Common use of Repudiation and rescission of agreements Clause in Contracts

Repudiation and rescission of agreements. (a) An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document to which it is a party or evidences an intention to rescind or repudiate a Finance Document. (b) Any party to the Acquisition Documents rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the Lender, likely to have a material adverse effect on its interests under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document to which it is a party or evidences an intention to rescind or repudiate a Finance Document. (b) Any party to the Acquisition Documents Intercreditor Deed rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the LenderMajority Lenders, likely to have a material adverse effect on its the interests of the Lenders under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document to which it is a party or any of the Transaction Security or evidences an intention to rescind or repudiate a Finance DocumentDocument or any Transaction Security. (b) Any party to the Acquisition Documents Intercreditor Agreement rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments that agreement in whole or in part where to do so has or is, in the reasonable opinion of the LenderMajority Lenders, likely to have a material adverse effect on its the interests of the Lenders under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor (or any other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Document to which it is a party or evidences an intention to rescind or repudiate a Finance Document. (b) Any party to the Acquisition Documents rescinds or purports to rescind or repudiates or purports to repudiate any of those agreements or instruments in whole or in part where to do so has or is, in the reasonable opinion of the Lender, likely to have a material adverse effect Material Adverse Effect on its interests under the Finance Documents.