Common use of Central Administration; COMI Clause in Contracts

Central Administration; COMI. The German Borrower has its central administration (administration centrale) and, for the purposes of the European Insolvency Regulation, the center of its main interests (centre des intérêts principaux) at the place of its registered office (siège statutaire) in Germany and, as of the Closing Date, has no establishment (as defined in the European Insolvency Regulation) outside Germany. Each Loan Party formed in the European Union has its central administration (administration centrale) and, for purposes of the European Insolvency Regulation, the center of its main interests (centre des intérêts principaux) at the place of its registered office (siège statutaire) in the European Union and, as of the Closing Date, has no establishment (as defined in the European Insolvency Regulation) outside the European Union.