Examples of Luxembourg Obligor in a sentence
A provision allowing any other party to appoint a replacement process agent instead of the Luxembourg Obligor would most likely not be enforceable in or the effects thereof recognised by a Luxembourg court.
Neither the entry by each Luxembourg Obligor into the Transaction Documents to which it is a party nor the performance by each Luxembourg Obligor of its obligations under those Transaction Documents constitute a violation of its Constitutional Documents, nor conflict with or otherwise breach Luxembourg laws generally applicable to companies.
In relation to the provision of any Transaction Document providing that a Luxembourg Obligor shall hold on trust certain assets received, the non-recognition of the trust under Luxembourg law would cause the purported beneficiaries to only have an unsecured claim against the relevant Luxembourg Obligor, which claim will rank pari passu with the claims of other unsecured creditors of the relevant Luxembourg Obligor.
None of the above restrictions shall apply to the extent that the guarantee under this Clause 20 secures the own obligations of the Luxembourg Obligor or the obligations of any direct or indirect subsidiary of the Luxembourg Obligor.
In relation to the provision of any Transaction Document providing that the Luxembourg Obligor shall hold on trust certain assets received, the non-recognition of the trust under Luxembourg law would cause the purported beneficiaries to only have an unsecured claim against the Luxembourg Obligor, which claim will rank pari passu with the claims of other unsecured creditors of the Luxembourg Obligor.