Common use of No Winding Clause in Contracts

No Winding. up None of the Security Parties has taken any corporate or limited liability company action nor have any other steps been taken or legal proceedings been started or (to the best of the Borrowers’ 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 might have a Material Adverse Effect.

No Winding. up None of the Security Parties has taken any corporate or 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 Borrowers’ Borrower’s knowledge and belief) threatened against any Security Party for its winding-up, dissolution, administration administration, formal restructuring 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 might have a Material Adverse Effectmaterial adverse effect on the business or financial condition of a Group taken as a whole.

No Winding. up None of the Security Parties has taken any corporate or limited liability company action nor have any other steps been taken or legal proceedings been started or (to the best of the Borrowers’ 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 might have a Material Adverse Effect.