Loans or credit. (a) No Obligor shall (and the Parent Guarantor shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness. (b) Section 9.16(a) does not apply to a Permitted Loan.
Appears in 3 contracts
Samples: Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC)
Loans or credit. (a) No Obligor shall (and the Parent Guarantor Company shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(aClause 26.15(a) does not apply to a Permitted Loan.
Appears in 3 contracts
Samples: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)
Loans or credit. (a) No Obligor shall (and the Parent Guarantor Company shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(aClause 26.15(a) does not apply to a Permitted LoanLoan or a Permitted Transaction.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)
Loans or credit. (a) No Obligor shall (and the Parent Guarantor Company shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(aParagraph (a) above does not apply to a Permitted Loan.
Appears in 2 contracts
Samples: Facility Agreement (Solutia Inc), Facility Agreement (Solutia Inc)
Loans or credit. (a) No Obligor shall (and the Parent Guarantor shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(aClause 24.19(a) does not apply to a Permitted LoanLoan or a Permitted Transaction.
Appears in 1 contract
Samples: Amendment and Restatement Agreement (Sunrise Senior Living Inc)
Loans or credit. (a) No Obligor shall (and the Parent Guarantor shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(a) does not apply to a Permitted LoanLoan or a Permitted Transaction.
Appears in 1 contract
Loans or credit. (a) No Except as permitted under clause 19.10(b) below, no Obligor shall (and the Parent Guarantor Company shall ensure that no other member of the Group will) be a creditor in respect of any Financial Indebtedness.
(b) Section 9.16(aClause 19.10(a) above does not apply to a Permitted LoanLoan or a Permitted Transaction.
Appears in 1 contract
Samples: Backstop Facility Agreement
Loans or credit. (a) No Obligor shall (and the Parent Guarantor Company shall ensure that no member of the Group willshall) be a creditor in respect of any Financial IndebtednessIndebtedness except in relation to any Permitted Loan or Permitted Reorganisation.
(b) Section 9.16(aParagraph (a) above does not apply to upon or following a Permitted LoanFlotation.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Markit Ltd.)
Loans or credit. (a) No 27.17.1 Except as permitted under Clause 27.17.2 below, no Obligor shall (and the Parent Guarantor Company shall ensure that no member of the Group will) be a creditor in respect of any Financial Indebtedness.
27.17.2 Clause 27.17.1 above does not apply to:
(a) a Permitted Loan; or
(b) Section 9.16(a) does not apply to a Permitted LoanTransaction.
Appears in 1 contract
