Prisa Group definition
Examples of Prisa Group in a sentence
No Obligor shall enter into any transaction with any member of the Prisa Group except on arm’s length terms.
Delivery of an Accession Letter constitutes confirmation by the relevant member of the Prisa Group that subject to the terms set forth in this Agreement, the Repeating Representations are true and correct in relation to it as at the date of delivery as if made by reference to the facts and circumstances then existing.
Whilst the shares of the members of the Prisa Group are listed on a recognised investment exchange or market, the information undertakings of this Clause 19 shall only apply to the extent the disclosure of said information is not (i) fordbidden by law or (ii) conditioned to its general disclosure on the relevant investment exchange or market in accordance with applicable rules.
The Borrower shall ensure that it is in compliance with Clause 21.20 (Guarantor Coverage) and therefore it shall ensure that members of the Prisa Group other than the ones already Guarantors pursuant to this Agreement and any other Finance Document, shall (as soon as reasonable practicable and, in any event, within 20 days of it being in breach of Clause 21.20 (Guarantor Coverage)) become Guarantors as the Agent may require in a number sufficient to ensure compliance with Clause 21.20 (Guarantor Coverage).
The Agent may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the Prisa Group.
All prepayments to be made under paragraphs (b), (e), (f) and (g) of Clause 8.7.2 and Clause 8.10 (Excess Cashflow) are subject to permissibility under applicable law (including, without limitation, financial assistance, corporate benefit restrictions on up streaming of cash intra group and the fiduciary and statutory duties of the directors of the relevant members of the Prisa Group).
The Borrower shall procure that all amounts (including, but not limited to, any consideration and equity proceeds) to be retained by the Prisa Group in accordance with the Eleventh Amendment Agreement for application to certain purposes pursuant to the Eleventh Amendment Agreement are effectively applied for the relevant purpose(s).
For the avoidance of doubt, the Parties agree and acknowledge that the EUR75,000,000 basket referred to in paragraph (d) is in addition to (1) the Financial Indebtedness under any Existing Intragroup Guarantees granted by Obligors in favour of members of the Prisa Group not being Obligors (captured under paragraph (h) above), and (2) the Financial Indebtedness under any guarantees and indemnities referred to in paragraph (i) above.
Any member of the Prisa Group (being or not a Material Prisa Group Subsidiary) which in accordance with Clause 21.13 (Guarantees) and Clause 21.20 (Guarantor coverage) is required to accede hereto as a Guarantor does not accede to this Agreement as a Guarantor within the relevant time period.