Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers to fulfil any of the covenants and obligations contained in this Agreement or in the Notes, or for any of the Lenders to exercise any of the rights vested in any of them under this Agreement or the Notes and such impossibility or illegality, in the reasonable opinion of such Lender, will have a Material Adverse Change on any of its rights under this Agreement or the Notes or on any of its rights to enforce any thereof; or
Appears in 2 contracts
Sources: Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers Borrower, to fulfil fulfill any of the covenants and obligations contained in this Agreement or in the Notesherein or, or for any of the Lenders to exercise any of the rights vested in any of them under this Agreement or the Notes hereunder and such impossibility or illegality, in the reasonable opinion of such the Lender, will have a Material Adverse Change material adverse effect on any of its rights hereunder, or under this Agreement or the Notes Security Document or on any of its rights to enforce any thereof; or
Appears in 2 contracts
Sources: Term Loan Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp)
Impossibility, Illegality. It it becomes impossible or unlawful for the Borrowers Borrower to fulfil fulfill any of the covenants and obligations contained in this Agreement herein or in the Notes, Note or for any of the Agent or the Lenders to exercise any of the rights vested in any of them hereunder or under this Agreement or the Notes Note and such impossibility or illegality, illegality in the reasonable opinion of such Lender, the Majority Lenders will have give rise to a Material Adverse Change on any of its rights under this Agreement or the Notes or on any of its rights to enforce any thereofChange; or
Appears in 2 contracts
Sources: Revolving Credit Facility Agreement (Seacor Smit Inc), Revolving Credit Facility Agreement (Seacor Smit Inc)
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers Borrower to fulfil fulfill any of the covenants and obligations contained in this Agreement herein or in the Notes, Notes or for any of the Lenders to exercise any of the rights vested in any of them hereunder or under this Agreement or the Notes and such impossibility or illegality, illegality in the reasonable opinion of such Lender, the Majority Lenders will have give rise to a Material Adverse Change on any of its rights under this Agreement or the Notes or on any of its rights to enforce any thereofChange; or
Appears in 1 contract
Sources: Revolving Credit Facility (Seacor Holdings Inc /New/)
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers to fulfil fulfill any of the covenants and obligations contained in this Agreement herein or in the Notes, or for any of the Lenders to exercise any of the rights vested in any of them hereunder or under this Agreement or the Notes and such impossibility or illegality, in the reasonable opinion of such Lender, will have a Material Adverse Change on any of its rights hereunder or under this Agreement or the Notes or on any of its rights to enforce any thereof; or
Appears in 1 contract