Common use of Analogous proceedings Clause in Contracts

Analogous proceedings. There occurs, in relation to the Borrower or any Material Subsidiary in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Required Lenders, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in Sections 8.01(f) through (i) (inclusive) or the Borrower or any Material Subsidiary otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Loan Agreement (Synutra International, Inc.), Assignment and Assumption (Synutra International, Inc.)

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Analogous proceedings. There there occurs, in relation to the Borrower or any Material Subsidiary other Security Party or other member of the Group, in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Required LendersBank, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in Sections 8.01(f) through (i) clauses 10.1.7 to 10.1.13 (inclusive) or the Borrower or any Material Subsidiary other Security Party or other member of the Group otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 2 contracts

Samples: Agreement (NewLead Holdings Ltd.), Loan Agreement (DryShips Inc.)

Analogous proceedings. There occurs, in relation to the Borrower any Obligor or any Material Subsidiary in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Required LendersLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in Sections 8.01(f) through (i) (inclusive) or the Borrower any Obligor or any Material Subsidiary otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Loan Agreement (Synutra International, Inc.)

Analogous proceedings. There there occurs, in relation to the Borrower or any Material Subsidiary a Security Party, in any country or territory in which any of them it carries on business or to the jurisdiction of whose courts any part of their respective its assets is subject, any event which, in the reasonable opinion of the Required LendersLender, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in Sections 8.01(f) through (i) clauses 10.1.6 to 10.1.10 (inclusive) in respect of the Borrower or in clauses 10.1.8 or 10.1.9 in respect of the Shareholder or the Borrower or any Material Subsidiary otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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Analogous proceedings. There there occurs, in relation to the Borrower any Obligor or any Material Subsidiary in any country or territory in which any of them carries on business or to the jurisdiction of whose courts any part of their respective assets is subject, any event which, in the reasonable opinion of the Required LendersMajority Banks, appears in that country or territory to correspond with, or have an effect equivalent or similar to, any of those mentioned in Sections 8.01(fclauses 12.1(g) through to (il) (inclusive) or the Borrower any Obligor or any Material Subsidiary otherwise becomes subject, in any such country or territory, to the operation of any law relating to insolvency, bankruptcy or liquidation; or

Appears in 1 contract

Samples: Facilities Agreement (Avecia Group PLC)

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