Burdensome Condition definition

Burdensome Condition has the meaning set forth in Section 5.06(a).

Burdensome Condition shall have the meaning set forth in Section 8.2.

Burdensome Condition has the meaning set forth in Section 4.3(c).

Examples of Burdensome Condition in a sentence

• The Governmental Approvals listed on Schedule 6.2(b) shall have been received and shall be in full force and effect (or any waiting period shall have expired or shall have been terminated), without the imposition of a Burdensome Condition with respect to Seller.

• If required, the waiting period applicable under the HSR Act shall have expired or been terminated without the imposition of a Burdensome Condition with respect to Buyer.

• The Governmental Approvals listed on Schedule 6.1(b) shall have been received and shall be in full force and effect (or any waiting period shall have expired or shall have been terminated), without the imposition of a Burdensome Condition with respect to Buyer.

• No Legal Proceeding shall be pending under any Antitrust Law brought by any Governmental Authority of competent and applicable jurisdiction that (i) challenges or seeks to make illegal, prohibit or otherwise prevent the consummation of the Merger or (ii) seeks to impose any Burdensome Condition.

• None of the consents, approvals, or authorizations set forth in Schedule I shall contain, require, or result in a Parent Burdensome Condition.

More Definitions of Burdensome Condition

Burdensome Condition has the meaning set forth in Section 7.1(a).

Burdensome Condition has the meaning set forth in Section 9.1(a).

Burdensome Condition means as defined in Section 5.1(f).

Burdensome Condition shall have the meaning given to such term in Section 6(c) hereof.

Burdensome Condition has the meaning set forth in Section 7.03(d).

Burdensome Condition means, with respect to the Investor, (A) any restraint or condition imposed by or contained in any Required Approval that would reasonably be expected to impair in any material respect the benefits to the Investor of the Investment or (B) any modification of governance arrangements of the Investor or its Affiliates required with respect to any Required Approval, or any capital or other support requirements imposed on the Investor or its Affiliates by any Required Approval, in each case except for standard passivity and anti-association commitments to the Federal Reserve

Burdensome Condition means any conditions imposed by, commitment or undertaking made to, or any Order of, any Governmental Body in connection with or related to the Control Permit or the transactions contemplated by this Agreement, that (i) individually or in the aggregate, has, or would reasonably be expected to have, a material and adverse effect on either Purchaser, after giving effect to the transactions contemplated by this Agreement, (ii) would impose, grant or otherwise require that either Sponsor, with respect to the investment contemplated by this Agreement, exercises or possesses any rights or powers to direct or influence (or other means of control) that are, individually or in the aggregate, greater than, or otherwise disproportionate to, such Sponsor’s Pro Rata Share, or (iii) would bind or impose any obligation on any of the SCP Entities or the Local Sponsor and its Affiliates (other than the Purchasers) or their respective businesses (other than solely with respect to their operation and business in the State of Israel); provided that conditions that are expressly included in the Current Control Permit, the Communication Law and the Communication Order, in each case, as each of them is in effect as of the date of this Agreement (expressly disregarding any subsequent amendments, supplements, changes or other modifications, however effected or enacted), shall not be deemed Burdensome Conditions.