Common use of Nationalisation Clause in Contracts

Nationalisation. Any Governmental Authority condemns, nationalises, seizes or otherwise expropriates all or any substantial part of the property or other assets of the Borrower, any Subsidiary Guarantor or any Significant Subsidiary or of its share capital, or assumes custody or control of such property or other assets or of the business or operations of the Borrower, any Subsidiary Guarantor or any Significant Subsidiary or of its share capital, or acquires majority ownership of the Borrower, any Subsidiary Guarantor or any Significant Subsidiary or takes any action for the dissolution or disestablishment of the Borrower, any Subsidiary Guarantor or any Significant Subsidiary or any action that would prevent the Borrower, any Subsidiary Guarantor or any Significant Subsidiary or its officers from carrying on its business or operations or a substantial part thereof.