Common use of Repudiation and rescission of agreements Clause in Contracts

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 17 contracts

Samples: Term Loan Facility (Okeanis Eco Tankers Corp.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

AutoNDA by SimpleDocs

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 11 contracts

Samples: Facility Agreement (Daqo New Energy Corp.), Revolving Credit Facility Agreement (Lesaka Technologies Inc), Amendment and Restatement Agreement (Genesco Inc)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityFinance Document.

Appears in 7 contracts

Samples: Multicurrency Revolving Facility Agreement (Endava PLC), Senior Facilities Agreement (Luxfer Holdings PLC), Revolving Facilities Agreement (Molson Coors Brewing Co)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document Document, which has or any Transaction Securityis likely to have a Material Adverse Effect.

Appears in 7 contracts

Samples: Bpifae Facility Agreement (Globalstar, Inc.), Second Lien Facility Agreement (Globalstar, Inc.), Bpifae Facility Agreement (Globalstar, Inc.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security a material provision thereof or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Securitya material provision thereof.

Appears in 6 contracts

Samples: Senior Facility Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC)

Repudiation and rescission of agreements. A Transaction An Obligor Party (or any other relevant party, other than a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Material Credit Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Material Credit Document or any Transaction Security.

Appears in 5 contracts

Samples: Term Loan Facility Agreement (GDS Holdings LTD), Term Loan Facility Agreement (GDS Holdings LTD), Facility Agreement (GDS Holdings LTD)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 5 contracts

Samples: Term and Accordion Facilities Agreement (Ardmore Shipping Corp), Loan Agreement (Ardmore Shipping Corp), Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

Repudiation and rescission of agreements. A Transaction Obligor party (other than a Finance Party) to a Finance Document or any other relevant party) Transaction Security rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 4 contracts

Samples: Facilities Agreement, Facility Agreement (Powerfleet, Inc.), Facilities Agreement (MiX Telematics LTD)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecuritySecurity or a Transaction Document or any of the Transaction Security otherwise ceases to remain in full force and effect for any reason.

Appears in 3 contracts

Samples: Term Loan Facility (Seanergy Maritime Holdings Corp.), Term Loan Facility (Castor Maritime Inc.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Repudiation and rescission of agreements. A Transaction Obligor The Company (or any other relevant partyparty other than a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityFinance Document.

Appears in 3 contracts

Samples: Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC), Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 2 contracts

Samples: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Note Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityNote Document.

Appears in 2 contracts

Samples: Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC)

Repudiation and rescission of agreements. A Transaction Obligor The Company (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 2 contracts

Samples: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 Inc)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant partyparty other than a Finance Party) rescinds or purports to rescind or repudiates or purports (in writing) to repudiate a Transaction Finance Document or any of the Transaction Security or evidences in writing an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 2 contracts

Samples: Loan Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Repudiation and rescission of agreements. A Transaction Any Obligor or any member of the Group (or any other relevant partyparty other than the Lender) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 2 contracts

Samples: Facility Agreement (Pacific Alliance Group LTD), Facility Agreement (Sun Wise (UK) Co., LTD)

Repudiation and rescission of agreements. A Transaction Obligor The Borrower (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityDocument.

Appears in 2 contracts

Samples: Facility Agreement, Facility Agreement (Cordlife Group LTD)

Repudiation and rescission of agreements. A Transaction An Obligor or the Parent (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 2 contracts

Samples: Term and Revolving Facilities Agreement (ShangPharma Corp), Facility Agreement (Cascal N.V.)

Repudiation and rescission of agreements. (a) A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security. (b) Any party to the Property Acquisition Documents rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments in whole or in part.

Appears in 1 contract

Samples: Sterling Term Facility Agreement (American Realty Capital Global Trust, Inc.)

