11834 ILLEGALITY Sample Clauses

11834 ILLEGALITY. Notwithstanding any other provisions hereof, if any applicable law, treaty, regulation or directive, or any change therein or in the interpretation or application thereof shall make it unlawful for the Bank to make or maintain Eurodollar Loans, the obligation of the Bank hereunder to make Eurodollar Loans shall forthwith be cancelled and the Borrower shall, if any such Revolving Credit Loans are then outstanding, promptly upon request from the Bank, either pay all such Eurodollar Loans or convert such Eurodollar Loans to Domestic Loans. If any such payment or conversion of the Eurodollar Loans is made on a day that is not the last Business Day of the then current Interest Period applicable to such Eurodollar Loans the Borrower shall pay the Bank, upon the Bank's request, such amount or amounts as may be necessary to compensate the Bank for any loss or expenses sustained or incurred by the Bank in respect of the Eurodollar Loans as a result of such payment or conversion, including (but not limited to), any interest or other amounts payable by the Bank to lenders of funds obtained by the Bank in order to make or maintain such Revolving Credit Loans. The Bank shall prepare a certificate as to any additional amounts payable pursuant to the foregoing sentence which certificate shall be submitted by the Bank to the Borrower and shall be conclusive absent manifest error.
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Related to 11834 ILLEGALITY

  • No Illegality No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of the Lessee or its counsel, would make it illegal for the Lessee to enter into any transaction contemplated by the Operative Agreements.

  • Illegality If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.

  • Illegality Etc Anything in subsection (a) or (b) above to the contrary notwithstanding,

  • Injunctions; Illegality The consummation of the Merger shall not be restrained, enjoined or prohibited by any order, judgment, decree, injunction or ruling of a court of competent jurisdiction or any Governmental Entity and there shall not have been any statute, rule or regulation enacted, promulgated or deemed applicable to the Merger by any Governmental Entity which prevents the consummation of the Merger.

  • Refrain from illegality Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

  • Unenforceability; Severability If any provision of this Agreement is found to be void or unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall nevertheless be binding upon the parties with the same force and effect as though the unenforceable part had been severed and deleted.

  • Partial Unenforceability The invalidity or unenforceability of any Section, paragraph or provision of this Agreement shall not affect the validity or enforceability of any other Section, paragraph or provision hereof. If any Section, paragraph or provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable.

  • Notification of illegality The Agent shall promptly notify the Borrower, the Security Parties, the Security Trustee and the other Lenders of the notice under Clause 23.1 which the Agent receives from the Notifying Lender.

  • Increased Costs; Illegality (a) If any Change in Law shall:

  • Yield Protection and Illegality 49 Section 4.1

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