{"component": "clause", "props": {"groups": [{"samples": [{"hash": "fPklQTLpwN1", "uri": "/contracts/fPklQTLpwN1#illegality-etc", "label": "Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)", "score": 18.0, "published": true}, {"hash": "9osLROTDNTL", "uri": "/contracts/9osLROTDNTL#illegality-etc", "label": "Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)", "score": 18.0, "published": true}, {"hash": "5rggXqP8OKc", "uri": "/contracts/5rggXqP8OKc#illegality-etc", "label": "Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)", "score": 18.0, "published": true}], "snippet": "No statute, rule or regulation, or order, decree or injunction enacted, entered, promulgated or enforced by any Governmental Authority shall be in effect which prohibits or restricts the consummation of the transactions contemplated hereby or by any of the Ancillary Agreements.", "size": 18, "snippet_links": [{"key": "rule-or-regulation", "type": "definition", "offset": [12, 30]}, {"key": "governmental-authority", "type": "definition", "offset": [112, 134]}, {"key": "in-effect", "type": "definition", "offset": [144, 153]}, {"key": "contemplated-hereby", "type": "clause", "offset": [220, 239]}, {"key": "ancillary-agreements", "type": "definition", "offset": [257, 277]}], "hash": "d06991d0649f0570bd929509dc74756f", "id": 2}, {"samples": [{"hash": "7NUxnqullWa", "uri": "/contracts/7NUxnqullWa#illegality-etc", "label": "Client Agreement", "score": 27.2504253387, "published": true}, {"hash": "3YTo7xRd5ur", "uri": "/contracts/3YTo7xRd5ur#illegality-etc", "label": "Client Agreement", "score": 26.486700058, "published": true}, {"hash": "jFGbZxhKPYu", "uri": "/contracts/jFGbZxhKPYu#illegality-etc", "label": "Client Agreement", "score": 26.3702945709, "published": true}], "snippet": "If at any time any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions of this Agreement under the law of that jurisdiction nor the legality, validity or enforceability of such provisions under the law of any other jurisdiction will be in any way affected.", "size": 16, "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "provision-of", "type": "clause", "offset": [19, 31]}, {"key": "invalid-or-unenforceable", "type": "clause", "offset": [70, 94]}, {"key": "the-law", "type": "clause", "offset": [116, 123]}, {"key": "any-jurisdiction", "type": "definition", "offset": [127, 143]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [211, 239]}, {"key": "other-jurisdiction", "type": "definition", "offset": [360, 378]}], "hash": "962aa1e67868329e16c535e54d4a8e46", "id": 3}, {"samples": [{"hash": "kkTk0SIgGoE", "uri": "/contracts/kkTk0SIgGoE#illegality-etc", "label": "364 Day Credit Agreement (Stanley Black & Decker, Inc.)", "score": 33.6981506348, "published": true}, {"hash": "9meLA2GyTs8", "uri": "/contracts/9meLA2GyTs8#illegality-etc", "label": "364 Day Credit Agreement (Stanley Black & Decker, Inc.)", "score": 33.6981506348, "published": true}], "snippet": "Anything in subsection (a) or (b) above to the contrary notwithstanding,\n(i) if any Lender shall notify the Administrative Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other governmental authority asserts that it is unlawful, for such Lender or its Applicable Lending Office to perform its obligations hereunder to make Term SOFR Advances or EURIBOR Advances or to fund or maintain Term SOFR Advances or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Advances hereunder, the Administrative Agent shall forthwith give notice thereof to the other Lenders and the Company, whereupon (A) such Lender shall have no obligation to make Term SOFR Advances or EURIBOR Advances, as applicable, or to convert Advances into Term SOFR Advances or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Advances, as applicable, until such Lender notifies the Company and the Administrative Agent that the circumstances causing such suspension no longer exist and (B) each Borrower shall be deemed to have converted all Term SOFR Advances or EURIBOR Advances, as applicable, of such Lender then outstanding into Base Rate Advances in accordance with Section 2.04 on and as of the date of the Administrative Agent\u2019s receipt of such notice, unless and to the extent such notice directs that one or more Term SOFR Advances or EURIBOR Advances, as applicable, shall be so converted on the last day of the applicable Interest