Common use of Winding-up, etc Clause in Contracts

Winding-up, etc. An order is made by any Governmental Entity having jurisdiction or an effective resolution is passed for the winding up, liquidation or dissolution of the Company or any of its Significant Subsidiaries (other than, in the case of a Significant Subsidiary of the Company, for the purposes of or pursuant to an amalgamation, reorganization or restructuring whilst solvent).

Winding-up, etc. An order is made by any Governmental Entity governmental authority having jurisdiction or an effective resolution is passed for the winding up, liquidation or dissolution of the Company or any of its Significant Subsidiaries (other than, in the case of a Significant Subsidiary of the Company, for the purposes of or pursuant to an amalgamation, reorganization or restructuring whilst solventon the solvent basis, provided that the assets of such Significant Subsidiary subject to amalgamation, reorganization or restructuring are substantially retained by the Company directly or indirectly).