Common use of Dutch Works Council Act Clause in Contracts

Dutch Works Council Act. At the Closing Date and at the time of delivery of each Borrowing Base Certificate, all requirements under the Dutch Works Councils Act have been complied with by each Dutch Credit Party and no advice is required to be sought from any other works council in the group of companies with which any of the Dutch Credit Parties forms a group in respect of the Transaction and the transactions contemplated thereby.

Dutch Works Council Act. At the Closing Restatement Effective Date and at the time of delivery of each Borrowing Base Certificate, all requirements under the Dutch Works Councils Act have been complied with by each Dutch Credit Party and no advice is required to be sought from any other works council in the group of companies with which any of the Dutch Credit Parties forms a group in respect of the Transaction and the transactions contemplated thereby.