f) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vibankruptcy and moratorium; g) a “liquidator” receiver or an administrative receiver includes a curator or bewindvoerder; h) a liquidator includes a curator or a beoogd curator; (vii; i) an “administrator” administrator includes a bewindvoerder or a stille bewindvoerder; (viii; j) an “attachment” includes a beslag;negligence means nalatigheid; 17

Dutch Terms. In this Agreement, where it relates to a reference used in connection with a Dutch Credit PartyObligor or any Finance Document or other document, to which any Dutch Obligor is a reference party, to: (ia) a “necessary action to authorise” , where applicable, includes without limitation: (ai) any action required to comply with the Dutch Works Councils Council Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the each competent works council(scouncil; (b) a winding-up, administration or dissolution includes a Dutch entity being: (i) declared bankrupt (failliet verklaard); or (ii) dissolved (ontbonden); (iic) “security interest” a moratorium includes surséance van betaling and granted a moratorium includes surséance verleend; (d) a trustee in bankruptcy includes a curator; (e) an administrator includes a bewindvoerder; (f) a receiver or an administrative receiver does not include a curator or bewindvoerder; (g) an attachment includes a beslag; and (h) a Security includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), retention right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) or dissolution (ontbinding); (iv) a “suspension of payments” includes surseance van betaling; (v) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vi) a “liquidator” includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (b) financial assistance means any act contemplated by: (i) (for a besloten vennootschap) Article 2:207(c) of the Dutch Civil Code; or (ii) “(for a naamloze vennootschap) Article 2:98(c) of the Dutch Civil Code; (c) a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt beperkte recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiii) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy Dutch entity being declared bankrupt (faillissementfailliet verklaard) or dissolution dissolved (ontbindingontbonden); (ivi) a “suspension of payments” moratorium includes surseance surséance van betalingbetaling and granted a moratorium includes surséance verleend; (vii) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 16d of the Social Insurance Co-ordination Act of the Netherlands (Coördinatiewet Sociale Verzekeringen); (viiii) a “liquidator” trustee in bankruptcy includes a curator; (viiiv) an “administrator” administrator includes a bewindvoerder;; and (viiiv) an “attachment” attachment includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (b) financial assistance means any act contemplated by: (i) (for a besloten vennootschap met beperkte aansprakelijkheid) Article 2:207(c) of the Dutch Civil Code; or (ii) “security interest” (for a naamloze vennootschap) Article 2:98(c) of the Dutch Civil Code; (c) a Security includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiii) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy Dutch entity being declared bankrupt (faillissementfailliet verklaard) or dissolution dissolved (ontbindingontbonden); (ivii) a “suspension of payments” moratorium includes surseance van betalingbetaling and a moratorium is declared or occurs includes surseance verleend; (viii) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (viiv) a “liquidator” trustee in bankruptcy includes a curator; (viiv) an “administrator” administrator includes a bewindvoerder;; and (viiivi) an “attachment” attachment includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s) (if any), or, if such advice is not unconditional, confirmation by the relevant Dutch Obligor that (i) the conditions set by the competent works council(s) are and will be complied with, and (ii) such compliance will not have a Material Adverse Effect; (b) financial assistance means any act contemplated by: (i) (for a besloten vennootschap) Article 2:207(c) of the Dutch Civil Code; and (ii) “(for a naamloze vennootschap) Article 2:98(c) of the Dutch Civil Code; (c) gross negligence means grove xxxxxx; (d) negligence means xxxxxx; (e) a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt beperkte recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiif) wilful misconduct means opzet; (i) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) administration or dissolution (ontbindingand any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden); (ivii) a “suspension of payments” moratorium includes surseance surséance van betalingbetaling and granted a moratorium includes surséance verleend; (v) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vi) a “liquidator” includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (b) financial assistance means any act contemplated by: (i) (for a besloten vennootschap) Article 2:207(c) of the Dutch Civil Code; or (ii) “(for a naamloze vennootschap) Article 2:98(c) of the Dutch Civil Code; (c) a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt beperkte recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiii) a “winding-up, administration” administration or “dissolution” dissolution includes a bankruptcy Dutch entity being declared bankrupt (faillissementfailliet verklaard) or dissolution dissolved (ontbindingontbonden); (ivii) a “suspension of payments” moratorium includes surseance surséance van betalingbetaling and granted a moratorium includes surséance verleend; (viii) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 60 of the Social Insurance Financing Act of the Netherlands (Wet Financiering Sociale Verzekeringen) in conjunction with Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (viiv) a “liquidator” trustee in bankruptcy includes a curator; (viiv) an “administrator” administrator includes a bewindvoerder;; and (viiivi) an “attachment” attachment includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, or Dutch security, a reference to: (ia) a “necessary corporate or other organizational action to authorise” where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s) if a positive advice is required pursuant to the Dutch Works Councils Act (Wet op de ondernemingsraden); (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiic) a “winding-up, administration” or “dissolution” dissolution (and any of those terms) includes a bankruptcy Dutch entity being dissolved (faillissement) or dissolution (ontbindingontbonden); (ivd) a “suspension of payments” moratorium includes surseance van betaling; (ve) any “step” step or “procedure” procedure taken in connection with insolvency proceedings or a Dutch entity becoming unable or admitting in writing its inability to pay its debts includes a Dutch entity having filed a notice under Section 36 of the Dutch Tax Collection Act of the Netherlands (Invorderingswet 1990); (vif) a “liquidator” receiver includes a curator; (viig) an “administrator” administrator includes a bewindvoerder;bewindvoerder as well as a stille bewindvoerder and beoogd curator (viiih) an “attachment” attachment includes a beslag;; and (i) a merger includes a juridische fusie.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “duly authorised by all necessary corporate action to authorise” where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (iib) “a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) up or dissolution (ontbindingand any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden); (iv) a “suspension of payments” includes surseance van betaling; (vii) any “step” or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 16d of the Social Insurance Co-ordination Act of the Netherlands (Coördinatiewet Sociale Verzekeringen);; and (viiii) a “liquidator” trustee in connection with insolvency proceedings includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Partyentity, a reference to: (ia) a “necessary action to authorise” authorise where applicable, includes without limitation: (ai) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (bii) obtaining an unconditional positive advice (advies) from the competent works council(s); (b) financial assistance means any act contemplated by: (i) (for a besloten vennootschap) Article 2:207(c) of the Dutch Civil Code; or (ii) “(for a naamloze vennootschap) Article 2:98(c) of the Dutch Civil Code; (c) a security interest” interest includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), privilege (voorrecht), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt beperkte recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iiii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) administration or dissolution (ontbindingand any of those terms) includes a Dutch entity being declared bankrupt (failliet verklaard) or dissolved (ontbonden); (ivii) a “suspension of payments” moratorium includes surseance surséance van betalingbetaling and granted a moratorium includes surséance verleend; (viii) any “step” step or “procedure” procedure taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990) or Section 16d of the Social Insurance Co-ordination Act of the Netherlands (Coördinatiewet Sociale Verzekeringen); (viiv) a “liquidator” trustee in bankruptcy includes a curator; (viiv) an “administrator” administrator includes a bewindvoerder;; and (viiivi) an “attachment” attachment includes a beslag;.

Dutch Terms. In this Agreement, where it relates to a Dutch Credit Party, a reference to: (i) a “necessary action to authorise” where applicable, includes without limitation: (a) (A) any action required to comply with the Works Councils Act of the Netherlands (Wet op de ondernemingsraden); and (b) (B) obtaining an unconditional positive advice (advies) from the competent works council(s); (ii) “security interest” includes any mortgage (hypotheek), pledge (pandrecht), retention of title arrangement (eigendomsvoorbehoud), right of retention (recht van retentie), right to reclaim goods (recht van reclame), and, in general, any right in rem (beperkt recht), created for the purpose of granting security (goederenrechtelijk zekerheidsrecht); (iii) a “winding-up, administration” or “dissolution” includes a bankruptcy (faillissement) or dissolution (ontbinding); (iv) a “suspension of payments” includes surseance van betaling; (v) any “step” or “procedure” taken in connection with insolvency proceedings includes a Dutch entity having filed a notice under Section 36 of the Tax Collection Act of the Netherlands (Invorderingswet 1990); (vi) a “liquidator” includes a curator; (vii) an “administrator” includes a bewindvoerder; (viii) an “attachment” includes a beslag;