Common use of Solvent Liquidation Clause in Contracts

Solvent Liquidation. (a) Amend paragraph (b) of Clause 22.7 (Insolvency Proceedings) of the Credit Agreement so that it includes any solvent liquidation or dissolution in accordance with Clause 21.24 (Internal Reorganisations) of the Credit Agreement. (b) Further to paragraph 9 of Schedule 4 (Amendments, Waivers, Consents and other Modifications), amend the Credit Agreement to provide for releases of Security as a result of, and in connection with, any solvent liquidation or dissolution that complies with Clause 21.24 (Internal Reorganisations) of the Credit Agreement.

Appears in 3 contracts

Samples: Telenet Additional Facility Ai2 Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ai Accession Agreement (Liberty Global PLC), Telenet Additional Facility Ah Accession Agreement (Liberty Global PLC)

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Solvent Liquidation. (a) Amend amend paragraph (b) of Clause 22.7 26.7 (Insolvency Proceedings) of the Credit Agreement so that it includes any solvent liquidation or dissolution in accordance with applies to both paragraphs (a) and (b) of Clause 21.24 23.31 (Internal Reorganisations) of the Credit Agreement. . Amend Clause 42.7 (bRelease of Guarantees and Security) Further to paragraph 9 of Schedule 4 (Amendments, Waivers, Consents and other Modifications), amend the Credit Agreement to provide for equivalent releases of Security as a result of, and in connection with, any solvent liquidation or dissolution that complies with Clause 21.24 23.31 (Internal Reorganisations) of the Credit Agreement).

Appears in 1 contract

Samples: Additional Facility Accession Deed (Liberty Global PLC)

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