Most Favoured Nation. In all matters relating to the treatment of investments the investors of each Contracting Party shall enjoy most-favoured- nation treatment in the territory of the other Party.
Most Favoured Nation. The Corporation agrees that if the Corporation enters into any indemnity agreement or similar arrangement with any person who is, or becomes, a director or officer of the Corporation or a director, officer or similar capacity of an Entity at the Corporation’s request, and such agreement or arrangement contains any provision which is more favourable to the other party to such agreement than the provisions of this Agreement are to the Indemnified Party then, and in each such case, the Corporation shall provide written notice of such provision to the Indemnified Party (which shall include a copy of such provision). Upon such notice, unless the Indemnified Party elects otherwise within five (5) days of receipt of such notice, this Agreement shall be deemed to be amended to conform the provisions of this Agreement to such more favourable provision.
Most Favoured Nation. In the event the Company issues any additional securities on terms more favourable than those contained in this Deed while the Notes remain outstanding, the Company shall promptly, and in any event within 5 Business Days after the date of issuance of such additional securities, give notice to the Noteholders of such issuance and shall provide equivalent rights to the Noteholders with respect to the Notes (with appropriate adjustment for economic terms or other contractual rights acceptable to the Major Noteholder). This Deed has been executed as a deed and is delivered and takes effect on the date stated at the beginning of it. Created and issued pursuant to a resolution of the board of directors of the Company passed on [DATE]. THIS IS TO CERTIFY THAT [NAME OF NOTEHOLDER] is the registered holder (“Noteholder”) of US$[AMOUNT] of the US$[AMOUNT] fixed rate unsecured loan notes 2027 and PIK Notes constituted by a Deed entered into by the Company on [DATE] (“Deed”). Such Notes are issued with the benefit of and subject to the provisions contained in the Deed and the Conditions endorsed on or annexed to this Certificate.
Most Favoured Nation. 1. The treatment and protection referred to in this Agreement shall at least be equal to those enjoyed by investors of a third State and shall in no case be less favourable than those recognized under international law.
2. However, such treatment and protection shall not cover the privileges granted by one Contracting Party to the investors of a third State pursuant to its participation in or association with a free trade zone, a customs union, a common market or any other form of regional economic organization, or by virtue of an agreement on the avoidance of double taxation or any other agreement in tax matters.
Most Favoured Nation. (MFN) clause
1. The Parties reaffirm their commitment with regard to the enabling clause.
2. The European Union Party shall grant the West Africa Party any more favourable tariff treatment that it grants to a third Party if the European Union Party becomes party to a preferential agreement with the third Party in question after the signing of this Agreement.
3. The West Africa Party shall grant the European Union Party any more favourable tariff that it grants after the signing of this Agreement to a trade partner other than the countries of Africa and the ACP States having both a share of world trade in excess of 1.5 per cent and an industrialisation rate, measured as the ratio of manufacturing value added to Gross Domestic Product (GDP), in excess of 10 per cent in the year preceding the entry into force of the preferential agreement referred to in this paragraph. If the preferential agreement is signed with a group of countries acting individually, collectively or through a free trade agreement, this threshold relating to the share of world trade shall be 2 per cent. For calculation purposes, the official data of the WTO shall be used for the main world exporters of goods (excluding trade within the European Union) and that of the United Nations Industrial Development Organisation (UNIDO) for manufacturing value added..
4. If the West Africa Party obtains from the trade partner referred to in paragraph 3 of this Article substantially more favourable treatment than that offered by the European Union Party, the Parties shall consult each other and decide together on the implementation of the provisions in that paragraph 3.
5. The Parties agree to resolve any dispute concerning the interpretation or application of this Article by entering into consultations in good faith with the aim of reaching an agreed solution.
6. The provisions of this Chapter cannot be interpreted as requiring the Parties to mutually grant each other preferential treatment that would be applicable owing to one of the Parties being signatory to a preferential agreement with a third Party on the date on which this Agreement enters into force.
Most Favoured Nation. 1. In all matters governed by this Agreement, investors of each Contracting Party shall, in the territory of the other contracting party, the most favoured nation treatment. this treatment shall in no case be less favourable than that recognised by international law.
2. However, this treatment shall not extend to the privileges which one Contracting Party agrees to investors of a third State by virtue of:
a) Its participation in or association of a free trade area, customs union, Common Market or any other form of international economic organization;
b) An agreement for the avoidance of double taxation or other tax convention.
Most Favoured Nation. In the event that and each time that the Guarantor agrees to, or grants, or agrees to grant, any financial covenants to, for the benefit of, or in favour of, any lender or creditor of any indebtedness of the Guarantor (the "more favourable rights"), which are in any respect more favourable to such lender or creditor than the provisions of Clause 11.21 relating to the financial condition of the Guarantor (the "Financial Condition Provisions") are for the Creditor Parties, the Guarantor undertakes and agrees with the Creditor Parties: (a) to notify the Agent within five days after the granting of or any agreement to grant (as the case may be) such more favourable rights; (b) without prejudice to paragraph (c) below, within thirty (30) days after the date when such more favourable rights have been agreed or granted, to agree to, provide and grant, such more favourable rights also in favour of the Agent under or in connection with this Agreement, by entering into such documentation as the Agent shall reasonably require, immediately after the Creditor Parties' request to the Guarantor; and (c) notwithstanding paragraph (b) above, that any such more favourable rights shall in any event apply to this Agreement automatically from the time they are granted to the other lenders or creditors, and irrespective of whether the Guarantor has complied with its obligations under the Financial Condition Provisions, except if the Agent at any time advises the Guarantor that such or certain of such more favourable rights will not so apply and always without prejudice to the terms and conditions of this Agreement and the other Finance Documents.
Most Favoured Nation. The Parent Guarantor undertakes to procure that the Lender shall receive equal treatment with creditors under any other financing which the Parent Guarantor or any of its Subsidiaries have entered or will enter into in relation to any financial or other covenant which the Parent Guarantor provides. Accordingly, should the Parent Guarantor provide to any other creditor additional or more favourable financial or other covenants than those which the Lender has been provided under this or any other Finance Document, the Parent Guarantor shall promptly notify the Lender in writing and give to the Lender a reasonably detailed description of those financial or other covenants and shall, within 15 Business Days from notifying the Lender, enter into such documentation supplemental to the Finance Documents as the Lender may require in order to achieve parity with the lender or (as applicable) lenders under such other financing.
Most Favoured Nation. (1) The treatment accorded to the investors of either Contracting Party in the territory of the other Contracting Party shall not be less favourable than that accorded to the investments by investors of any third State.
(2) The treatment accorded to the activities associated with investments by investors of either Contracting Party in the territory of the other Contracting Party shall not be less favourable than that accorded to the activities associated with investments by investors of any third State.
Most Favoured Nation. 3.2.1 In the event that the Company proposes subsequent arrangements for the issue of additional advance subscription agreements or other convertible instruments (including, but not limited to, convertible loan notes) to third parties that are on more favourable terms than those contained in this Agreement, then (i) the Company shall notify the Subscriber of such proposed arrangements prior to entering into such agreements and/or issuing such instruments; and (ii) the Subscriber shall, at its option, be entitled to have those more favourable terms applied to the Advance Subscription Funds and this Agreement shall be amended accordingly. For the avoidance of doubt, this clause 3.2.1 shall not apply to a Non-Qualified Financing where the Subscriber has elected not to convert its Advanced Subscription Funds into Conversion Shares.
