Common use of Cessation of Business Clause in Contracts

Cessation of Business. The Borrower 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 13 contracts

Samples: Agreement (Sap France S.A.), Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

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Cessation of Business. The the Borrower suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of on its business.; or

Appears in 10 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

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

Appears in 6 contracts

Samples: Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP), Agreement (Hoegh LNG Partners LP)

Cessation of Business. The Borrower 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 6 contracts

Samples: Loan Agreement (Future Acres, Inc.), Agreement (Piestro, Inc.), Agreement (Piestro, Inc.)

Cessation of Business. The Borrower 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 5 contracts

Samples: Facility Agreement (Golden Meditech Holdings LTD), Facility Agreement (Huang Julia), Amendment and Restatement Agreement (Visteon Corp)

Cessation of Business. The the Borrower suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business.; or

Appears in 5 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Confidential (Golar LNG Partners LP), Loan Agreement (Navios Maritime Acquisition Corp)

Cessation of Business. The Borrower suspends ceases or ceases proposes to carry cease carrying on (business, or a substantial part thereof, or makes or threatens to suspend or cease to carry on) all or make a material part bulk sale of its businessproperty.

Appears in 4 contracts

Samples: Carbon Energy Corp, Evergreen Resources Inc, Carbon Energy Corp

Cessation of Business. The Any Borrower suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material substantial part of its businessbusiness or operations or sells, transfers or otherwise disposes of the whole or substantial part of its undertaking or assets, whether by a single transaction or a number of transactions.

Appears in 2 contracts

Samples: Facility Agreement (Tower Group International, Ltd.), Letter of Credit Facility Agreement (Tower Group International, Ltd.)

Cessation of Business. The Borrower suspends or ceases to carry on (or threatens or takes any action to suspend or cease to carry on) all or a material part of its business.

Appears in 2 contracts

Samples: Loan Agreement (Safe & Green Development Corp), Loan Agreement (Safe & Green Holdings Corp.)

Cessation of Business. The Borrower suspends suspends, ceases or ceases threatens to cease to carry on (or threatens to suspend or cease to carry on) all or a material part any of its businesscurrent businesses or give notice of its intention to do so which, in the opinion of any Finance Party, could have a Material Adverse Effect.

Appears in 1 contract

Samples: Agreement (Sesa Sterlite LTD)

Cessation of Business. The Borrower 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 (Advance Nanotech, Inc.)

Cessation of Business. The Borrower 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 save where the prior consent of the Lender has been obtained by the Borrower for such cessation of business.

Appears in 1 contract

Samples: Mining Lease Agreement (Tiffany & Co)

Cessation of Business. The Borrower 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: Facility Agreement (Cordlife Group LTD)

Cessation of Business. The A Borrower or the Group 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 or their business.

Appears in 1 contract

Samples: Facilities Agreement

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Cessation of Business. The Borrower or the Company 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 (GAN LTD)

Cessation of Business. The Borrower or the Parent 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 (Spansion Inc.)

Cessation of Business. The A Borrower 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 (Gran Tierra Energy Inc.)

Cessation of Business. The Borrower 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 (Cheng Zheng)

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

Appears in 1 contract

Samples: Agreement (Archstone Smith Trust)

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

Appears in 1 contract

Samples: Facilities Agreement (WEIBO Corp)

Cessation of Business. The Borrower 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: Facility Agreement (American Realty Capital Global Trust II, Inc.)

Cessation of Business. The Borrower suspends or suspends, ceases to carry on (or threatens to suspend or cease to carry on) all on its business or a material part ceases to hold any licence, authorisation or consent necessary or desirable for the conduct of its business.;

Appears in 1 contract

Samples: Loan Agreement (Mendocino Brewing Co Inc)

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