Examples of Permitted Restructuring in a sentence
Subject to these Security Principles (and with prejudice to any requirements set out in Schedule 5 (Permitted Restructuring)), each Obligor shall grant Security over its shares and Equity Interests in WXAT and in Group Members that are Material Subsidiaries.
The Issuer shall not enter into any transaction of merger or consolidation, change its business, liquidate, wind-up or dissolve (or suffer any liquidation or dissolution), discontinue its business, sell, transfer, assign, hypothecate, pledge, lease, sublease or otherwise dispose of any interest in any of its assets, except (x) in connection with a Permitted Restructuring or (y) otherwise as expressly permitted by the Financing Documents.
With respect to the following assets, the considerations set out below shall apply in relation to any Transaction Security over such assets (subject to any express requirements in Schedule 5 (Permitted Restructuring)).
The Issuer shall not cease to beneficially own, directly or indirectly, 100% of the Issuer Collateral, except as expressly permitted in the Financing Documents (including, without limitation, in connection with a Permitted Restructuring).