{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "council-regulation", "type": "definition", "offset": [24, 42]}, {"key": "insolvency-proceedings", "type": "definition", "offset": [61, 83]}, {"key": "european-insolvency-regulation", "type": "clause", "offset": [90, 120]}, {"key": "center-of-main-interest", "type": "definition", "offset": [127, 150]}, {"key": "jurisdiction-of-incorporation", "type": "definition", "offset": [261, 290]}, {"key": "other-jurisdiction", "type": "definition", "offset": [405, 423]}], "samples": [{"hash": "aYKKLGnlsHA", "uri": "/contracts/aYKKLGnlsHA#comi", "label": "Credit Agreement (Essent Group Ltd.)", "score": 27.3449687958, "published": true}, {"hash": "fywArzBlLjb", "uri": "/contracts/fywArzBlLjb#comi", "label": "Credit Agreement (Essent Group Ltd.)", "score": 26.3757705688, "published": true}, {"hash": "b3uZPtSE02C", "uri": "/contracts/b3uZPtSE02C#comi", "label": "Credit Agreement (Essent Group Ltd.)", "score": 25.302532196, 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consent not to be unreasonably withheld or delayed), with respect to each UK Credit Party subject to the European Insolvency Regulation, its centre of main interest (centre des int\u00e9r\u00eats principaux) (as that term is used in Article 3(1) of the European Insolvency Regulation) is situated in its jurisdiction of incorporation.", "size": 4, "hash": "30656dd8d3e5baf5ba9f279c481b4142", "id": 10}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "each-loan-party", "type": "definition", "offset": [16, 31]}, {"key": "subject-to-the", "type": "clause", "offset": [32, 46]}, {"key": "european-insolvency-regulation", "type": "clause", "offset": [47, 77]}, {"key": "consent-of-the-administrative-agent", "type": "clause", "offset": [120, 155]}, {"key": "centre-of-main-interest", "type": "definition", "offset": [168, 191]}, {"key": "located-in", "type": "definition", "offset": [320, 330]}, {"key": "the-original", "type": "clause", "offset": [351, 363]}], "samples": [{"hash": "aftyUEfZZTR", "uri": "/contracts/aftyUEfZZTR#comi", "label": "Credit Agreement (Axalta Coating Systems Ltd.)", "score": 32.3593444824, "published": true}, {"hash": "bhKIAnn6t2T", "uri": "/contracts/bhKIAnn6t2T#comi", "label": "Fifth Amendment (Ortho Clinical Diagnostics Holdings PLC)", "score": 32.107460022, "published": true}, {"hash": "lLFZdnPdCV9", "uri": "/contracts/lLFZdnPdCV9#comi", "label": "Credit Agreement (Ortho Clinical Diagnostics Holdings PLC)", "score": 32.0088996887, "published": true}], "snippet": "With respect to each Loan Party subject to the European Insolvency Regulation, not knowingly, without the prior written consent of the Administrative Agent, change its centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) unless it is changing to a centre of main interest located in the same country as the original centre of main interest.", "size": 29, "hash": "3d0faea5bc9fb7b023661ef3819d0957", 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34.0075302124, "published": true}, {"hash": "N06DRBYpqw", "uri": "/contracts/N06DRBYpqw#comi", "label": "Incremental Joinder (SS&C Technologies Holdings Inc)", "score": 33.2190284729, "published": true}, {"hash": "5F22EwHpGet", "uri": "/contracts/5F22EwHpGet#comi", "label": "Credit Agreement (SS&C Technologies Holdings Inc)", "score": 29.2874736786, "published": true}], "snippet": "With respect to each Loan Party subject to the European Insolvency Regulation, its centre of main interest (centre des int\u00e9r\u00eats principaux) (as that term is used in Article 3(1) of the European Insolvency Regulation) is situated in its jurisdiction of incorporation and, with respect to each Loan Party incorporated in Luxembourg, the office (administration centrale) and the place of effective management (si\u00e8ge