Period, provided that (w) before giving any such notice, such \u2587\u2587\u2587\u2587\u2587\u2587 agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for such suspension and conversion and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender, (x) any request by a Borrower for Term SOFR Advances or EURIBOR Advances, as applicable, during a time when a Lender\u2019s obligation to make, or convert Advances into, Term SOFR Advances or EURIBOR Advances, as applicable, shall be suspended hereunder shall be deemed to be a request for, or for conversion into, Base Rate Advances from such Lender (in the case of a EURIBOR Advance, in an amount equal to the Dollar Equivalent thereof), (y) all Advances that would otherwise be made by such Lender as Term SOFR Advances or EURIBOR Advances, as applicable, during any such suspension shall instead be made as Base Rate Advances (in the case of a EURIBOR Advance, in an amount equal to the Dollar Equivalent thereof) and (z) in the event any Lender shall notify the Administrative Agent and the Company of the occurrence of the circumstances causing such suspension under this Section 2.02(c), all payments and prepayments of principal that would otherwise have been applied to repay the Term SOFR Advances or EURIBOR Advances that would have been made by such Lender or the converted Term SOFR Advances or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Advances shall instead be applied to repay the Base Rate Advances made by such Lender in lieu of, or resulting from the conversion of, such Term SOFR Advances or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Advances; 364-DAY CREDIT AGREEMENT\n(ii) (A) if the Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that \u201cTerm SOFR\u201d cannot be determined pursuant to the definition thereof (x) each Term SOFR Advance will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Advance and (y) until the Administrative Agent notifies the Company and the Lenders that the circumstances giving rise to such notice no longer exist, the obligation of the Lenders to make or to Convert Advances into Term SOFR Advances shall be suspended and the Borrowers may revoke any pending request for a Term SOFR Advance, or Conversion of a Term SOFR Advance or, failing that, will be deemed to have converted such request into a request for an Advance of or a Conversion to a Base Rate Advance in the amount specified therein;", "size": 33, "snippet_links": [{"key": "notify-the-administrative-agent", "type": "clause", "offset": [97, 128]}, {"key": "change-in", "type": "clause", "offset": [161, 170]}, {"key": "interpretation-of", "type": "definition", "offset": [181, 198]}, {"key": "law-or-regulation", "type": "clause", "offset": [203, 220]}, {"key": "central-bank", "type": "clause", "offset": [252, 264]}, {"key": "governmental-authority", "type": "definition", "offset": [274, 296]}, {"key": "applicable-lending-office", "type": "clause", "offset": [349, 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"type": "definition", "offset": [3432, 3456]}, {"key": "obligation-of-the-lenders", "type": "clause", "offset": [3647, 3672]}, {"key": "the-borrowers", "type": "clause", "offset": [3751, 3764]}, {"key": "pending-request", "type": "definition", "offset": [3780, 3795]}, {"key": "request-for-an-advance", "type": "clause", "offset": [3929, 3951]}], "hash": "66b47c82f23e7e8c6bb01c64426e2c2a", "id": 1}, {"samples": [{"hash": "6fI7YUYqSgh", "uri": "/contracts/6fI7YUYqSgh#illegality-etc", "label": "Revolving Credit Agreement (SecureWorks Corp)", "score": 34.22108078, "published": true}, {"hash": "feFen0CdUcg", "uri": "/contracts/feFen0CdUcg#illegality-etc", "label": "Revolving Credit Agreement (SecureWorks Corp)", "score": 33.2217674255, "published": true}, {"hash": "39GlKAVyWKi", "uri": "/contracts/39GlKAVyWKi#illegality-etc", "label": "Revolving Credit Agreement (SecureWorks Corp)", "score": 32.4195747375, "published": true}], "snippet": "Notwithstanding any other provision of this Agreement, if the Lender shall notify the Borrower that any Change in Law makes it unlawful for the Lender to perform its obligations hereunder to make Loans or to fund or otherwise maintain Loans hereunder, (a) the obligation of the Lender to make Loans shall be suspended until the Lender shall notify the Borrower that the circumstances causing such suspension no longer exist