Common use of Potential Invalidity Clause in Contracts

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture shall extend to or include any liability or sum which would, but for this Clause 2.2, cause such covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇.

Appears in 2 contracts

Sources: Lc Procurement Agreement (Endeavour International Corp), Credit Agreement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture shall extend to or include any liability or sum which would, but for this Clause 2.2, cause such covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Credit Agreement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 2 (Covenant to pay Secured Liabilitiespay), nor the Security created by this Debenture Deed shall extend to or include any liability or sum which would, but for this Clause 2.21.7, cause such any covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇.. LO\3297205.8

Appears in 1 contract

Sources: Lc Procurement Agreement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture Charge shall extend to or include any liability or sum which would, but for this Clause 2.22.3, cause such covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Credit Agreement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture Agreement shall extend to or include any liability or sum which would, but for this Clause 2.2, cause such covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Supplemental Deed of Amendment and Restatement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture Assignation shall extend to or include any liability or sum which would, but for this Clause 2.22.3, cause such covenant, obligation or Security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Credit Agreement (Endeavour International Corp)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), Pay) nor the Security obligation to pay interest pursuant to Clause 2.3 (Interest) nor the security created by this Debenture shall extend to or include any liability or sum which would, but for this Clause 2.2, cause such covenant, obligation covenant or Security security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Debenture (Constar International Inc)

Potential Invalidity. Neither the covenant to pay in Clause 2.1 (Covenant to pay Secured Liabilities), nor the Security created by this Debenture Deed shall extend to or include any liability or sum which would, but for this Clause 2.2, cause such covenant, obligation or Security security to be unlawful under any applicable law or would if it were so included, cause the infringement of section 678 of the Companies ▇▇▇ ▇▇▇▇law.

Appears in 1 contract

Sources: Credit Agreement (Endeavour International Corp)