Unlawful Financial Assistance Sample Clauses
Unlawful Financial Assistance. Without limiting any specific exemptions set out below:
(i) no Guaranteed Obligations will extend to include any obligation or liability; and
(ii) no security granted by a Luxembourg Guarantor will secure any Guaranteed Obligations, in each case, if to do so would be unlawful financial assistance in respect of the acquisition of shares in itself under Article 49-6 or would constitute a misuse of corporate assets (abus de biens sociaux) as defined at Article 171-1 of the Luxembourg Act on commercial companies of 10 August 1915, as amended.
Unlawful Financial Assistance. No obligations shall be included in the definition of Obligations to the extent that, if they were included, the security interest granted pursuant to this Agreement or any part thereof would be void as a result of violation of the prohibition on financial assistance contained in Article 2:98c and 2:207c Dutch Civil Code or any other applicable financial assistance rules under any relevant jurisdiction (the “Prohibition”) and all provisions hereof will be interpreted accordingly. For the avoidance of doubt, this Agreement will continue to secure those obligations which, if included in the definition of Obligations, will not constitute a violation of the Prohibition.
Unlawful Financial Assistance. None of the Loans shall be used for any purpose which would be contrary to the provisions of ss. 151 of the Companies Act of 1985, unless the provisions of ss. 155 to ss. 158 of that Act are actually complied with.
Unlawful Financial Assistance. The right of pledge granted by the Pledgor under this Deed shall not constitute a financial assistance pursuant to Article 49-6 of the Luxembourg law dated the tenth day of August nineteen hundred fifteen on commercial companies (a “Financial Assistance”), to the extent applicable as at the date of execution of this Deed, to a private limited liability company incorporated under the laws of Luxembourg, and none of the obligations under or pursuant to the Loan Documents shall be included in the definition of “Secured Obligations” to the extent that, if they were included, the security interest granted pursuant to this Deed or any part thereof would be void as a result of violation of the prohibition on Financial Assistance (the “Prohibition”) and all provisions hereof will be interpreted accordingly. For the avoidance of doubt, this Deed shall continue to secure those obligations which, if included in the definition of “Secured Obligations”, do not constitute a violation of the Prohibition.
Unlawful Financial Assistance. Each of the Loan Parties will comply in all respects with any prohibitions against financial assistance under the laws of any applicable jurisdiction.
Unlawful Financial Assistance. Without limiting any specific exemptions set out below: (xciii)no Guaranteed Obligations will extend to include any obligation or liability; and 211 133055744_29
Unlawful Financial Assistance. Each Borrower undertakes that no Utilisations shall be used in any way which would be illegal under, or would cause the invalidity or unenforceability in whole or in part of any Finance Document under, any applicable law relating to the giving of unlawful financial assistance (including, without limitation, Section 151 of the Act unless the procedure laid down by Sections 155 to 158 inclusive of the Act is complied with).
Unlawful Financial Assistance. None of the Facilities shall be used for any purpose which would be contrary to the provisions of s151 Companies Xxx 0000, unless the provisions of s155 to s158 of that Act are actually complied with.