Common use of COMI Clause in Contracts

COMI. For the purposes of the Council Regulation (EC) 1346/2000 on insolvency proceedings (the “European Insolvency Regulation”) the center of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) of Essent IIH is situated in its jurisdiction of incorporation and it has no “establishment” (as that term is used in Article 2(h) of the European Insolvency Regulation) in any other jurisdiction.

Appears in 3 contracts

Sources: Credit Agreement (Essent Group Ltd.), Credit Agreement (Essent Group Ltd.), Credit Agreement (Essent Group Ltd.)

COMI. For the purposes of the Council Regulation (EC) 1346/2000 on insolvency proceedings (the “European Insolvency Regulation”) the center centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) of Essent IIH the Luxco Borrower and any Subsidiary organized under the laws of Luxembourg is situated in its jurisdiction of incorporation and it has they have no “establishment” (as that term is used in Article 2(h) of the European Insolvency Regulation) in any other jurisdiction.

Appears in 1 contract

Sources: Credit Agreement (Avago Technologies LTD)