Common use of Restriction on Debt Purchase Transactions Clause in Contracts

Restriction on Debt Purchase Transactions. The Borrower shall not, and shall procure that each other member of the Group shall not, enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (B) or (C) of the definition of Debt Purchase Transaction.

Appears in 2 contracts

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp), Borrowing Base Facility Agreement (Transglobe Energy Corp)

AutoNDA by SimpleDocs

Restriction on Debt Purchase Transactions. 1Prohibition on Debt Purchase Transactions by the Group The Borrower Company shall not, and shall procure that each other member of the Group shall not, enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (Bb) or (Cc) of the definition of Debt Purchase Transaction.

Appears in 1 contract

Samples: Revolving Facility Agreement (Manchester United PLC)

AutoNDA by SimpleDocs

Restriction on Debt Purchase Transactions. The Borrower shall not, and shall procure that each other member of the Group and each Affiliate of each member of the Group shall not, enter into any Debt Purchase Transaction or beneficially own all or any part of the share capital of a company that is a Lender or a party to a Debt Purchase Transaction of the type referred to in paragraphs (B) or (C) of the definition of Debt Purchase Transaction.

Appears in 1 contract

Samples: Senior Secured Multicurrency Credit Facility Agreement (Carrizo Oil & Gas Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!