Resignation and release of security on disposal or resignation. If a Borrower or Guarantor (or Holding Company of that Borrower or Guarantor) is or is proposed to be the subject of a Third Party Disposal, or is otherwise to resign as a Borrower or a Guarantor as permitted by and in accordance with Clause 29.3 (Resignation of a Borrower) and/or (as applicable) Clause 29.5 (Resignation of a Guarantor), or there is a disposal of Charged Property that is otherwise permitted or not prohibited under Schedule 15 (Incurrence Covenants Schedule) or the Intercreditor Agreement then:
Appears in 6 contracts
Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)
Resignation and release of security on disposal or resignation. If a Borrower an Issuer or Guarantor (or Holding Company of that Borrower Issuer or Guarantor) is or is proposed to be the subject of a Third Party Disposal, or is otherwise to resign as a Borrower an Issuer or a Guarantor as permitted by and in accordance with Clause 29.3 (Resignation of a Borroweran Issuer) and/or (as applicable) Clause 29.5 (Resignation of a Guarantor) (a “Resignation”), or there is a disposal of Charged Property that is otherwise permitted or not prohibited under Schedule 15 14 (Incurrence Covenants ScheduleRestrictive Covenants) or the Intercreditor Agreement then:
Appears in 2 contracts
Samples: Notes Purchase Agreement (Membership Collective Group Inc.), Notes Purchase Agreement (Membership Collective Group Inc.)
