KNOC definition
Examples of KNOC in a sentence
The KNOC Guarantee will be governed by and construed in accordance with the Laws in force in the Republic of Korea from time to time.
If any representation or warranty made or deemed to be made by a Harvest Party or KNOC in the Documents will prove to have been incorrect when so made or deemed to have been made as herein provided and, if capable of being cured, such default continues for a period of 30 days after notice thereof being given to the Borrower by the Agent.
If KNOC Korea ceases at any time to have Control of the Borrower without the prior written consent of the Majority Lenders.
While the KNOC Guarantee remains in effect, each of the reporting undertakings made by KNOC in Clauses 4.1 and 4.2 of the KNOC Guarantee are deemed to be incorporated herein.
Except as permitted by Section 17.1, any of the Harvest Parties whose business or assets are material to the Harvest Parties taken as a whole or KNOC ceases or proposes to cease carrying on business, or a substantial part thereof, or makes or threatens to make a bulk sale of its property.
While the KNOC Guarantee remains in effect, each of the negative undertakings made by KNOC in Clauses 4.3, 4.4 and 4.5 of the KNOC Guarantee are deemed to be incorporated herein.
While the KNOC Guarantee remains in effect, each of the positive undertakings made by KNOC in Clauses 4.6, 4.7, 4.8, 4.9, 4.10, 4.11 and 4.12 of the KNOC Guarantee are deemed to be incorporated herein.
A final judgment or judgments or any order is entered against any one or more Harvest Parties or KNOC in an aggregate amount equal to or greater than U.S. $35,000,000 (or the Canadian Dollar Exchange Equivalent thereof), which remains unsatisfied or undischarged for a period of 30 days during which such judgment shall not be subject to an appeal or execution thereof will not be effectively stayed.
This Agreement and the other Documents constitute the entire agreement between the Agent and the Lenders on one hand and the Harvest Parties and KNOC on the other hand in respect of the subject matter of this Agreement, and cancel and supersede any other agreements, undertakings, declarations, representations and warranties, written or verbal among all such Parties and KNOC in respect of the subject matter of this Agreement.
The Documents (other than the KNOC Guarantee) will be governed by and construed in accordance with the Laws in force in the Province of Alberta from time to time.