Common use of Unlawfulness Clause in Contracts

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any Finance Document or, subject to the Reservations, any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawful.

Appears in 5 contracts

Samples: Credit Agreement (Sappi LTD), Facility Agreement (Sappi LTD), Amending Agreement (Sappi LTD)

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Unlawfulness. (a) It is or becomes unlawful for an Obligor (or any other member of the Group that is a Non-Obligor Chargor party to the Intercreditor Agreement) to perform any of its obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under the Intercreditor Agreement is or becomes unlawful.

Appears in 4 contracts

Samples: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under the Intercreditor any Subordinated Shareholder Loan Agreement is or becomes unlawful.

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (Alliance Data Systems Corp)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its material obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawfuleffective.

Appears in 2 contracts

Samples: Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any Finance Document or, subject to the Reservations, Transaction Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawfuleffective.

Appears in 2 contracts

Samples: Assignment Agreement (Fx Energy Inc), Agreement (Fx Energy Inc)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under the Intercreditor any agreement subordinating intercompany debt to this Agreement is or becomes unlawful.

Appears in 1 contract

Samples: Central European Media Enterprises LTD

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its material obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective effective, or any subordination created under the Intercreditor Agreement any Subordination Deed is or becomes unlawful.

Appears in 1 contract

Samples: Agreement (PCGI Intermediate Holdings LTD)

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Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under the Finance Documents in any Finance Document or, subject to the Reservations, material respect or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawfuleffective.

Appears in 1 contract

Samples: Agreement (Cboe Global Markets, Inc.)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under the Finance Documents or any Finance Document or, subject to the Reservations, any Transaction Security created or expressed to be created or evidenced by the Transaction any Security Documents Document ceases to be effective or any subordination under does not create the Intercreditor Agreement becomes unlawfulranking and priority it is expressed to have.

Appears in 1 contract

Samples: Agreement (KNOT Offshore Partners LP)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any the Finance Document or, subject to the Reservations, Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawfuleffective.

Appears in 1 contract

Samples: Agreement (Daqo New Energy Corp.)

Unlawfulness. (a) It is or becomes unlawful for an Obligor or a Non-Obligor Chargor to perform any of its obligations under any Finance Document or, subject to the Reservations, any Transaction Conditional Security created or expressed to be created or evidenced by the Transaction Conditional Security Documents ceases to be effective or any subordination under the Intercreditor Agreement becomes unlawful.

Appears in 1 contract

Samples: Intercreditor Agreement (Sappi LTD)

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