BST Group definition
Examples of BST Group in a sentence
Any litigation, arbitration, administrative, governmental, regulatory or other investigations, proceedings or disputes are commenced or threatened in relation to the Transaction Documents or the transactions contemplated in the Transaction Documents or against any member of the BST Group or its assets which has or is reasonably likely to have a Material Adverse Effect.
Any member of the BST Group that is party to the Intercreditor Deed fails to comply with the provisions of, or does not perform its obligations under, the Intercreditor Deed and, if the non-compliance is capable of remedy, it is not remedied within 15 days of the earlier of the relevant Agent giving notice to that party or that party becoming aware of the non-compliance.
Furthermore, the Lenders represent and acknowledge that they are relying exclusively on the assets of the Borrowers and Guarantors, and are not relying on the assets and/or credit-worthiness of the BST Group.
Any Confidentiality Undertaking signed by a Finance Party pursuant to this Clause 29.7 shall supersede any prior confidentiality undertaking signed by such Finance Party for the benefit of any member of the BST Group.
Each Obligor shall (and the Parent shall ensure that each member of the BST Group will) comply in all respects with all laws to which it may be subject, if failure so to comply has or is reasonably likely to have a Material Adverse Effect.
The authority or ability of the BST Group taken as whole to conduct its business is limited or wholly or substantially curtailed by any seizure, expropriation, nationalisation, intervention, restriction or other action by or on behalf of any Governmental Authority in relation to any member of the BST Group or any of its assets, in any such case where the Majority Lenders determine (acting reasonably) that such qualification is materially adverse to the interests of the Finance Parties.
The Lenders represent and acknowledge that, in connection with their execution of this Agreement, they are aware of, and are relying on, the separateness of the Borrowers and Guarantors from the BST Group.
The Parent shall ensure that all pension schemes operated by or maintained for the benefit of members of the BST Group and/or any of its employees are funded to the extent required by law and in compliance with applicable laws and that no action or omission is taken by any member of the BST Group in relation to such a pension scheme which has or is reasonably likely to have a Material Adverse Effect.
Each Obligor shall (and the Parent shall ensure that each member of the BST Group will) maintain insurances on and in relation to its business and assets against those risks and to the extent as is usual for companies carrying on the same or substantially similar business.
Dormant subsidiaries No Obligor shall (and the Parent shall ensure no member of the BST Group will) cause or permit any member of the BST Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Guarantor in accordance with Clause 30.4 (Additional Guarantors).