Common use of Cessation of Business Clause in Contracts

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 35 contracts

Samples: Assignment Agreement (Grindrod Shipping Holdings Ltd.), Facility Agreement (United Maritime Corp), Facility Agreement (GasLog Ltd.)

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Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or of the business of the Group taken as a whole.

Appears in 12 contracts

Samples: Agreement (GDS Holdings LTD), Agreement (GDS Holdings LTD), Loan Agreement (Phoenix New Media LTD)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease ceases to carry on) all or a material part of its business.

Appears in 12 contracts

Samples: Assignment Agreement (Ardmore Shipping Corp), Assignment Agreement (Ocean Rig UDW Inc.), And Restatement Agreement (Ardmore Shipping Corp)

Cessation of Business. Any Transaction Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 10 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Seanergy Maritime Holdings Corp.), Agreement (Global Ship Lease, Inc.)

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 7 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Agreement (DHT Holdings, Inc.), Agreement (DHT Holdings, Inc.)

Cessation of Business. Any Obligor of the Obligors suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 4 contracts

Samples: Facility Agreement (DHT Holdings, Inc.), Facility Agreement (DHT Holdings, Inc.), Facility Agreement (Nordic American Offshore Ltd.)

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of on its business.

Appears in 4 contracts

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)

Cessation of Business. Any Obligor suspends (whether by one or a series of transactions) suspends, changes or ceases to carry on (or threatens to suspend suspend, change or cease to carry on) all or a material part of its business.

Appears in 4 contracts

Samples: Framework Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC), And Restatement Agreement (Seadrill Partners LLC)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) on all or a material part of its businessbusiness except as part of a Permitted Merger, Permitted Transaction or a Permitted Disposal.

Appears in 3 contracts

Samples: Facility Agreement (Rockwood Specialties Group Inc), Facility Agreement (Rockwood Specialties Group Inc), Agreement (Rockwood Holdings, Inc.)

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 3 contracts

Samples: Agreement (Rockley Photonics Holdings LTD), Agreement (Rockley Photonics Holdings LTD), Loan Facilities Agreement

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) on all or a material part of its business.

Appears in 2 contracts

Samples: Facility Agreement (Mechel OAO), Agreement (Mechel OAO)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness as conducted at the date of this Agreement.

Appears in 2 contracts

Samples: Agreement (SunOpta Inc.), Multipurpose Facilities Agreement (SunOpta Inc.)

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material substantial part of its business, or otherwise substantially changes the general nature of its business without the prior written consent of the Majority Lenders.

Appears in 2 contracts

Samples: Assignment Agreement (DHT Holdings, Inc.), Assignment Agreement (DHT Holdings, Inc.)

Cessation of Business. Any Either Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or of the business of the Group taken as a whole.

Appears in 2 contracts

Samples: Facility Agreement (PCGI Intermediate Holdings LTD), Agreement (PCGI Intermediate Holdings LTD)

Cessation of Business. 28.32 Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 2 contracts

Samples: www.lw.com, Teekay LNG Partners L.P.

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness which it undertakes at the First Utilisation Date.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Sibanye Gold LTD), Sibanye Gold LTD

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or materially change their business (whether by one or a series of transactions).

Appears in 2 contracts

Samples: Credit Facilities Agreement, Credit Facilities Agreement (KNOT Offshore Partners LP)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part substantially all of its business.

Appears in 2 contracts

Samples: Facility Agreement (Gulfmark Offshore Inc), Facility Agreement (Gulfmark Offshore Inc)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness other than as approved pursuant to this Agreement.

Appears in 2 contracts

Samples: Agreement (Dorian LPG Ltd.), Agreement (Dorian LPG Ltd.)

Cessation of Business. Any Obligor suspends or ceases to carry on (its business or threatens to suspend or cease to carry on) all or a material part of its businessdo so.

