Irish Terms. In this Agreement, where it relates to an Irish Loan Party a reference to “inability to pay its debts” will be deemed to mean inability to pay its debts within the meaning of Section 509(3) or Section 570(d) of the Irish Companies Act; and the term “examiner” shall have the meaning given to it in Section 508(1) of the Irish Companies Act and the term “examinership” shall be construed in accordance with the Irish Companies Act.
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Samples: Financing Agreement (Biohaven Pharmaceutical Holding Co Ltd.), Financing Agreement (Biohaven Pharmaceutical Holding Co Ltd.)
Irish Terms. In this Agreement, where it relates to an Irish Loan Party Party, a reference to to:
(a) “inability to pay its debts” will be deemed to mean inability to pay its debts within the meaning of Section 509(3) or Section section 570(d) of the Irish Companies Act; and and
(b) the term “examiner” shall have the meaning given to it in Section 508(1) of the Irish Companies Act and the term “examinership” shall be construed in accordance with the Irish Companies Act.”
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Irish Terms. In this Agreement, where it relates to an Irish Loan Party Note Party, a reference to to:
(a) “inability unable to pay its debts” will be deemed to mean inability unable to pay its debts within the meaning of Section 509(3) or Section 570(d) of the Irish Companies Act; and and
(b) the term “examiner” shall have the meaning given to it in Section 508(1) of the Irish Companies Act and the term “examinership” shall be construed in accordance with the Irish Companies Act.
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