ZPR Group definition
Examples of ZPR Group in a sentence
The authority or ability of any member of the ZPR Group to conduct its business is limited or wholly or substantially curtailed by any seizure, expropriation, nationalisation, intervention, restriction or other action by or on behalf of any governmental, regulatory or other authority or other person in relation to any member of the ZPR Group or any of its material assets.
No Obligor and no other member of the ZPR Group has any Financial Indebtedness other than Permitted Indebtedness.
Any Finance Party may accept deposits from, lend money to and generally engage in any kind of banking or other business with any member of the ZPR Group.
Any litigation, alternative dispute resolution, arbitration, administrative, governmental, regulatory or other investigations, proceedings or disputes are commenced or threatened in relation to the Transaction Documents or the transactions contemplated in the Transaction Documents or against any member of the ZPR Group or its assets which has or is reasonably likely to have a Material Adverse Effect.
Any member of the ZPR Group or the Ultimate Parent suspends or ceases to carry on (or threatens to suspend or cease to carry on) all or a material part of its business except as a result of a disposal which is a Permitted Transaction.
Each Obligor shall (and the Parent shall ensure that each other member of the ZPR Group will) comply in all respects with all laws to which it may be subject, if failure so to comply would materially impair its ability to perform its obligations under the Finance Documents.
Each Obligor shall (and the Parent shall ensure that each other member of the ZPR Group will) ensure that, at all times after the date of this Agreement or, if later, the date it becomes a Party, it and each of its Subsidiaries have sufficient equity to be and remain in compliance with all thin capitalisation rules applicable to it and them.
Each Obligor shall (and the Parent shall ensure that each other member of the ZPR Group will) ensure that its payment obligations under the Finance Documents will rank at least pari passu with the claims of all its unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Each Obligor shall (and the Parent shall ensure that each other member of the ZPR Group will) conclude any transaction with a third party, irrespective of whether or not it is a Subsidiary of the Ultimate Parent, only on terms no less beneficial to it than those obtainable on an arm’s length basis.
No Obligor shall (and the Parent shall procure that no other member of the ZPR Group will), without the prior consent of the Majority Lenders, incur any material obligations that are not contemplated by or permissible under any Finance Document or which the relevant member of the ZPR Group does not assume in the ordinary course of business.