de direction effective) are located at the place of their registered office (si\u00e8ge statutaire) in Luxembourg.", "size": 5, "hash": "087c5efd256f639981d18674befbc9a3", "id": 6}, {"snippet_links": [{"key": "subsidiary-of", "type": "definition", "offset": [3, 16]}, {"key": "loan-party", "type": "definition", "offset": [21, 31]}, {"key": "jurisdiction-of-incorporation-or-organization", "type": "clause", "offset": [38, 83]}, {"key": "member-state-of-the-european-union", "type": "definition", "offset": [92, 126]}, {"key": "centre-of-main-interests", "type": "definition", "offset": [145, 169]}], "samples": [{"hash": "dPoXjTNMQb4", "uri": "/contracts/dPoXjTNMQb4#comi", "label": "Loan and Security Agreement (Mesoblast LTD)", "score": 29.6625595093, "published": true}, {"hash": "1YkC2lmq8HW", "uri": "/contracts/1YkC2lmq8HW#comi", "label": "Loan and Security Agreement (Mesoblast LTD)", "score": 29.6625595093, "published": true}], "snippet": "No Subsidiary of any Loan Party whose jurisdiction of incorporation or organization is in a member state of the European Union shall change its \u201ccentre of main interests\u201d (as that term is used in Article 3(1) of the Regulation).", "size": 4, "hash": "5b609adf3847b693a410a6e0e4aebc7e", "id": 9}], "next_curs": "Ck0SR2oVc35sYXdpbnNpZGVyY29udHJhY3RzcikLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ig1jb21pIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "COMI", "children": [["events-of-default", "Events of Default"], ["indebtedness", "Indebtedness"], ["liens", "Liens"], ["notices", "Notices"], ["delegation-of-duties", "Delegation of Duties"]], "parents": [["representations-and-warranties", "Representations and Warranties"], ["affirmative-covenants", "Affirmative Covenants"], ["central-administration-comi", "Central Administration; COMI"], ["negative-covenants", "Negative Covenants"], ["covenants-of-borrower", "COVENANTS OF BORROWER"]], "size": 115, "id": "comi", "related": [["meminta-nasihat", "meminta nasihat", "meminta nasihat"], ["sbc-12state", "SBC-12STATE", "SBC-12STATE"], ["pendahuluan", "Pendahuluan", "Pendahuluan"], ["conhecimento-da-lingua", "Conhecimento da Lingua", "Conhecimento da Lingua"], ["lokasi-\u2587\u2587\u2587-keterangan-hartanah", "LOKASI \u2587\u2587\u2587 KETERANGAN HARTANAH", "LOKASI \u2587\u2587\u2587 KETERANGAN HARTANAH"]], "related_snippets": [], "updated": "2026-04-24T05:04:27+00:00", "also_ask": ["How can the COMI clause be strategically drafted to influence jurisdiction in insolvency proceedings?", "What are the essential elements that must be included in a COMI clause to ensure legal clarity and enforceability?", "What are the main risks or vulnerabilities if the COMI clause is ambiguously defined or challenged in court?", "How does the COMI clause in this agreement compare to standard formulations in cross-border insolvency cases?", "What factors do courts typically consider when testing the enforceability of a COMI clause in litigation?"], "drafting_tip": "Define COMI precisely to avoid interpretive disputes; specify objective criteria to ensure predictability; align with relevant legal standards to enhance enforceability.", "explanation": "The COMI (Center of Main Interests) clause defines the primary jurisdiction or location where a company or entity is considered to have its main business operations for legal and insolvency purposes. In practice, this clause determines which country's courts have authority over insolvency proceedings by identifying where the entity conducts its central administration or main business activities. By establishing a clear COMI, the clause helps prevent disputes over jurisdiction and ensures that insolvency or restructuring processes are handled in a predictable and orderly manner."}, "json": true, "cursor": ""}}