Sovereign intervention Sample Clauses

Sovereign intervention. (a) By or under the authority of any government: (i) the management of any member of the Group is wholly or materially displaced or the authority of any member of the Group in the conduct of its business is wholly or partially curtailed; (ii) any of the revenues of the Group or any Material Asset(s) is seized, nationalised, expropriated or compulsorily acquired; or (iii) any member of the Group is otherwise deprived of, or prevented from exercising, ownership or control of all or any part of its business, assets or rights, the value of which (as determined in accordance with GAAP) exceeds 5 per cent. in aggregate of the Total Assets of the Group. (b) Any foreign exchange law is enacted or introduced in the Russian Federation, Ukraine, Georgia, Kyrgyzstan or Uzbekistan which, in the opinion of the Agent, has or might have the effect of preventing or delaying any payment under any Finance Document. (c) A moratorium is called on the payment of interest or repayment of principal on international debts of Russian borrowers generally or a class thereof to which the Borrower or any other Obligor belongs which has the effect of preventing or delaying any payment under any Finance Document. (d) A deterioration occurs in the political or economic situation in any of the Russian Federation, Ukraine, Georgia, Kyrgyzstan or Uzbekistan or an act of war or hostilities, invasion, armed conflict or act of foreign enemy, revolution, insurrection, insurgency or threat thereof occurs in or involving any of the Russian Federation, Ukraine, Georgia, Kyrgyzstan or Uzbekistan which (in any case and in the reasonable opinion of the Majority Lenders) has or might reasonably be expected to have a Material Adverse Effect.