Prohibition on Debt Purchase Transactions. The Parent shall not, and shall procure that each other member of the Group shall not, enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (b) or (c) of the definition of Debt Purchase Transaction.
Appears in 3 contracts
Samples: Revolving Credit Facility Agreement (Enstar Group LTD), Revolving Credit Facility Agreement (Enstar Group LTD), Facilities Agreement (Enstar Group LTD)
Prohibition on Debt Purchase Transactions. The Parent Borrower shall not, and shall procure that each other member of the Group shall not, enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (b) or (c) of the definition of Debt Purchase Transaction.
Appears in 2 contracts
Samples: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)
Prohibition on Debt Purchase Transactions. The Parent Company shall not, and shall procure that each no other member of the Group shall not, will enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (b) or (c) of the definition of “Debt Purchase Transaction.”
Appears in 1 contract
