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Issuer is not then the Ultimate Owner, the then Ultimate Owner\u2019s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner\u2019s issued capital) not held by the New Holding Company is cancelled;", "title": "Permitted Restructuring", "id": "permitted-restructuring", "examples": ["Nothing in this Article VII shall prohibit the Borrower and its Subsidiaries from consummating the <strong>Permitted Restructuring</strong> Transactions.", "Notwithstanding the foregoing, the Company and/or any Restricted Subsidiary may effect transactions not otherwise permitted under this Section 8.04 as part of a <strong>Permitted Restructuring</strong>.", "Schedule 4.2 correctly sets forth (a) the ownership interest and voting percentage of each owner of the Capital Stock of Holdings and each Credit Party as of the Closing Date both before and after giving effect to the Transactions and (b) the capital structure of Holdings and its Subsidiaries after giving effect to the <strong>Permitted Restructuring</strong>.", "The Security Agent shall be authorised to release any guarantees or security interests in the event that such release is required to effect a disposal permitted under the Facility Agreement, the <strong>Permitted Restructuring</strong> or any other disposal to which the Majority Lenders have consented in accordance with the Finance Documents.", "Except as otherwise permitted under Section 6.3 or Section 6.4 or in connection with a <strong>Permitted Restructuring</strong> Transaction, at all times maintain and preserve in full force and effect its existence (including being in good standing in its jurisdiction of organization) and all rights and franchises, licenses and permits material to its business.", "With respect to the following assets, the considerations set out below shall apply in relation to any Transaction Security over such assets (subject to any express requirements in Schedule 5 (<strong>Permitted Restructuring</strong>)).", "Upon and with effect from the commencement of the WXAT Share Reorganisation (as described in Schedule 5 (<strong>Permitted Restructuring</strong>)), each set of Annual Financial Statements and Quarterly Financial Statements shall be prepared as if WXAT remained a wholly-owned subsidiary of the Borrower.", "Subject to these Security Principles (and with prejudice to any requirements set out in Schedule 5 (<strong>Permitted Restructuring</strong>)), each Obligor shall grant Security over its shares and Equity Interests in WXAT and in Group Members that are Material Subsidiaries.", "Such Obligor will not, and will not permit any of its Subsidiaries to, enter into any amendment to or modification of its organizational documents in a manner that could be materially adverse to the rights or remedies of Administrative Agent and the Lenders (other than amendments to effect the dissolution of the Swedish Borrower and/or the Cayman Borrower in connection with the <strong>Permitted Restructuring</strong>).", "Such Obligor will not, and will not permit any of its Subsidiaries to, make any payments in respect of any Indebtedness other than (i) payments of the Obligations, (ii) scheduled payments of other Indebtedness permitted under the terms of any subordination to the Obligations, (iii) repayment of intercompany Indebtedness permitted in reliance upon Section 9.01(f), (iv) repayment of the Permitted Priority Debt, and (v) in connection with, or as a result of, the <strong>Permitted Restructuring</strong>."], "related": [["permitted-restricted-payments", "Permitted Restricted Payments", "Permitted Restricted Payments"], ["permitted-reorganization", "Permitted Reorganization", "Permitted Reorganization"], ["permitted-tax-restructuring", "Permitted Tax Restructuring", "Permitted Tax Restructuring"], ["restructuring-date", "Restructuring Date", "Restructuring Date"], ["equity-restructuring", "Equity Restructuring", "Equity Restructuring"]], "related_snippets": [], "updated": "2026-03-20T05:48:33+00:00"}, "json": true, "cursor": ""}}