Common use of No Winding-up Clause in Contracts

No Winding-up. None of the Security Parties has taken any corporate action nor have any other steps been taken or legal proceedings been started or (to the best of the Borrower’s knowledge and belief) threatened against any Security Party for its winding-up, dissolution, administration or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee or similar officer of it or of any or all of its assets or revenues which (in relation to Security Parties other than the Borrower) might have a Material Adverse Effect.

No Winding-up. None of the Security Parties has taken any corporate corporate, limited liability company or limited partnership action nor have any other steps been taken or legal proceedings been started or (to the best of the Borrower’s knowledge and belief) threatened against any Security Party for its winding-up, dissolution, administration or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee or similar officer of it or of any or all of its assets or revenues which (in relation to Security Parties other than the Borrower) might have a Material Adverse EffectEffect on the business or financial condition of the Group taken as a whole.

No Winding-up. None of the Security Parties has taken any corporate or limited partnership action nor have any other steps been taken or legal proceedings been started or (to the best of the Borrower’s knowledge and belief) threatened against any Security Party for its winding-up, dissolution, administration or reorganisation or for the appointment of a receiver, administrator, administrative receiver, trustee or similar officer of it or of any or all of its assets or revenues which (in relation to Security Parties other than the Borrower) might have a Material Adverse Effect.