Common use of Repudiation and rescission of agreements Clause in Contracts

Repudiation and rescission of agreements. (a) An Obligor and/or Third Party Chargor rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security Documents or evidences an intention to rescind or repudiate a Finance Document or a Transaction Security Document. (b) Any Obligor or the Notes Trustee rescinds or purports to rescind or repudiates or purports to repudiate the Intercreditor Agreement in whole or in part where to do so has or is, in the reasonable opinion of the Majority Lenders, could reasonably be expected to have a material adverse effect on the interests of the Lenders (taken as a whole) under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor and/or Third Party Chargor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security Documents or evidences an intention to rescind or repudiate a Finance Document or a any Transaction Security DocumentSecurity. (b) Any Obligor party to an agreement or the Notes Trustee instrument entered into in relation to a Subordinated Loan rescinds or purports to rescind or repudiates or purports to repudiate the Intercreditor Agreement any such agreement or instrument in whole or in part where to do so has or is, in the reasonable opinion of the Majority Lenders, could reasonably be expected likely to have a material adverse effect on the interests of the Lenders (taken as a whole) under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor and/or Third Party Chargor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security Documents to which it is a party or evidences an intention to rescind or repudiate a Finance Document or any Security created pursuant to a Transaction Security Finance Document. (b) Any Obligor or party to the Notes Trustee Acquisition Documents rescinds or purports to rescind or repudiates or purports to repudiate the Intercreditor Agreement any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the Majority LendersLender, could reasonably be expected likely to have a material adverse effect Material Adverse Effect on the its interests of the Lenders (taken as a whole) under the Finance Documents, except where such rescission or repudiation relates to a breach by the Target permitting the Borrower to terminate the Acquisition Documents.

Repudiation and rescission of agreements. (a) An Obligor and/or Third Party Chargor or a Security Provider (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security Documents or evidences an intention to rescind or repudiate a Finance Document or a any Transaction Security DocumentSecurity. (b) Any Obligor or the Notes Trustee party to any Subordination Agreement rescinds or purports to rescind or repudiates or purports to repudiate the Intercreditor Agreement any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the Majority Lenders, could reasonably be expected likely to have a material adverse effect on the interests of the Lenders (taken as a whole) under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor and/or Third Party Chargor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document or any of the Transaction Security Documents or evidences an intention to rescind or repudiate a Finance Document or a any Transaction Security DocumentSecurity. (b) Any Obligor or party to the Notes Trustee Intercreditor Deed rescinds or purports to rescind or repudiates or purports to repudiate the Intercreditor Agreement any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the Majority Lenders, could reasonably be expected likely to have a material adverse effect on the interests of the Lenders (taken as a whole) under the Finance Documents.