SEIZURE BY GOVERNMENT. By or under the authority of any government, (a) the management of the Borrower is wholly or partially displaced or the authority of the Borrower in the conduct of its business is wholly or partially curtailed or (b) the whole or any part (the market value of which is twenty per cent. or more of the market value of the whole) of its revenues or assets is seized, nationalised, expropriated or compulsorily acquired; or
Appears in 6 contracts
Samples: Senior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp), Junior Facility Agreement (General Maritime Corp)
SEIZURE BY GOVERNMENT. By or under the authority of any government, (a) the management of the either Borrower is wholly or partially displaced or the authority of the either Borrower in the conduct of its business is wholly or partially curtailed or (b) the whole or any part (the market value of which is twenty per cent. or more of the market value of the whole) of its revenues or assets is seized, nationalised, expropriated or compulsorily acquired; or
Appears in 2 contracts
Samples: Junior Facility Agreement (General Maritime Corp), Senior Facility Agreement (General Maritime Corp)
