Common use of COMI Regulation Clause in Contracts

COMI Regulation. For the purposes of the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “COMI Regulation”), each Loan Party incorporated or organized under the laws of a country that is a member of the European Union has its (after giving effect to the Transactions) center of main interest (as that term is used in Article 3(1) of the COMI Regulation) situated in its jurisdiction of incorporation and it has no “establishment” (as such term is used in Article 2(10) of the COMI Regulation) in any other jurisdiction, in each case, other than as permitted pursuant to Section 6.19.

Appears in 2 contracts

Samples: Credit Agreement (Farfetch LTD), Credit Agreement (Farfetch LTD)

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COMI Regulation. For the purposes of the Regulation (EU) 2015/848 The Council of the European Parliament and of the Council of 20 May 2015 Union Regulation No. 2015/848 on insolvency proceedings (recast) Insolvency Proceedings (the “COMI Regulation”), each Loan Party incorporated or organized under the laws of a country that is a member of the European Union has its (after giving effect to the Transactions) center of main interest (as that term is used in Article 3(1) of the COMI Regulation) situated in its jurisdiction of incorporation and it has no “establishment” (as such term is used in Article 2(102 (10) of the COMI Regulation) in any other jurisdiction, in each case, other than as permitted pursuant to Section 6.19.

Appears in 1 contract

Samples: Credit Agreement (Atotech LTD)

COMI Regulation. For the purposes of the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “COMI Regulation”), each Loan Party incorporated or organized under the laws of a country that is a member of the European Union has its (after giving effect to the Transactionstransactions) center of main interest (as that term is used in Article 3(1) of the COMI Regulation) situated in its jurisdiction of incorporation and it has no “establishment” (as such term is used in Article 2(102 (10) of the COMI Regulation) in any other jurisdiction, in each case, other than as permitted pursuant to Section 6.19.

Appears in 1 contract

Samples: Patent Security Agreement (Dole PLC)

COMI Regulation. For the purposes of the Regulation (EU) 2015/848 The Council of the European Parliament and of the Council of 20 May 2015 Union Regulation No. 1346/2000 on insolvency proceedings (recast) Insolvency Proceedings (the “COMI Regulation”), each Loan Party incorporated or organized under the laws of a country that is a member of the European Union has its (after giving effect to the Transactions) center of main interest (as that term is used in Article 3(1) of the COMI Regulation) situated in its jurisdiction of incorporation and it has no “establishment” (as such term is used in Article 2(102(h) of the COMI Regulation) in any other jurisdiction, in each case, other than as permitted pursuant to Section 6.19.

Appears in 1 contract

Samples: Credit Agreement (Atotech LTD)

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COMI Regulation. For Except as set forth in the Guaranty entered into by the relevant Loan Party, for the purposes of the Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) (the “COMI Regulation”), each Loan Party incorporated or organized under the laws of a country that is a member of the European Union has its (after giving effect to the Transactionstransactions) center of main interest (as that term is used in Article 3(1) of the COMI Regulation) situated in its jurisdiction of incorporation and it has no “establishment” (as such term is used in Article 2(102 (10) of the COMI Regulation) in any other jurisdiction, in each case, other than as permitted pursuant to Section 6.19.

Appears in 1 contract

Samples: Credit Agreement (Sylvamo Corp)

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