SO Group definition
Examples of SO Group in a sentence
The Borrower and the Guarantor shall procure that throughout the Facility Period the SO Group will have no indebtedness other than Permitted Indebtedness, unless otherwise agreed by an Instructing Group.
The Indemnifier and the Guarantor shall procure that throughout the Facility Period the SO Group will have no indebtedness other than Permitted Indebtedness, unless otherwise agreed by an Instructing Group.
After delivery of the above business plan the Borrower and the Guarantor agree that the Banks shall have the right to conduct an independent review of ▇▇▇ ▇▇▇▇▇’▇ blueprint, such review not to create substantial interference with the business of the SO Group, for which purpose the Agent may engage third parties at the reasonable cost and expense of the Guarantor.
Notwithstanding the foregoing, unless otherwise agreed by an Instructing Group, the maximum cumulative aggregate amount for the sale of assets of the SO Group during the Facility Period shall not exceed one hundred and fifty million Dollars ($150,000,000) or the equivalent in any other currency.
For the purposes of (i) this Clause the value of any asset sold or disposed of shall be deemed to be its market value whether or not such asset was sold on “an arms length basis” and sales of assets within the SO Group shall not be counted and (ii) the second sentence of this Clause only the Facility Period shall be deemed to commence on 3 January 2003.
The Borrower and the Guarantor shall procure that throughout the Facility Period the SO Group will have no indebtedness other than Permitted Indebtedness.
Evidence that SNSA’s Liquidity Line has been extended and (i) is available to members of the SO Group until 30 November 2004 and (ii) is fully subordinated to the Facility and the Guarantee Facility upon terms and conditions acceptable to the Agent.
Report At any time at the reasonable request of the Agent, SOSA will engage KPMG or another adviser acce▇▇▇▇le to the Agent to produce and deliver an update of their risk management systems analysis report in respect of the SO Group.
After delivery of the above business plan the Borrower and the Guarantor agree that the Banks shall have the right to conduct an independent review of “▇▇▇ ▇▇▇▇▇’▇ blueprint”, such review not to create substantial interference with the business of the SO Group, for which purpose the Agent may engage third parties at the reasonable cost and expense of the Guarantor.
The sale of assets of the SO Group shall not at any time during each fiscal year falling within the Facility Period exceed fifty million Dollars ($50,000,000) or the equivalent in any other currency in aggregate.