Repudiation and rescission of agreements. A Transaction An Obligor or any other Security Provider (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Facilities Agreement (Lesaka Technologies Inc)

Repudiation and rescission of agreements. A Transaction An Obligor or the Parent (or any other relevant partyparty to a Finance Document that is not a Finance Party) rescinds or purports to rescind or repudiates or purports (in writing) to rescind or repudiate a Transaction Document or any of the Transaction Security or evidences an intention (in writing) to rescind or repudiate a Transaction Finance Document or any Transaction Securitywhich is materially adverse to the interests of the Lenders under the Finance Documents (taken as a whole).

Appears in 1 contract

Samples: Facilities Agreement (New Frontier Public Holding Ltd.)

Repudiation and rescission of agreements. A Total Transaction Obligor (or any other relevant party) rescinds or purports in writing to rescind or repudiates or purports to repudiate in writing a Transaction Finance Document or any of the Transaction Security or evidences in writing an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.; or

Appears in 1 contract

Samples: Deed of Amendment Agreement (RISE Education Cayman LTD)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds rescinds, or purports to rescind rescind, or repudiates repudiates, or purports to repudiate repudiate, a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Term Facility Agreement (CGG Veritas)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Secured Revolving Facility Agreement (Klondex Mines LTD)

AutoNDA by SimpleDocs

Repudiation and rescission of agreements. A Transaction Obligor Any Originator, the Performance Guarantor or any Servicer (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityDocument.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Ferro Corp)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction SecuritySecurity or a Finance Document or any of the Transaction Security otherwise ceases to remain in full force and effect for any reason.

Appears in 1 contract

Samples: Term Loan Facility (Navios Maritime Partners L.P.)

Repudiation and rescission of agreements. (a) A Transaction Obligor party (or any other relevant partythan a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security. (b) Any party to the Acquisition Documents or the Post-Completion Agreements rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments in whole or in part.

Appears in 1 contract

Samples: Guarantee Facility Agreement (UTAC Holdings Ltd.)

Repudiation and rescission of agreements. A Transaction Obligor or an Approved Manager (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document to which it is a party or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 1 contract

Samples: Facility Agreement (Euroseas Ltd.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document, a Bridge Finance Document or any of the Transaction Security Underwriting Agreement or evidences an intention to rescind or repudiate a Transaction Finance Document, a Bridge Finance Document or any Transaction Securitythe Underwriting Agreement.

Appears in 1 contract

Samples: Senior Facilities Agreement (Anheuser-Busch InBev S.A.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant partyparty other than a Finance Party) or the Shareholder rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecurityFinance Document.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Enstar Group LTD)

Repudiation and rescission of agreements. A Transaction Any Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 1 contract

Samples: Facility Agreement

Repudiation and rescission of agreements. A Transaction Grantor, Obligor or other member of the Group (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Senior Facilities Agreement (Melco PBL Entertainment (Macau) LTD)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction SecuritySecurity or a Transaction Document or any of the Transaction Security otherwise ceases to remain in full force and effect for any reason.

Appears in 1 contract

Samples: Term Loan Facility Agreement (Castor Maritime Inc.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security to which it is a Party or evidences an intention in writing to rescind or repudiate a Transaction Finance Document or any Transaction SecuritySecurity to which it is a Party.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Central European Media Enterprises LTD)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Document or any Transaction Security.

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Document (other an Assignable Charter where the prior approval of the Facility Agent has been obtained for rescission pursuant to the Finance Documents) or any of the Transaction Security or evidences an intention to rescind or repudiate a such Transaction Document or any Transaction Security.

Appears in 1 contract

Samples: Term Loan Facility (Global Ship Lease, Inc.)

Repudiation and rescission of agreements. A Transaction An Obligor (or any other relevant partyparty other than a Finance Party) or the Shareholder rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Enstar Group LTD)

Repudiation and rescission of agreements. A Transaction Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Transaction Finance Document or any of the Transaction Security Security, or evidences an intention to rescind or repudiate a Transaction Finance Document or any Transaction Security.

Appears in 1 contract

Samples: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!