Common use of QUALIFIED COMPANIES Clause in Contracts

QUALIFIED COMPANIES. 3.1 The utilisation of the Individual Facility is reserved for Danish limited liability com- panies, which comply with appendix 12.1 of the Loan Terms (as defined in Clause 4), inter alia that such company (a “Qualified Company”):

QUALIFIED COMPANIES. 3.1 The utilisation of the Individual Facility is reserved for Danish limited liability com- panies, which comply with appendix 12.1 11.1 of the Loan Terms (as defined in Clause 4), inter alia alia: HELLERUP 11 JUNE 2020 HELLERUP 11 JUNE 2020 a) (if the company was registered at the Danish Business Authority before 31 December 2016) that such the company (a “Qualified Company”):as of 31 December 2019 had not lost more than half of its share capital1;