Common use of Reduction or loss of capital Clause in Contracts

Reduction or loss of capital. a meeting is convened by the Borrower or any other Security Party for the purpose of passing any resolution to purchase, reduce or redeem any of its share capital other than in accordance with Clause 16.6 (Share Capital); or

Appears in 2 contracts

Samples: Agreement (China Netcom Group CORP (Hong Kong) LTD), Agreement (China Netcom Group CORP (Hong Kong) LTD)

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Reduction or loss of capital. a meeting is convened by the Borrower or any other Security Party or any other Restricted Company for the purpose of passing any resolution to purchase, reduce or redeem any of its share capital other than in accordance with Clause 16.6 (Share Capital)capital; or

Appears in 2 contracts

Samples: Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

Reduction or loss of capital. a meeting is convened by the Borrower any Security Party or any other Security Party member of the Group for the purpose of passing any resolution to purchase, reduce or redeem any of its share capital other than in accordance with Clause 16.6 (Share Capital)capital; or

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

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Reduction or loss of capital. a meeting is convened by the Borrower or any other Security Party for the purpose of passing any resolution to purchase, reduce or redeem any of its share capital other than in accordance with Clause 16.6 any share repurchase program which has been instituted by the Borrower after having obtained the prior written consent of the Facility Agent (Share Capitalacting on the instructions of the Lenders); or

Appears in 1 contract

Samples: Agreement (Gulfmark Offshore Inc)

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