Examples of Issuer Group Company in a sentence
De-mergers The Issuer shall not (and shall ensure that no other Issuer Group Company will) carry out any de-merger or other corporate reorganisation involving a split of the Issuer or any Issuer Group Company into two or more separate companies or entities.
Pari passu ranking The Issuer shall ensure that its obligations under the Finance Documents at all times rank at least as set out in Clause 2.4. Mergers The Issuer shall not (and shall ensure that no other Issuer Group Company will) carry out any merger or other business combination or corporate reorganisation involving a consolidation of the assets and obligations of the Issuer or any of its Subsidiaries.
Continuation of business The Issuer shall not (and shall ensure that no Issuer Group Company) cease to carry on its business, and shall procure that no substantial change is made to the general nature of the business of the Issuer Group from that carried on at the Settlement Date, and/or as set out in the Finance Documents.
Notwithstanding the above, no such approval shall be required if an Event of Default has occurred, or for the purpose of investigating or considering (i) an event or circumstance which the Bond Trustee reasonably believes is or may lead to an Event of Default or (ii) a matter relating to the Parent or an Issuer Group Company or the Finance Documents which the Bond Trustee reasonably believes may be detrimental to the interests of the Bondholders under the Finance Documents.
The Issuer shall procure that no Issuer Group Company shall enter into hedging arrangements for speculative purposes.
The Issuer shall not, and it shall procure that no other Issuer Group Company will, grant or allow to subsist (i) any loans or credits to any person or (ii) any guarantees or indemnities in respect of any obligation of any other person, in each case other than any Permitted Financial Support.
The Issuer shall not, and it shall ensure that no Issuer Group Company invest and/or undertake any capital expenditure obligation that exceeds an aggregate for the Issuer Group of USD 10,000,000 during the term of the Bonds, except for the remaining capital expenditure obligation under the EPC Construction Contract, any maintenance capital expenditure and/or enhancements relating to the Phase 1 Terminal and/or the Phase 2 Terminal in its ordinary course of business.
The Issuer shall not, and it shall procure that no other Issuer Group Company will, incur or allow to remain outstanding any Financial Indebtedness, other than Permitted Financial Indebtedness.
The Issuer shall not, and it shall procure that no other Issuer Group Company will, create or allow to subsist, retain, provide, prolong or renew any Security over any of its assets, other than Permitted Security.
The following lemma follows by a standard Chernoff and union bound argument similar to Lemma 5.4Lemma 8 The sample S picked in Step 2 is β-good with high probability (at least 1 − O(1/√n)).Therefore, in what follows we assume that the sample S is β-good.