Common use of No Winding-up Clause in Contracts

No Winding-up. (a) None of the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary is taking any corporate action nor are any other steps being taken (including the commencement of any legal proceedings) against the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary, for its winding-up, dissolution or administration or for the appointment of a receiver, administrator, administrative receiver, conservator, custodian, trustee or similar officer of it or of any or all of its assets or revenues save as permitted under paragraphs (c), (d) or (e) of Clause 25.8 (Mergers), Clause 25.20 (Solvent Liquidation) or as otherwise disclosed to the Facility Agent prior to the Original Execution Date. (b) Each US Obligor is Solvent.

No Winding-up. (a) None of the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary is taking any corporate action nor are any other steps being taken (including the commencement of any legal proceedings) against the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary, for its winding-up, dissolution or administration or for the appointment of a receiver, administrator, administrative receiver, conservator, custodian, trustee or similar officer of it or of any or all of its assets or revenues save as permitted under paragraphs (cb), (dc) or (ed) of Clause 25.8 (Mergers), Clause 25.20 25.18 (Solvent LiquidationInternal Reorganisations) or as otherwise disclosed to the Facility Agent prior to the Original Execution Date. (b) Each US Obligor is Solvent.

No Winding-up. (a) None of the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary is taking any corporate action nor are any other steps being taken (including the commencement of any legal proceedings) against the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary, for its winding-up, dissolution or administration or for the appointment of a receiver, administrator, administrative receiver, conservator, custodian, trustee or similar officer of it or of any or all of its assets or revenues save as permitted under paragraphs (c), (d) or (e) of Clause 25.8 (Mergers), Clause 25.20 25.21 (Solvent Liquidation) or as otherwise disclosed to the Facility Agent prior to the Original Execution Date. (b) Each US Obligor is Solvent.

No Winding-up. (a) None of the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary is taking any corporate action nor are any other steps being taken (including the commencement of any legal proceedings) against the Ultimate Parent, the Parent, the Company or any other Obligor that is a Material Subsidiary, for its winding-up, dissolution or administration or for the appointment of a receiver, administrator, administrative receiver, conservator, custodian, trustee or similar officer of it or of any or all of its assets or revenues save as permitted under paragraphs (c), (d) or (e) of Clause 25.8 (Mergers), Clause 25.20 25.18 (Solvent LiquidationInternal Reorganisations) or as otherwise disclosed to the Facility Agent prior to the Original Execution Date. (b) Each US Obligor is Solvent.