NO WINDING-UP definition
NO WINDING-UP. No meeting has been convened or other action taken for winding up or dissolution, or for the appointment of any receiver or similar officer, in relation to Sublessee or any of its assets.
NO WINDING-UP no member of the Borrower Group has taken any corporate action or no other step has been taken or legal proceedings have been commenced or threatened against it for its winding-up, dissolution, administration or reorganisation or for the appointment of a receiver, administrator, trustee or similar officer of it or all or any of its assets or revenues, except as permitted by Clause 17.1(g) (Winding-up);
NO WINDING-UP it has not taken any corporate action nor has any other step has been taken or legal proceedings have been commenced or threatened against it for its winding-up, dissolution, administration or reorganisation or for the appointment of a receiver, administrator, trustee or similar officer of it or all or any of its assets or revenues, except as permitted by Clause 17.1(g) of the Facility Agreement;
More Definitions of NO WINDING-UP
NO WINDING-UP no order has been made or petition presented (which has not been discharged or stayed within 14 days of it being so presented) or any corporate action taken, or any other steps been taken or legal proceedings started or resolution passed for the winding-up of any Group Member or for an administration order in respect of any Group Member and no distress, execution or other process has been levied on any assets of any Group Member which has not been discharged or which in the bona fide opinion of the Facility Agent is not being contested by the relevant Group Member in good faith;