Examples of Luxembourg Obligor in a sentence
The obligations expressed to be assumed by the Luxembourg Obligors in the Base Indenture I and the Guarantees thereunder (when such Guarantee has been duly executed by such Luxembourg Obligor) would, if analysed by a Luxembourg court in proceedings commenced in Luxembourg, be recognised by a Luxembourg court as their legal, valid and binding obligations, enforceable in accordance with their terms.
The following defined terms shall have the following meanings in the Finance Documents: Luxembourg means the Grand Duchy of Luxembourg; Luxembourg Guarantor means a Guarantor incorporated in Luxembourg; and Luxembourg Obligor means an Obligor incorporated in Luxembourg.
The place of the central administration ( siège de l’administration centrale or siège de direction effective) and the centre of main interests of each Luxembourg Obligor is located at its registered office (siège statutaire) in Luxembourg and each Luxembourg Obligor has no establishment outside Luxembourg (each such terms as defined respectively in the Regulation 2015/848 or domestic Luxembourg law, including Luxembourg tax law and any relevant double tax treaties concluded by Luxembourg).
In relation to the provision of any Transaction Document providing that a Luxembourg Obligor shall hold on trust certain assets received, the non-recognition of the trust under Luxembourg law would cause the purported beneficiaries to only have an unsecured claim against the relevant Luxembourg Obligor, which claim will rank pari passu with the claims of other unsecured creditors of the relevant Luxembourg Obligor.
Each Luxembourg Obligor has the capacity and power to enter into each of the Transaction Documents to which it is, or will be, a party and to exercise its rights and to perform its obligations under those Transaction Documents.