Common use of Winding-up, etc Clause in Contracts

Winding-up, etc. an order is made by any competent court or an effective resolution is passed for the winding up, liquidation or dissolution of the Issuer or any of its Material Subsidiaries (otherwise than for the purposes of, or pursuant to, a Permitted Reorganisation); or

Winding-up, etc. an order is made by any a court of competent court jurisdiction or an effective resolution is passed for the winding up, liquidation or dissolution of the Issuer or any of its Material Principal Subsidiaries (otherwise than except, in the case of a Principal Subsidiary, for the purposes ofof a reconstruction, union, transfer, merger or amalgamation or other analogous process pursuant toto which all or a substantial part of its property, a Permitted Reorganisationassets and undertaking are transferred to the Issuer or another Subsidiary); or