Issuer’s Group definition
Examples of Issuer’s Group in a sentence
There is no restriction in the Notes on the amount of debt which the Issuer or members of the Issuer’s Group may issue or guarantee.
No member of Issuer’s Group is materially overdue in the filing of any tax returns and the Issuer is not aware of any claims that are being or are reasonably likely to be asserted against any member of the Issuer’s Group with respect to taxes in each case save as notified to the Subscriber.
Each member of Issuer’s Group has punctually paid and discharged all taxes imposed upon it or its assets within the time period allowed without incurring penalties.
The most recent management accounts of Issuer’s Group have been prepared with due care and attention and in accordance with good accounting practice on a basis consistent with that of the management accounts, accurately reflect the financial position of Issuer’s Group in all material respects as at their date and fully disclose all liabilities, actual or contingent, all encumbrances and financial commitments in existence at the date of the most recent management accounts.
Each member of the Issuer’s Group has good title to all of its fixed assets which are material to its business, and no Encumbrances exist over any assets of any member of the Issuer’s Group, save for any assets held on lease, hire purchase or any similar financing arrangements.
The Issuer is duly incorporated and validly existing under its jurisdiction of incorporation and it and the Issuer’s Group are fully qualified and empowered to own their assets and carry out their respective businesses.
No material, significant, unexpected or undisclosed adverse change in the business, results of operations, forecasts, condition (financial or otherwise), assets, liabilities or prospects or the Issuer’s Group, taken as a whole, since the date of the last audited financial statements.
No member of the Issuer’s Group is materially dependent on any patent rights, know-how, trademarks, service marks, trade names, designs, design rights, copyrights or other similar rights.
All forecasts, projections and written statements of intention and opinions provided to the Subscriber by any company of the Issuer’s Group were made honestly and in good faith on the date on which they were expressed to be made.
No member of Issuer’s Group has created any Security Interest over the whole or any part of its present or future assets, undertaking, rights or revenues other than a Permitted Security Interest or is under any obligation to create any Security Interest other than a Permitted Security Interest.