Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor to perform any of its obligations under the Finance Documents.
Effectiveness of Finance Documents. (a) It is or becomes unlawful for the Company to perform any of its obligations under the Finance Documents.
Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Party (other than a Finance Party or the Account Bank) to perform any of its material obligations under the Finance Documents.
Effectiveness of Finance Documents. The Company repudiates a Finance Document or evidences in writing an intention to repudiate a Finance Document.
Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor to perform any of its material obligations under the Finance Documents. (b) Any Finance Document is not effective or is alleged by an Obligor to be ineffective for any reason. (c) An Obligor repudiates a Finance Document or evidences an intention to repudiate a Finance Document. 20.11 Ownership of the Obligors (a) An Obligor (other than the Company) is not or ceases to be a wholly-owned Subsidiary of the Company. (b) Any person, or group of persons acting in concert, directly or indirectly acquires, or becomes entitled to, or to any beneficial entitlement in, 40 per cent. or more of the outstanding voting stock of the Company. 20.12 Expropriation Assets of any Material Group Member are expropriated to an extent which is reasonably likely to have a Material Adverse Effect. 20.13 Final judgment (a) One or more final judgments for the payment of money in excess of US$50,000,000 (or its equivalent in any other currency) in aggregate is rendered against any Obligor or any Material Subsidiary; and (b) the relevant company fails to discharge that judgment or provide for its discharge in accordance with its terms, or procure a stay of execution of that judgment, within 60 days after the date of entry of that judgment; however, any such judgment or order will not be (and will not constitute part of) an Event of Default if and for so long as: (i) the amount of the judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof; and (ii) the relevant insurer has been notified of, and has not disputed the claim made for payment of, the amount of that judgment or order. <PAGE> 20.14 ERISA (a) Any member of the ERISA Group fails to pay within 60 days of the date when due an amount or amounts aggregating in excess of US$50,000,000 which it has become liable to pay under Title IV of ERISA; or (b) notice of intent to terminate a Plan or Plans having aggregate Unfunded Liabilities in excess of US$50,000,000 (collectively, a "Material Plan") is filed under Title IV of ERISA (other than in a standard termination under Section 4041(b) of ERISA) by any member of the ERISA Group, any plan administrator or any combination of the foregoing; or (c) the PBGC institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for the premiums under Section 4007 of ERISA) in respect of or to cause the trustee to be appointed to administer any Mat...
Effectiveness of Finance Documents. (a) It is or becomes unlawful for the Parent to perform its obligations under Clause 19 (Financial covenants) or for any Obligor to perform its payment obligations or other material obligations under any Finance Document.
Effectiveness of Finance Documents. (a) It is or becomes unlawful for any Obligor to perform any of its obligations under the Finance Documents and, in the case of an Obligor other than the Company, the relevant Obligor does not resign in accordance with Clause 31.8 (Resignation of a Borrower (other than the Company)) within five Business Days of the unlawfulness arising.
Effectiveness of Finance Documents. (a) It is or becomes unlawful for a Borrower or any other Party (other than a Finance Party or the Account Bank) to perform any of its material obligations under the Finance Documents.
Effectiveness of Finance Documents. (a) Any obligation of an Obligor (including any obligation under Clause 16 (Guarantee) under the Finance Documents is not effective or is alleged by any Obligor to be ineffective for any reason.
Effectiveness of Finance Documents. (i) Any Finance Document is not effective in accordance with its terms or is alleged by an Obligor to be ineffective in accordance with its terms for any reason.