and (b) if such Change in Law shall so mandate, the Loans shall be prepaid by the Borrower, together with accrued and unpaid interest thereon and all other amounts payable by the Borrower under this Agreement, on or before such date as shall be mandated by such Change in Law or, if earlier, on the date required by the Lender in a notice to the Borrower.", "size": 8, "snippet_links": [{"key": "other-provision-of-this-agreement", "type": "clause", "offset": [20, 53]}, {"key": "notify-the", "type": "clause", "offset": [75, 85]}, {"key": "any-change", "type": "definition", "offset": [100, 110]}, {"key": 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32.3347015381, "published": true}, {"hash": "chzXnDuFOQw", "uri": "/contracts/chzXnDuFOQw#illegality-etc", "label": "Senior Secured Term Loan Agreement (Cresco Labs Inc.)", "score": 32.0335388184, "published": true}, {"hash": "jeni43Cl8pt", "uri": "/contracts/jeni43Cl8pt#illegality-etc", "label": "Senior Secured Term Loan Agreement", "score": 29.0872001648, "published": true}], "snippet": "There shall be no preliminary or permanent injunction or temporary restraining order or other order issued by a Governmental Authority or other legal restraint or prohibition (other than the Controlled Substances Act) enjoining or preventing, in whole or in part, the making of the Loan or the transactions contemplated by the Loan Documents, or which, in the judgment of the Administrative Agent, would make it illegal for any Agent or any Lender to perform its obligations under the Loan Documents.", "size": 8, "snippet_links": [{"key": "permanent-injunction", "type": "definition", "offset": [33, 53]}, 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"published": true}, {"hash": "9osLROTDNTL", "uri": "/contracts/9osLROTDNTL#illegality-etc", "label": "Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)", "score": 18.0, "published": true}, {"hash": "5rggXqP8OKc", "uri": "/contracts/5rggXqP8OKc#illegality-etc", "label": "Preferred Stock Purchase Agreement (Capital Z Financial Services Fund Ii Lp)", "score": 18.0, "published": true}], "snippet": "45 Section 5.1.10. NYSE Waiver; Stockholder Approval........................45 Section 5.1.11. Legal Opinions...........................................45 Section 5.1.12. Litigation...............................................45 Section 5.1.13. Board of Directors.......................................46 Section 5.1.14. Warehouse Facilities.....................................46 Section 5.2. Conditions to the Obligations of the Company...........", "size": 7, "snippet_links": [{"key": "nyse-waiver", "type": "definition", "offset": [19, 30]}, {"key": "stockholder-approval", "type": "clause", "offset": [32, 52]}, {"key": "legal-opinions", "type": "definition", "offset": [95, 109]}, {"key": "board-of-directors", "type": "clause", "offset": [247, 265]}, {"key": "warehouse-facilities", "type": "definition", "offset": [323, 343]}, {"key": "section-52", "type": "clause", "offset": [383, 394]}, {"key": "conditions-to-the-obligations-of-the-company", "type": "clause", "offset": [396, 440]}], "hash": "f9c90e756033a6fc8783c30bea760f24", "id": 6}, {"samples": [{"hash": "cU1erZxNOuO", "uri": "/contracts/cU1erZxNOuO#illegality-etc", "label": "Credit Agreement (California Resources Corp)", "score": 27.6283359528, "published": true}, {"hash": "aPMCJLXnqI", "uri": "/contracts/aPMCJLXnqI#illegality-etc", "label": "Credit Agreement (California Resources Corp)", "score": 27.6255989075, "published": true}, {"hash": "jRisqP34NKW", "uri": "/contracts/jRisqP34NKW#illegality-etc", "label": "Merger Agreement (Energizer Holdings, Inc.)", "score": 27.4010944366, "published": true}], "snippet": "The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity, legality or enforceability of any other provision; and if any provision is held to be unenforceable as a matter of law, the other provisions shall not be affected thereby and shall remain in full force and effect.", "size": 6, "snippet_links": [{"key": "illegality-or-unenforceability", "type": "clause", "offset": [16, 46]}, {"key": "provision-of", "type": "clause", "offset": [54, 66]}, {"key": "this-agreement", "type": "clause", "offset": [67, 81]}, {"key": "other-provisions", "type": "definition", "offset": [243, 259]}, {"key": "full-force-and-effect", "type": "definition", "offset": [310, 