Common use of Nationalization Clause in Contracts

Nationalization. The confiscation, expropriation or nationalization by any governmental authority to which the Company or a Subsidiary is subject of any material property or assets of the Company or its Subsidiaries, taken as a whole (it being agreed, however, that it shall not be an Event of Default if the PRC government or any local instrumentality thereof shall require that the Company or its Affiliates move its principal venue of operations to a different location within the PRC (a “Principal Venue Move”); or

Appears in 1 contract

Sources: Securities Purchase Agreement (Tanke Biosciences Corp)

Nationalization. The confiscation, expropriation or nationalization by any governmental authority to which the Company or a Subsidiary is subject of any material property or assets of the Company or its Subsidiaries, taken as a whole (it being agreed, however, that it shall not be an Event of Default if the PRC government or any local instrumentality thereof shall require that the Company Bohai or its Affiliates move its principal venue of operations to a different location within the PRC (a “Principal Venue Move”); or

Appears in 1 contract

Sources: Senior Convertible Promissory Note (Link Resources Inc.)