Common use of Repudiation and rescission of agreements Clause in Contracts

Repudiation and rescission of agreements. (a) An Obligor, the Personal Guarantor or any Onshore Depositor 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 or any Security created pursuant to a Finance Document. (b) Any Obligor party to the Merger Documents rescinds or purports to rescind or repudiates or purports to repudiate any of the Merger Documents in whole or in part where to do so has or is reasonably likely to have a material adverse effect on the interests of the Lender under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor, the Personal Guarantor A Security Provider or any Onshore Depositor an Obligor 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 Document (to which it is a party) or any Transaction Security created pursuant to a Finance Documentwhich it has provided. (b) Any Obligor party to the Merger Documents Intercreditor Agreement (other than a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate any of the Merger Documents Intercreditor Agreement in whole or in part where to do so has or is reasonably likely to have a material adverse effect on the interests of the Lender Lenders under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor, the Personal Guarantor Obligor or any Onshore Depositor Holdco 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 Document or any Security created pursuant to a Finance DocumentTransaction Security. (b) Any Obligor party to the Merger Documents Intercreditor Agreement (other than a Finance Party or a Hedge Counterparty) rescinds or purports to rescind or repudiates or purports to repudiate any of the Merger Documents those agreements or instruments in whole or in part where to do so has or is reasonably likely to have a material adverse effect on the interests of the Lender Lenders under the Finance DocumentsDocuments taken as a whole.

Repudiation and rescission of agreements. (ai) An Obligor, the Personal Guarantor Obligor (or any Onshore Depositor other relevant party) rescinds or purports to rescind or repudiates or purports to repudiate a Finance Note Document to which it is a party or any of the Transaction Security or evidences an intention to rescind or repudiate a Finance Note Document or any Security created pursuant to a Finance DocumentTransaction Security. (bii) Any Obligor party to the Merger Documents Intercreditor Deed rescinds or purports to rescind or repudiates or purports to repudiate any of the Merger Documents those agreements or instruments in whole or in part where to do so has or is reasonably is, in the reasonable opinion of the Required Holders, likely to have a material adverse effect on the interests of the Lender holders under the Finance Note Documents.

Repudiation and rescission of agreements. (a) An Obligor, the Personal Guarantor Obligor (or any Onshore Depositor other relevant party other than a Finance 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 Document or any Security created pursuant to a Finance DocumentTransaction Security. (b) Any Obligor party to the Merger Documents Intercreditor Deed (other than a Finance Party) rescinds or purports to rescind or repudiates or purports to repudiate any of the Merger Documents those agreements or instruments in whole or in part where to do so has or is reasonably likely to have a material adverse effect on the interests of the Lender Lenders under the Finance Documents.