Common use of Assets of the Borrower Clause in Contracts

Assets of the Borrower. except as permitted by the Financing Documents, the Borrower ceases to be the sole lawful and beneficial owner of, and having good title to, any material part of its assets, and such assets or part thereof, are not re-acquired or replaced in a manner satisfactory to the Lenders within fifteen (15) days of such cessation;

Appears in 7 contracts

Samples: Letter Of (Mercer International Inc.), Account Pledge Agreement (Mercer International Inc), Account Pledge Agreement (Mercer International Inc.)

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