Common use of Governmental Intervention Clause in Contracts

Governmental Intervention. By or under the authority of any government, (a) the management of any member of the Group is wholly or partially displaced or the authority of any member of the Group in the conduct of its business is wholly or partially curtailed in any material respect or (b) all or a majority of the issued shares of any member of the Group or the whole or any part of its revenues or assets is seized, nationalised, expropriated or compulsorily acquired.

Appears in 3 contracts

Sources: Rollover Loan Agreement (Freeseas Inc.), Facility Agreement (FreeSeas Inc.), Facility Agreement (FreeSeas Inc.)

Governmental Intervention. By or under the authority of any government, : (a) the management of any member of the Group Borrower is wholly or partially displaced or the authority of any member of the Group Borrower in the conduct of its business is wholly or partially curtailed in any material respect or curtailed; or (b) all or a majority any of the issued shares of any member of the Group Borrower or the whole or any part of its revenues or assets is seized, nationalisednationalized, expropriated or compulsorily acquired.

Appears in 3 contracts

Sources: Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.), Pre Export Finance Term Facility Agreement (Canuelas Mill S.A.C.I.F.I.A.)

Governmental Intervention. By or under the authority of any government, : (a) the management of any member of the Group is wholly or partially substantially displaced or the authority of any member of the Group in the conduct of its business is wholly or partially curtailed in any material respect or substantially curtailed; or (b) all or a majority of the issued shares of any member of the Group Obligor or the whole or any material part of its revenues or assets is seized, nationalised, expropriated or compulsorily acquired.

Appears in 2 contracts

Sources: Facility Agreement (Midamerican Energy Holdings Co /New/), Facility Agreement (Midamerican Energy Holdings Co /New/)

Governmental Intervention. By or under the authority of any government, : (a) the management of the Borrower or any member of the Group is wholly or partially displaced or the authority of the Borrower or any member of the Group in the conduct of its business is wholly or partially curtailed in any material respect or curtailed; or (b) all or a majority any of the issued shares of the Borrower or any member of the Group or the whole or any part of its revenues or assets is seized, nationalised, expropriated or compulsorily acquired.

Appears in 1 contract

Sources: Term Facility Agreement (MK Arizona Corp.)