331]}], "hash": "3ddcc408820706e4d39a10e4b5f18d6a", "id": 7}, {"samples": [{"hash": "655a7yEziPa", "uri": "/contracts/655a7yEziPa#illegality-etc", "label": "Credit Agreement (Stanley Works)", "score": 21.0, "published": true}], "snippet": "Anything in subsection (a) or (b) above to the contrary notwithstanding,\n(i) if any Lender shall, at least one Business Day before the date of any requested Eurodollar Rate Advance or the date of any conversion to or continuation of a Eurodollar Rate Advance, notify the Administrative Agent that the introduction of or any change in or in the interpretation of any law or regulation makes it unlawful, or that any central bank or other governmental authority asserts that it is unlawful, for such Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate Advances or to fund or maintain Eurodollar Rate Advances hereunder, the Administrative Agent shall forthwith give notice thereof to the other Lenders and the Company, whereupon (A) such Lender shall have no obligation to make Eurodollar Rate Advances, or to convert Advances into Eurodollar Rate Advances, until such Lender notifies the Company and the Administrative Agent that the circumstances causing such suspension no longer exist and (B) each Borrower shall be deemed to have converted all Eurodollar Rate Advances of such Lender then outstanding into Base Rate Advances in accordance with Section 2.04 on and as of the date of the Administrative Agent\u2019s receipt of such notice, unless and to the extent such notice directs that one or more Eurodollar Rate Advances shall be so converted on the last day of the applicable Interest Period, provided that (w) before giving any such notice, such Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a designation would avoid the need for such suspension and conversion and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender, (x) any request by a Borrower for Eurodollar Rate Advances during a time when a Lender\u2019s obligation to make, or convert Advances into, Eurodollar Rate Advances shall be suspended hereunder shall be deemed to be a request for, or for conversion into, Base Rate Advances from such Lender, (y) all Advances that would otherwise be made by such Lender as Eurodollar Rate Advances during any such suspension shall instead be made as Base Rate Advances and (z) in the event any Lender shall notify the Administrative Agent and the Company of the occurrence of the circumstances causing such suspension under this Section 2.02(c), all payments and prepayments of principal that would otherwise have been applied to repay the Eurodollar Rate Advances that would have been made by such Lender or the converted Eurodollar Rate Advances shall instead be applied to repay the Base Rate Advances made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar Rate Advances;\n(ii) if the Reference Bank cannot furnish the Eurodollar Rate for any Borrowing consisting of Eurodollar Rate Advances because of conditions existing in the London interbank market, the right of the Borrowers to select Eurodollar Rate Advances shall be suspended until the Reference Bank shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist; and\n(iii) if the Required Lenders shall, at least one Business Day before the date of any requested Eurodollar Rate Advance, notify the Administrative Agent that the Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Required Lenders of making, funding or maintaining their respective Eurodollar Rate Advances for such Interest Period, the Administrative Agent shall forthwith so notify the Company and the Lenders, whereupon the Lenders shall have no obligation to make, or convert Advances into, Eurodollar Rate Advances until the Administrative Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist.", "size": 6, "snippet_links": [{"key": "business-day", "type": "definition", "offset": [111, 123]}, {"key": "date-of", "type": "clause", "offset": [135, 142]}, {"key": "continuation-of", "type": "clause", "offset": [217, 232]}, {"key": "notify-the-administrative-agent", "type": "clause", "offset": [260, 291]}, {"key": "change-in", "type": "clause", "offset": [324, 333]}, {"key": "interpretation-of", "type": "definition", "offset": [344, 361]}, {"key": "law-or-regulation", "type": "clause", "offset": [366, 383]}, {"key": "central-bank", "type": "clause", "offset": [415, 