Belgian Obligor definition
Examples of Belgian Obligor in a sentence
In relation to a Belgian Obligor (if shares of that Obligor are in registered form) registration of the Shares Security Agreement relating to those shares in its register of shareholders (aandeelhoudersregister/registre des actionnaires) or (if shares of that Belgian Obligor are in bearer form) delivery of the shares of that Obligor to the Facility Agent.
In relation to each Belgian Obligor (and if applicable under Belgian law), a copy of a shareholders resolution approving the limitations set out in Clause 26.9 (Control and Change of control) and any other clause of any Finance Document pertaining to a change of control and evidence of filing of such a resolution with the clerk of a competent commercial court in accordance with clause 556 of the Belgian Company Code.
The proceeds of the Facilities have not been and will not be used to finance or refinance the acquisition of or subscription for shares in any Belgian Obligor (save as authorised by Article 329 of the Belgian company law and for share buy-backs carried out in accordance with Belgian company law).
In the case of a Belgian Obligor only, it has not issued listed securities, nor is it a Subsidiary of a Belgian company that has issued listed securities.
In relation to each Belgian Obligor that is an Additional Obligor (and if applicable under Belgian law), a copy of a shareholders resolution approving Clause 26.9 (Control and Change of Control) and any other clause of any Finance Document pertaining to a change of control and evidence of filing of such a resolution with the clerk of a competent commercial court in accordance with clause 556 of the Belgian Company Code.