Common use of Repudiation and rescission of agreements Clause in Contracts

Repudiation and rescission of agreements. (a) An Obligor 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 or evidences an intention to rescind or repudiate a Finance Document or any Transaction Security. (b) Any party to the Acquisition Documents or any Subordination Agreement 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 Majority Lenders, likely to have a material adverse effect on the interests of the Lenders under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor 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 to which it is a party or evidences an intention to rescind or repudiate a Finance Document or any Transaction SecuritySecurity created pursuant to a Finance Document. (b) Any party to the Acquisition Documents or any Subordination Agreement the VIE 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 Majority LendersLender, likely to have a material adverse effect on the its interests of the Lenders under the Finance Documents.

Repudiation and rescission of agreements. (a) An Obligor or a Security Provider (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 Finance Document or any of the Transaction Security or evidences an intention to rescind or repudiate a Finance Document or any Transaction Security. (b) Any party to the Acquisition Documents or any Subordination Agreement 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 Majority Lenders, likely to have a material adverse effect on the interests of the Lenders under the Finance Documents.