427]}, {"key": "governmental-authority", "type": "definition", "offset": [437, 459]}, {"key": "eurodollar-lending-office", "type": "clause", "offset": [512, 537]}, {"key": "eurodollar-rate-advances", "type": "clause", "offset": [583, 607]}, {"key": "to-fund", "type": "definition", "offset": [611, 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"published": true}, {"hash": "aS7xhGUr4EQ", "uri": "/contracts/aS7xhGUr4EQ#illegality-etc", "label": "Security Agreement (Interiors Inc)", "score": 18.0, "published": true}], "snippet": "The illegality or unenforceability of the Promissory Note or any other Loan Document or any instrument or agreement referred to herein shall not in any way affect or impair the legality or enforceability of this Agreement.", "size": 5, "snippet_links": [{"key": "illegality-or-unenforceability", "type": "clause", "offset": [4, 34]}, {"key": "the-promissory-note", "type": "clause", "offset": [38, 57]}, {"key": "loan-document", "type": "definition", "offset": [71, 84]}, {"key": "enforceability-of-this-agreement", "type": "clause", "offset": [189, 221]}], "hash": "8f5caa489458fcdb20dd022ac8a5fe0b", "id": 9}, {"samples": [{"hash": "dWP1rLPFIua", "uri": "/contracts/dWP1rLPFIua#illegality-etc", "label": "Security Agreement (Interiors Inc)", "score": 18.0, "published": true}, {"hash": "aS7xhGUr4EQ", "uri": "/contracts/aS7xhGUr4EQ#illegality-etc", "label": "Security Agreement (Interiors Inc)", "score": 18.0, "published": true}], "snippet": "19 7.3. GOVERNING LAW; CHOICE OF FORUM; SERVICE OF PROCESS..............19 7.4.", "size": 5, "snippet_links": [{"key": "governing-law", "type": "clause", "offset": [8, 21]}, {"key": "choice-of-forum", "type": "clause", "offset": [23, 38]}, {"key": "service-of-process", "type": "clause", "offset": [40, 58]}], "hash": "ba47167780f0dc7bb4b4fb0564f28bc2", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdpbGxlZ2FsaXR5LWV0YyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["amounts-and-terms-of-the-advances", "Amounts and Terms of the Advances"], ["making-the-advances", "Making the Advances"], ["conditions-to-closing-date-under-this-agreement", "Conditions to Closing Date under this Agreement"], ["payments-of-principal-and-interest", "Payments of Principal and Interest"], ["prepayments", "Prepayments"]], "title": "Illegality Etc", "size": 308, "children": [["illegality", "Illegality"], ["mitigation", "Mitigation"], ["notification-of-illegality", "Notification of illegality"], ["prepayment-termination-of-commitment", "Prepayment; termination of Commitment"], ["notification-and-effect-of-illegality", "Notification and effect of illegality"]], "id": "illegality-etc", "related": [["legality-etc", "Legality, etc", "Legality, etc"], ["illegality", "Illegality", "Illegality"], ["no-illegality", "No Illegality", "No Illegality"], ["illegality-and-impossibility", "Illegality and Impossibility", "Illegality and Impossibility"], ["increased-costs-illegality-etc", "Increased Costs, Illegality, etc", "Increased Costs, Illegality, etc"]], "related_snippets": [], "updated": "2026-02-25T05:25:33+00:00", "also_ask": ["What drafting elements ensure the clause covers all forms of illegality, including supervening events?", "How can the clause be negotiated to minimize risk if only part of an agreement becomes illegal?", "What are the most common enforceability challenges to illegality clauses in court?", "How does this clause compare to standard force majeure or frustration provisions?", "What are the potential unintended consequences if the clause is too broadly or narrowly drafted?"], "drafting_tip": "Specify the consequences of illegality, clarify severability, and outline alternative obligations to ensure the clause remains enforceable and the parties\u2019 intentions are preserved.", "explanation": "The \"Illegality, Etc\" clause defines the parties' obligations and rights if any part of the contract becomes illegal, invalid, or unenforceable due to changes in law or regulation. Typically, this clause specifies that the affected provision will be deemed modified or severed to the extent necessary to comply with the law, while the remainder of the contract remains in effect. Its core function is to ensure that the contract can continue to operate even if certain terms are rendered unenforceable, thereby minimizing disruption and legal risk for both parties."}, "json": true, "cursor": ""}}