Common use of Inability of Lender to Submit Forms Clause in Contracts

Inability of Lender to Submit Forms. If any Lender or Issuing Bank determines in good faith that (i) it is not legally able to submit to the Borrower or Administrative Agent any form or certificate that such Lender or Issuing Bank is obligated to submit pursuant to Section 3.3(b), (ii) it is required to withdraw or cancel any such form or certificate previously submitted, or (iii) any such form or certificate otherwise becomes ineffective or inaccurate, such Lender or Issuing Bank shall promptly notify the Borrower and Administrative Agent of such fact, and such Lender or Issuing Bank shall to that extent not be obligated to provide any such form or certificate and will be entitled to withdraw or cancel any affected form or certificate, as applicable.

Appears in 1 contract

Samples: Credit Agreement (Seacor Holdings Inc /New/)

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Inability of Lender to Submit Forms. If any Lender Bank determines, as a result of any change in applicable law, regulation or Issuing Bank determines treaty, or in good faith any official application or interpretation thereof, that (i) it is not legally able unable to submit to the Borrower or Administrative the Agent any form or certificate that such Lender or Issuing Bank is obligated to submit pursuant to subsection (b) of this Section 3.3(b), (ii) it 12.1 or that such Bank is required to withdraw or cancel any such form or certificate previously submitted, submitted or (iii) any such form or certificate otherwise becomes ineffective or inaccurate, such Lender or Issuing Bank shall promptly notify the Borrower and Administrative Agent of such fact, fact and such Lender or Issuing the Bank shall to that extent not be obligated to provide any such form or certificate and will be entitled to withdraw or cancel any affected form or certificate, as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Inability of Lender to Submit Forms. If any Lender ----------------------------------- determines, as a result of any change in applicable law, regulation or Issuing Bank determines treaty, or in good faith any official application or interpretation thereof, that (i) it is not legally able unable to submit to the Borrower or Administrative the Agent any form or certificate that such Lender or Issuing Bank is obligated to submit pursuant to Section 3.3(b), (ii) it or that such Lender is required to withdraw or cancel any such form or certificate previously submitted, submitted or (iii) any such form or certificate otherwise becomes ineffective or inaccurate, such Lender or Issuing Bank shall promptly notify the Borrower and Administrative the Agent of such fact, fact and such the Lender or Issuing Bank shall to that extent not be obligated to provide any such form or certificate and will be entitled to withdraw or cancel any affected form or certificate, as applicable.

Appears in 1 contract

Samples: Secured Credit Agreement (Quanta Services Inc)

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Inability of Lender to Submit Forms. If any Lender or Issuing Bank determines in good faith faith, as a result of any change in applicable law, regulation or treaty, or in any official application or interpretation thereof, that (i) it is not legally able to submit to the Borrower or Administrative Agent any form or certificate that such Lender or Issuing Bank is obligated to submit pursuant to Section 3.3(b), (ii) it is required to withdraw or cancel any such form or certificate previously submitted, submitted or (iii) any such form or certificate otherwise becomes ineffective or inaccurate, such Lender or Issuing Bank shall promptly notify the Borrower and Administrative Agent of such fact, and such Lender or Issuing Bank shall to that extent not be obligated to provide any such form or certificate and will be entitled to withdraw or cancel any affected form or certificate, as applicable.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Seadrill LTD)

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