Common use of No Target Group Company Clause in Contracts

No Target Group Company. (A) is insolvent or unable to pay its debts within the meaning of the Insolvency Act 1986 or any other insolvency legislation applicable to the company concerned; or (B) has stopped paying its debts as they fall due.

Appears in 2 contracts

Samples: Share Purchase Agreement (Nord Anglia Education, Inc.), Share Purchase Agreement (Nord Anglia Education, Inc.)

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No Target Group Company. (Aa) has: (i) failed to, or admitted that it is insolvent or unable to not able to, pay its debts within the meaning any of the Insolvency Act 1986 or any other insolvency legislation applicable to the company concerned; or (B) has stopped paying its debts as they fall duedue or (ii) suspended making payments on any of its debts; and (b) is insolvent within the meaning of any insolvency laws applicable to the relevant Target Group Company.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Scansource, Inc.)

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No Target Group Company. (A) 17.1.1 is insolvent or unable to pay its debts within the meaning of the Insolvency Act 1986 Xxx 0000 or any other applicable insolvency legislation applicable to the company concernedlegislation; or (B) 17.1.2 has stopped paying its debts as they fall due.

Appears in 1 contract

Samples: Share Purchase Agreement (Techne Corp /Mn/)

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