Nationalization. If the authority of any Obligor to conduct its business is cancelled or wholly or substantially curtailed by any seizure, nationalization, expropriation, intervention, restriction, compulsory acquisition or other action by or on behalf of any Governmental Authority and which cancellation, seizure, nationalization, expropriation, intervention, restriction, compulsory acquisition or other action has or could reasonably be expected to result in a Material Adverse Effect;
Nationalization. The confiscation, expropriation or nationalization by any governmental authority to which the Company or a Subsidiary is subject of any material property or assets of the Company or its Subsidiaries, taken as a whole; or
Nationalization. All or any part of the interest of Holdings or any of its Subsidiaries in any Oil and Gas Property (or any Hydrocarbons or revenues or other monies arising in respect of it) is (a) nationalized, expropriated, compulsorily acquired or seized by any Governmental Authority, or (b) any such Governmental Authority takes, or officially announces it will take, any step with a view to any of the foregoing and in either case such action is reasonably likely to result in a Material Adverse Effect; or
Nationalization all or a material part of the undertakings, rights, assets or revenues of, or shares or other ownership interests in, Lessee are seized, nationalized, expropriated or compulsorily acquired by or under the authority of any Government Entity.
Nationalization. Any Governmental Authority shall have condemned, nationalized, seized, or otherwise expropriated all or any substantial part of the property, shares of capital stock or equity or other assets of Borrower, its general partner or managing member (if applicable) or the Investment Manager or shall have assumed custody or control of such property or other assets or of the business or operations of Borrower, its general partner or managing member (if applicable) or the Investment Manager or shall have taken any action that would prevent any such entity from carrying on its business or a substantial part thereof;
Nationalization all or a material part of the undertakings, rights, assets or revenues of, or shares or other ownership interests in, Lessee are seized, nationalized, expropriated or compulsorily acquired by or under the authority of any Government Entity. If an Event of Default occurs, and for as long as it shall continue, Lessor may at its option (and without prejudice to any of its other rights under this Agreement or that may arise by operation of Applicable Law), at any time thereafter: (a) by notice to Lessee (unless giving of such notice is prevented or prohibited by Applicable Law, in which case no such notice shall be required) with immediate effect terminate the leasing of the Aircraft (but without prejudice to the continuing obligations of Lessee under this Agreement), whereupon all rights of Lessee under this Agreement shall cease; and/or (b) subject to Section 15.2, proceed by appropriate legal action or actions to enforce performance of this Agreement or to recover damages for the breach of this Agreement; and/or (c) either: (i) take possession of the Aircraft, for which purpose Lessor may enter any premises belonging to, occupied by or under the control of Lessee (for which purpose Lessee hereby grants to Lessor an irrevocable license to the extent permitted by Applicable Law) where the Aircraft may be located, or cause the Aircraft to be redelivered to Lessor at the Redelivery Location (or such other location as Lessor may require), and Lessor is hereby irrevocably authorized and empowered, to the extent permitted by Applicable Law, to direct pilots of Lessee or other pilots to fly the Aircraft to that airport and shall have all the powers and authorizations necessary for taking such action; or (ii) by serving notice, require Lessee to redeliver the Aircraft to Lessor at the Redelivery Location (or such other location as Lessor may require) in the condition required by Section 12 and Schedule 3; and/or (d) sell, lease or otherwise deal with the Aircraft in such manner as Lessor in its absolute discretion considers appropriate; and/or (e) oblige Lessee to take all steps necessary to deregister the Aircraft from the aircraft registry of the State of Registration and export the Aircraft from the country where the Aircraft is for the time being registered or situated and any other steps necessary to enable the Aircraft to be redelivered to Lessor in accordance with this Agreement. Lessee hereby irrevocably and by way of security for its obligations under the O...
Nationalization is the transfer of firms, enterprises or a major branch of industry or commerce from private to state own- ership or control. These are generally 100 percent state-owned but in certain cases may have a minority private stake of up to a maximum of 40 percent such as when private capital, technol- ogy, expertise, and other contributions to national development are needed. Filipino citizens will be given preference in the private stake but if this goes to foreign capital then additional safeguards will be instituted such as additional requirements in management, profit-sharing, technology transfer, eventual buy-out by the state or Filipino citizens, and others as deemed necessary.
Nationalization. (i) any step is taken by any person with a view to the seizure, compulsory acquisition, expropriation or nationalization of all or a material part of the assets of the Company or any of its Principal Subsidiaries or (ii) the Company, or any of its Principal Subsidiaries is prevented from exercising normal control over all or a material part of its property, assets and turnover;
Nationalization. The confiscation, expropriation or nationalization by any governmental authority to which the Company or a Subsidiary is subject of any material property or assets of the Company or its Subsidiaries, taken as a whole (it being agreed, however, that it shall not be an Event of Default if the PRC government or any local instrumentality thereof shall require that the Company or its Affiliates move its principal venue of operations to a different location within the PRC (a “Principal Venue Move”); or
Nationalization. Despite the enthusiasm for the mine’s nationalization, many argue that this should not happen. Xxxxxxx Xxx, the Vice Prime Minister (Economy and Investment), stated, »Nationalization is a word that needs to be excluded from the vocabulary of a country that is developing mar- ket relations.« Dil thought that it was unreasonable for a country with few investors to isolate itself further. Xxx- xxx shared his views. The head of the Mining and Metal- lurgical Union, Xxxxx Xxxxxxxxx, stated that demands for greater control were »[…] unrealistic, no matter how much we want it.« He and others commented that there could be significant economic consequences from the falling-out with Centerra. The company could file for losses against Kyrgyzstan with expensive court cases dragging on for years. Any stoppage in the mining pro- cess could compound these economic concerns. Xxxxxxxxx’s view was shared by Xxxxxxx Xxxxxxxxx, Head of the Department of Financial and Economic Analysis and Development Monitoring in the President’s Administration. She acknowledged that nationalization is a popular option, but that it is unrealistic. »It’s not difficult to pass a law on nationalization [of Kumtor],« she said. »But, there’s a reality we live in, and there will be risks and consequences for the country – lawsuits, ar- bitration, financial losses, stoppage of production. And how do we provide pensions and salaries? How do we replace [Kumtor’s contribution] to the budget?« Although Respublika’s Aripov is correct that most of the people that work at Kumtor are Kyrgyzstani citizens, Shakirov from Kyrgyzaltyn pointed out a limitation. »First of all,« he said, »[Kyrgyzstan] would have a hu- man resources problem […]. After twenty years [of in- dependence], we still don’t have Kyrgyz specialists in top management positions [in the mining sector] with inter- national experience. It’s going to be difficult to manage logistics and production.« This contradicts the view of Xxxxxxxxx from Ata Meken. If professionals are difficult to find in Kyrgyzstan, would another company be willing to come into the country to take on the job? Xxxxxxxx argued that nationalization would have a long-term destabilizing effect. »If [Kum- tor is] nationalized, other partners will be reluctant to work with [the country]. The price [of investment] will be higher, because there will be a high risk. Therefore, profitability [of the mine] will decrease. If another inves- tor comes, it will be worse – worse in terms o...
