Examples of TCN Group in a sentence
Each Obligor shall (and TCN shall procure that each member of the TCN Group shall) maintain and preserve all of its assets that are necessary in the conduct of its business as it is conducted from time to time, in good working order and condition subject to ordinary wear and tear where any failure to do so would be reasonably likely to have a Material Adverse Effect.
But using that as a return type is worse than useless, because you’d have to use typing.
Any execution, distress or diligence is levied against, or an encumbrancer takes possession of, the whole or any part of, the property, undertaking or assets having an aggregate value of more than £1,000,000 (or its equivalent in other currencies) of Telewest UK or any TCN Group Obligor which is a Material Subsidiary and the same is not discharged within 30 days.
The auditors resign their appointment as auditors of the Group or the TCN Group as a result of the investigation detailed in the Supplement under circumstances which, in the opinion of the Facility Agent, acting on the instructions of an Instructing Group are materially adverse to the credit of the Obligors (taken as a whole).
Each Obligor shall (and TCN shall procure that each member of the TCN Group shall) ensure that its execution of the Finance Documents to which it is a party and the performance of its obligations thereunder does not contravene any applicable local laws and regulations concerning fraudulent conveyance, financial assistance by a company for the acquisition of or subscription for its own shares or the shares of its parent or any other company or concerning the protection of shareholders’ capital.
No TCN Group Obligor shall (and TCN shall procure that no member of the TCN Group shall), without the prior consent of the Facility Agent, change the end of its financial year from 31 December.
Telewest UK shall procure that any monies which are at any time contributed by any member of the Group to any member of the TCN Group shall be contributed by way of Subordinated Funding, by way of an investment through capital contribution or a subscription of securities or convertible unsecured loan stock in the relevant member of the TCN Group.
In the case of TCN only, as at 31 December 2003, neither TCN nor any of its Subsidiaries had any material liabilities (contingent or otherwise) which were not disclosed in the Original Financial Statements (or by the notes thereto) or reserved against therein and the TCN Group had no material unrealised or anticipated losses arising from commitments entered into by it which were not so disclosed or reserved against, in each case, to the extent required to be disclosed by applicable GAAP.
The representations and warranties in clauses 3.1.1 to 3.1.3 inclusive and in clause 3.1.5 (insofar as it relates to the TCN Group) shall be deemed to be repeated by the New Lessee in accordance with the provisions of clause 19.4(v) of the Master Leasing Agreement.
No Obligor incorporated or otherwise existing under the laws of England shall (and TCN shall procure that no other member of the TCN Group incorporated or otherwise existing under the laws of England shall), without the prior written consent of an Instructing Group, cause or allow its Centre of Main Interests to change to a country other than England.