Common use of Finance Arrangements Clause in Contracts

Finance Arrangements. 11.1 Except for the Group Debt Facilities, no Lien has been given by or entered into by any Group Company in respect of any obligations of it or another Group Company (including in respect of borrowings) or in respect of the indebtedness or obligations of any other person. 11.2 Except for the Group Debt Facilities, no Group Company has outstanding any loan capital or has incurred or agreed to incur any borrowing over €1,000,000 in value which it has not repaid or satisfied. 11.3 Except for loans to another Group Company, no Group Company has any loans in excess of €1,000,000 in the aggregate outstanding to other persons, other than debts that have arisen in respect of trading and in the ordinary course of business. 11.4 Except as may be triggered by the execution, delivery or performance of the Transaction Agreements, no event which is, or which could reasonably be expected to become, an event of default under or result in a material breach of the terms of any borrowing or financial facility of any Group Company has occurred or been alleged. 11.5 Except for guarantees issued by a Group Company in the ordinary course of business, no Group Company has undertaken any guarantee or other contingent liability with respect to any indebtedness or liability of any third party other than to another Group Company.