Appears in 2 contracts

Samples: Facility Agreement (Avolon Holdings LTD), Facility Agreement (Avolon Holdings LTD)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businesscore business activities.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (HeadHunter Group PLC), Independent Guarantee Agreement (HeadHunter Group PLC)

Cessation of Business. Any Obligor suspends suspends, ceases, or ceases threatens or proposes to suspend or cease, to carry on (or threatens to suspend or cease to carry on) all or a material substantial part of its business.

Appears in 1 contract

Samples: Facility Agreement (Atmel Corp)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.. 93954-4-1-v3.0 -68- 70-40529536

Appears in 1 contract

Samples: Midamerican Energy Holdings Co /New/

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) on all or a material part of its businessbusiness except as a result of the Agreed Reorganisation.

Appears in 1 contract

Samples: Facility Agreement (Wimm Bill Dann Foods Ojsc)

Cessation of Business. Any Obligor suspends or ceases (or threatens in writing to suspend or cease) to carry on (or threatens to suspend or cease to carry on) all or a material part of its business or to change the nature of its business, in each case from that undertaken at the date of this Agreement.

Appears in 1 contract

Samples: Vantage Drilling CO

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness except as a result of any disposal allowed under this Agreement.

Appears in 1 contract

Samples: Assignment Agreement (American Realty Capital Global Trust II, Inc.)

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Cessation of Business. Any Obligor suspends (whether by one or a series of transactions) suspends, or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 1 contract

Samples: Credit Facility Agreement (North Atlantic Drilling Ltd.)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness except as a result of a Permitted Disposal or a Permitted Transaction.

Appears in 1 contract

Samples: Restatement Agreement (Claires Stores Inc)

Cessation of Business. Any An Obligor suspends or ceases to carry on (or threatens to suspend suspense or cease to carry on) all or a material part of its business.

Appears in 1 contract

Samples: Agreement (KNOT Offshore Partners LP)

Cessation of Business. Any Obligor suspends or suspends, ceases to carry on (or threatens to suspend or cease to carry on) on all or a material substantial part of its business.

Appears in 1 contract

Samples: Brooge Holdings LTD

Cessation of Business. Any Obligor of the Obligors suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material substantial part of its business, or otherwise substantially changes the general nature of its business.

Appears in 1 contract

Samples: Facility Agreement (Flex LNG Ltd.)

Cessation of Business. Any Obligor ceases, suspends or ceases to carry on (or threatens to cease or suspend or cease to carry on) all or a material substantial part of its businessbusinesses or operations.

Appears in 1 contract

Samples: Credit Agreement (Cognos Inc)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens in writing to suspend or cease cease, to carry on) all or a material part of its business.

Appears in 1 contract

Samples: Master Agreement (Chemtura CORP)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness which it undertakes at the Signature Date.

Appears in 1 contract

Samples: Sibanye Gold LTD

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness which has or is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: en.hk1282.com

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease ceases to carry on) all or a material part of its business.. 132 β€Œ EUROPE/73091764v9

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) on all or a material part of its businessbusiness except as part of a Permitted Transaction or a Permitted Disposal.

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of on its business.

Appears in 1 contract

Samples: And Restatement Agreement (Pangaea Logistics Solutions Ltd.)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness as at the Closing Date and such cessation has or would reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: caruna-cms-prod.s3-eu-west-1.amazonaws.com

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.. 163 UK-#396550026-v7 Exhibit 4.12

Appears in 1 contract

Samples: Agreement (Navigator Holdings Ltd.)

Cessation of Business. Any Either Obligor suspends or threatens to suspend or ceases to carry on (or threatens to suspend or cease to carry on) on all or a material substantial part of its businessthe business in which it is engaged as of the date of this Agreement.

Appears in 1 contract

Samples: Facility Agreement (McDermott International Inc)

Cessation of Business. Any Obligor suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) on all or a material part of its businessbusiness save as a result of a Permitted Reorganisation and with the prior consent of the Majority Lenders.

Appears in 1 contract

Samples: Agreement (Sequa Corp /De/)

Cessation of Business. (a) Any Obligor suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.

Appears in 1 contract

Samples: Assignment Agreement (Castor Maritime Inc.)

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