Impossibility, Illegality. The Client is prevented from making any payment or delivery or it becomes impossible, impracticable or illegal for the Client to make any payment or delivery. The Client will notify MSI plc immediately of the occurrence of an Event of Default or of an event which with the passing of time, giving of notice, expiry of any applicable grace period or the making of any determination by MSI plc may constitute an Event of Default.
Appears in 3 contracts
Sources: International Prime Brokerage Agreement, International Prime Brokerage Agreement, International Prime Brokerage Agreement