Common use of Other Licences Clause in Contracts

Other Licences. (i) Any of the Licences other than the TV Nova Licence is (whether in whole or in part) terminated, suspended, withdrawn, revoked, materially modified or varied or cancelled (including, without limiting the generality of the foregoing, declared illegal or unenforceable or nullified) or otherwise expires and is not renewed prior to its expiration or otherwise ceases to be in full force and effect (in such a way as to be reasonably likely to have a Material Adverse Effect); or (ii) any event occurs which is reasonably likely to give rise to such termination, suspension, withdrawal, revocation, cancellation, expiry or cessation in circumstances where the Borrower is unable to demonstrate to the reasonable satisfaction of the EBRD within 30 (thirty) days of such event occurring that such termination, suspension, withdrawal, revocation, cancellation, expiry or cessation will not occur or is not reasonably likely to have a Material Adverse Effect, or that it is taking steps agreed with EBRD to mitigate the risk of such termination, suspension, withdrawal, revocation, cancellation, expiry or cessation.