Similar Events Sample Clauses
The "Similar Events" clause defines how situations or occurrences that are comparable in nature to those specifically mentioned in the contract are to be treated. In practice, this clause ensures that if an event arises that is not explicitly listed but is substantially similar to those that are, it will be governed by the same rules or consequences as the listed events. For example, if a contract addresses delays due to natural disasters, a "Similar Events" clause might extend those provisions to cover other unforeseen disruptions of a similar scale. This clause's core function is to prevent loopholes and ensure comprehensive coverage by applying contractual terms to analogous situations, thereby reducing ambiguity and potential disputes.
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Similar Events. Any event occurs or any proceeding is taken with respect to any Loan Party or any Material Subsidiary in any jurisdiction to which it is subject which has an effect equivalent or similar to any of the events set forth in Sections 9.01(i), (j) or (k).
Similar Events. Any event occurs which, under the laws of any jurisdiction, has a similar or analogous effect to any of those events mentioned in Clause 27.6 (Insolvency), 27.7 (Winding-up) or Clause 27.8 (Execution or Distress).
Similar Events. Any event occurs or any proceeding is taken with respect to any Credit Party in any jurisdiction to which it is subject which has an effect equivalent or similar to any of the events set forth in Sections 11.1.8 or 11.1.9.
Similar Events. Any event occurs or any proceeding is taken with respect to the Parent Borrower, any Guarantor or any Foreign Subsidiary Borrower with Obligations then outstanding under this Agreement in any jurisdiction to which it is subject which has an effect equivalent or similar to any of the events set forth in Sections 11.1.8 or 11.1.9.
Similar Events. Any event occurs or any proceeding is taken with respect to any Credit Party or any Material Subsidiary in any jurisdiction to which it is subject which has an effect equivalent or similar to any of the events set forth in Sections 11.1(i), (j) or (k).
Similar Events. Any event occurs which, under the laws of any jurisdiction, has a similar or analogous effect to any of those events mentioned in Clause 20.6 (Insolvency), Clause 20.7 (Insolvency Proceedings) or Clause 20.9 (Execution or Distress) and the same is not frivolous or vexatious and discharged, stayed or dismissed within 20 days of commencement (or, in the case of events with similar or analogous effect to those events mentioned in Clause 20.9 (Execution or Distress), 10 Business Days).
Similar Events. Notwithstanding any other provisions of this Agreement, the obligation of the Lender to make or maintain the Loan shall cease if funds in the stipulated currency, markets, interest rates or interest periods are unavailable or subject to conditions under which the Lender cannot reasonably fulfil its obligations under this Agreement.
Similar Events. Any event occurs or any proceeding is taken with respect to Applicant under this Agreement in any jurisdiction to which it is subject which has an effect equivalent or similar to any of the events set forth in Sections 18(h) or 18(i).
Similar Events. If an event similar to the above happens in the other party's jurisdiction.
Similar Events. Anything which has an equivalent effect to any of the events specified in Clauses 23.6 (Insolvency) to 23.9 (Execution or Distress) (inclusive) shall occur under the laws of any applicable jurisdiction.