Common use of Furthermore Clause in Contracts

Furthermore. (a) the Seller has not (i) granted to third parties any existing pre-emption rights, warrants, options, convertible bonds or rights of any kind whatsoever which give the right to acquire or subscribe for the Participations (or any part thereof) or (ii) entered into or executed any agreement or contract or similar instrument by which he is bound to create new participations and/or increase the corporate capital in the SPVs; and (b) the SPVs have not engaged in any actions constituting the giving of financial assistance in connection with the acquisition of their own capital (or any part thereof) under Greek law.

Appears in 1 contract

Sources: Master Acquisition Agreement (Prime Sun Power Inc)

Furthermore. (a) the Seller has not (i) granted to third parties any existing pre-emption rights, warrants, options, convertible bonds or rights of any kind whatsoever which give the right to acquire or subscribe for the Participations (or any part thereof) or (ii) entered into or executed any agreement or contract or similar instrument by which he is bound to create new participations and/or increase the corporate capital in the SPVs; and (b) the SPVs have not engaged in any actions constituting the giving of financial assistance in connection with the acquisition of their own capital (or any part thereof) under Greek French law.

Appears in 1 contract

Sources: Master Acquisition Agreement (Prime Sun Power Inc)