Common use of Center of Main Interests Clause in Contracts

Center of Main Interests. With respect to any Credit Party formed, incorporated or organized in the European Union, for the purposes of the European Union Regulation, its center of main interest (as that term is used in Article 3(1) of the European Union Regulation) shall be situated in its jurisdiction of incorporation, and it has no “establishment” (as that term is used in Article 2(h) of the European Union Regulation) in any other jurisdiction.

Appears in 4 contracts

Samples: Credit Agreement (Skillsoft Corp.), Term Loan Credit Agreement (Skillsoft Corp.), Credit Agreement (Skillsoft Corp.)

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Center of Main Interests. With respect to any Credit Party formed, incorporated or organized in the European Union, for the purposes of Regulation (EU) No 2015/848 on insolvency proceedings as amended (the European Union Regulation”), its center of main interest (as that term is used in Article 3(1) of the European Union Regulation) shall be is situated in its jurisdiction of incorporation, and it has no “establishment” (as that term is used in Article 2(h) of the European Union Regulation) in any other jurisdiction.

Appears in 4 contracts

Samples: Credit Agreement (Skillsoft Corp.), Credit Agreement (Skillsoft Corp.), Senior Secured Term Loan Credit Agreement (Skillsoft Corp.)

Center of Main Interests. With respect to any Credit Party formed, incorporated or organized in the European UnionUnion (other than any Credit Party organized in Luxembourg), for the purposes of the European Union Regulation, its center of main interest (as that term is used in Article 3(1) of the European Union Regulation) shall be situated in its jurisdiction of incorporation, and it has no “establishment” (as that term is used in Article 2(h2(10) of the European Union Regulation) in any other jurisdiction.

Appears in 2 contracts

Samples: Credit Agreement (Skillsoft Corp.), Credit Agreement (Skillsoft Corp.)

Center of Main Interests. With respect to any Credit Party formed, incorporated or organized in the European UnionUnion (other than any Credit Party organized in Luxembourg), for the purposes of of Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “European Union Regulation”), its center of main interest (as that term is used in Article 3(1) of the European Union Regulation) shall be is situated in its jurisdiction of incorporation, and it has no “establishment” (as that term is used in Article 2(h2(10) of the European Union Regulation) in any other jurisdiction.

Appears in 1 contract

Samples: Credit Agreement (Skillsoft Corp.)

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Center of Main Interests. With respect to any Credit Party formed, incorporated or organized in the European UnionUnion (other than any Credit Party organized in Luxembourg), for the purposes of of Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “European Union Regulation”), its center of main interest (as that term is used in Article 3(1) of the European Union Regulation) shall be is situated in its jurisdiction of incorporation, and it has no “establishment” (as that term is used in Article 2(h2(10) of the European Union Regulation) in any other jurisdiction.. 117

Appears in 1 contract

Samples: Credit Agreement (Skillsoft Corp.)

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