Common use of Dormant Companies Clause in Contracts

Dormant Companies. procure that none of the companies listed in Part 2 of Schedule 16 ceases to be a Dormant Company, other than as a result of a liquidation of any such company which would not be an Event of Default, and do not acquire any assets which would make them a Material Company and do not assume any liabilities;

Appears in 1 contract

Sources: Facilities Agreement (Inveresk Research Group Inc)

Dormant Companies. procure that none of the companies listed in Part 2 of Schedule 16 ceases to be a Dormant Company, other than as a result of a liquidation of any such company which would not be an Event of Default, and do not acquire any assets which would make them a Material Company and do not assume any liabilities;; 76 84

Appears in 1 contract

Sources: Facilities Agreement (Inveresk Research Group LTD)