Common use of Supervening Illegality Clause in Contracts

Supervening Illegality. If, after the Loan Date, as the result of (i) the adoption of any law, rule or regulation by the United States of America or other Governmental Body, (ii) any change in the existing laws, rules and regulations of the United States of America or other Governmental Body, (iii) the issuance of any order or decree by any Governmental Body, (iv) any change in the interpretation or administration of any applicable law, rule, regulation, order or decree by any Governmental Body (including any central bank or similar agency) charged with the interpretation or administration thereof, or (v) compliance by the Bank with any request or directive (whether or not having the force of law) of any Governmental Body, it shall be unlawful or impossible for the Bank to maintain the Loan (after the Bank shall have used reasonable efforts to avoid such result), the Bank shall so notify the Company and the Bank may require the Company to prepay the entire principal amount of, and all accrued and unpaid interest on, the Loan, together with any amount payable pursuant to Section 3.6(c), by giving the Company at least thirty (30) business days' prior written notice. If after the date hereof and prior to the Loan Date it shall become unlawful or impossible for the Bank to make the Loan, the obligation to make the Loan shall terminate forthwith.

Supervening Illegality. If, after the any Loan Date, as the result of (i) the adoption of any law, rule or regulation by the United States of America or other Governmental Body, (ii) any change in the existing laws, rules and regulations of the United States of America or other Governmental Body, (iii) the issuance of any order or decree by any Governmental Body, (iv) any change in the interpretation or administration of any applicable law, rule, regulation, order or decree by any Governmental Body (including any central bank or similar agency) charged with the interpretation or administration thereof, or (v) compliance by the Bank with any request or directive (whether or not having the force of law) of any Governmental Body, it shall be unlawful or impossible for the Bank to maintain the Loan Loans, or either of them (after the Bank shall have used reasonable efforts to avoid such result), the Bank shall so notify the Company and the Bank may require the Company to prepay the entire principal amount of, and all accrued and unpaid interest on, the Loansuch Loan or Loans, together with any amount payable pursuant to Section 3.6(c3.06(C), by giving the Company at least thirty (30) business days' prior written notice. If after the date hereof Effective Date and prior to the a Loan Date it shall become unlawful or impossible for the Bank to make the a Loan, the obligation to make the such Loan shall terminate forthwith.