Common use of Mergers and demergers Clause in Contracts

Mergers and demergers. A decision is made that any Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect or a decision where the Issuer shall enter into a merger where the Issuer is not the surviving entity or a demerger.

Mergers and demergers. A decision is made that any Material Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect or a decision where the Issuer shall enter into Effect, provided that a merger involving the Issuer, where the Issuer is not the surviving entity or a demergerentity, shall always be considered an Event of Default and provided that the Issuer may not be demerged.

Mergers and demergers. A decision is made that any Material Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect or a decision where the Issuer shall enter into Effect, provided that (i) a merger involving the Issuer, where the Issuer is not the surviving entity or a demergerentity, shall always be considered an Event of Default and provided that the Issuer may not be demerged.

Mergers and demergers. A decision is made that any Group Company shall be demerged or merged if such merger or demerger is likely to have a Material Adverse Effect Effect, provided that a merger subject to existing security between Subsidiaries only or between the Issuer and a decision Subsidiary, where the Issuer is the surviving entity, shall enter into not be an Event of Default and a merger involving the Issuer, where the Issuer is not the surviving entity or a demergerentity, shall always be considered an Event of Default and provided that the Issuer may not be demerged.