MOA Termination Event means each of the events specified in paragraph (a) of Clause 14 (MOA Termination Events).
Examples of MOA Termination Event in a sentence
The Sellers shall promptly, upon becoming aware of the same, inform the Buyers in writing of the occurrence of any MOA Termination Event (and the steps, if any, being taken to remedy this) and, upon receipt of a written request to that effect from the Buyers, confirm to the Buyers that, save as previously notified to the Buyers or as notified in such confirmation, no MOA Termination Event is continuing or if an MOA Termination Event is continuing specifying the steps, if any, being taken to remedy it.
The Sellers shall not, and shall procure that none of the other Obligors (other than any Pledgor and the Charter Guarantor) shall, pay any dividends or make other distributions to its shareholders whilst an MOA Termination Event is continuing.