Common use of Cessation of Business Clause in Contracts

Cessation of Business. Any member of the Group 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 12 contracts

Samples: Revolving Credit Facility Agreement (Karooooo Ltd.), Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc), Facility Agreement (Ener1 Inc)

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Cessation of Business. Any member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness where such suspension or cessation is reasonably likely to have a Material Adverse Effect.

Appears in 9 contracts

Samples: Note Purchase Agreement (Luxfer Holdings PLC), Facilities Agreement (Luxfer Holdings PLC), Guarantee Agreement (Luxfer Holdings PLC)

Cessation of Business. Any member of the Group 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 7 contracts

Samples: Agreement (Metals Acquisition Corp), And Restatement Agreement (Central European Distribution Corp), Facility Agreement (Central European Distribution Corp)

Cessation of Business. Any member of the Group Member suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or ceases to be in good standing (if applicable).

Appears in 6 contracts

Samples: Facility Agreement (China TransInfo Technology Corp.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (Harbin Electric, Inc)

Cessation of Business. Any Obligor or other member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness and such event has or would reasonably be expected to have a Material Adverse Effect.

Appears in 5 contracts

Samples: Intercreditor Agreement (Melco Crown Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Cessation of Business. Any member of the Group Member 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 (Quintana Shipping Ltd.), Agreement (Cool Co Ltd.), Agreement (Cool Co Ltd.)

Cessation of Business. Any member of the Group which is a Material Company 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 4 contracts

Samples: Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Cessation of Business. Any member of the Group 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 3 contracts

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

Cessation of Business. Any member of the A Group Member suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) all or a material part of on its business, where such suspension or cessation having a Material Adverse Effect.

Appears in 2 contracts

Samples: Multicurrency Guarantee Facility Agreement (Acergy S.A.), Agreement (Acergy S.A.)

Cessation of Business. Any member of the The Group (taken as a whole) 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 otherwise permitted by this Agreement.

Appears in 2 contracts

Samples: Facility Agreement (Randgold Resources LTD), Facility Agreement (Randgold Resources LTD)

Cessation of Business. Any member of the Group 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 2 contracts

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

Cessation of Business. Any member of the Group Group, any Obligor or any other Security Provider 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: Facilities Agreement (Lesaka Technologies Inc), GBF Agreement (Net 1 Ueps Technologies Inc)

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

Appears in 2 contracts

Samples: Agreement (Independent Energy Holdings PLC), Agreement (Hutchison Telecommunications International LTD)

Cessation of Business. Any member of the The Group 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: Convertible Note Purchase Agreement (New Ruipeng Pet Group Inc.), Facility Agreement (WABCO Holdings Inc.)

Cessation of Business. Any member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness where this might reasonably be expected to have a Material Adverse Effect.

Appears in 2 contracts

Samples: Facilities Agreement (Igate Corp), Facilities Agreement (Igate Corp)

Cessation of Business. Any member of the The Group taken as a whole 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: Facilities Agreement (NDS Group PLC), Mezzanine Facility Agreement (NDS Group PLC)

Cessation of Business. Any member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.. 20.12

Appears in 1 contract

Samples: Agreement (Century Aluminum Co)

Cessation of Business. Any member of the A Group Member suspends or ceases to carry on (or threatens to suspend or cease cease) to carry on) all or a material part of on its business, where such suspension or cessation has a Material Adverse Effect.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.)

Cessation of Business. Any member of the The Group suspends or ceases 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: Credit Agreement (Genpact LTD)

Cessation of Business. Any A member of the Group suspends ceases, or ceases threatens to cease, to carry on (or threatens to suspend or cease to carry on) all all, or a material part of its business.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rentokil Initial PLC /Fi)

Cessation of Business. Any member of the Obligor or other Group Member suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or ceases to be in good standing (if applicable).

Appears in 1 contract

Samples: Facility Agreement (Guoren Industrial Developments LTD)

Cessation of Business. Any A member of the Group suspends or ceases to carry on (suspends, ceases, or threatens to suspend or cease cease, to carry on) on all or a material substantial part of its business.business or to change the nature of its business from that undertaken at the date of this Agreement except:

Appears in 1 contract

Samples: Credit Agreement (Merix Corp)

Cessation of Business. Any member of the A Group Member suspends or ceases 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: Confidential   Execution (Golar LNG LTD)

Cessation of Business. Any Obligor or any member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness which is material in the context of the Group (taken as a whole) except as a result of a Permitted Disposal or a Permitted Transaction.

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Cessation of Business. Any In the reasonable opinion of the Lender, any member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or the Project except as a result of a Permitted Disposal or a Permitted Transaction.

Appears in 1 contract

Samples: Loan Agreement (Melco Crown Entertainment LTD)

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Cessation of Business. Any member of the Group Member suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness or ceases to be in good standing (if applicable), except for suspension or cessation of business pursuant to a Permitted Dissolution.

Appears in 1 contract

Samples: Facilities Agreement (3SBio Inc.)

Cessation of Business. Any member of the The Group (taken as a whole) 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: Facilities Agreement (ShangPharma Corp)

Cessation of Business. Any A member of the Wider Group 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: Revolving Credit Facility Agreement (Lesaka Technologies Inc)

Cessation of Business. Any Obligor or any other member of the Group 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: Facility Agreement (Tongjitang Chinese Medicines Co)

Cessation of Business. Any member of the Restricted Group Member ceases or suspends or ceases to carry on (or threatens to cease or suspend or cease to carry on) all or a material part substantial portion of its business.

Appears in 1 contract

Samples: Credit Agreement (MDC Partners Inc)

Cessation of Business. Any Obligor or any member of the Group 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 1 contract

Samples: Assignment Agreement (China Shandong Industries, Inc.)

Cessation of Business. Any member of the The Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its respective business.

Appears in 1 contract

Samples: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Cessation of Business. Any member of the The Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) its business or substantially all or a material part of its businessbusiness as it is generally being conducted as at the Initial Closing Date.

Appears in 1 contract

Samples: Subscription Agreement (Radius Global Infrastructure, Inc.)

Cessation of Business. Any member of the Group 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 (provided that, in the case of members of the Group which are not Borrowers, it has a Material Adverse Effect).

Appears in 1 contract

Samples: Facilities Agreement (Central European Distribution Corp)

Cessation of Business. Any member of the Xxxxxx X.X. Group Member ceases or suspends or ceases to carry on (or threatens to cease or suspend or cease to carry on) all or a material part Substantial Portion of its business.

Appears in 1 contract

Samples: Loan Agreement (Gerdau Usa Inc)

Cessation of Business. Any member of the The Group (taken as a whole) suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its businessbusiness as it is generally being conducted as at the Closing Date.

Appears in 1 contract

Samples: Agreement (Digital Landscape Group, Inc.)

Cessation of Business. Any member of the The Group (taken as a whole) 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: Agreement (Endava PLC)

Cessation of Business. Any Obligor or other member of the Group suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business, unless otherwise permitted by this Agreement.

Appears in 1 contract

Samples: Facility Agreement (Orion Engineered Carbons S.a r.l.)

Cessation of Business. Any member of the The Group taken as a whole 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 Permitted Transaction.

Appears in 1 contract

Samples: Facility Agreement (Amc Entertainment Holdings, Inc.)

Cessation of Business. Any member of the The Group 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 not prohibited by this Agreement.

Appears in 1 contract

Samples: www.workspace.co.uk

Cessation of Business. Any member of the Group 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.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

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