Common use of Unlawfulness Clause in Contracts

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 30 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Agreement (Seanergy Maritime Holdings Corp.)

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Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, Party to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor the Bank to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 7 contracts

Samples: Loan Agreement (Globus Maritime LTD), Facility Agreement (Freeseas Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for the Borrower or any other Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor the Bank to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 3 contracts

Samples: Agreement (NewLead Holdings Ltd.), Master Agreement (Capital Maritime & Trading Corp.), Master Agreement (Capital Maritime & Trading Corp.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor the Security Agent to exercise the rights or any of them vested in it or them under any of the Security Documents or otherwise; or

Appears in 2 contracts

Samples: Confidential (Golar LNG Partners LP), Management Agreement (Golar LNG LTD)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, Party to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 2 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Finance Documents or for a Creditor the Lender to exercise the rights or any of them vested in it under any of the Security Finance Documents or otherwise; or

Appears in 2 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Agreement (Imperial Petroleum Inc./Marshall Islands)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Finance Documents, either Master Swap Agreement or any of the Underlying Documents or for a Creditor the Agent or the Banks to exercise the rights or any of them vested in it them under any of the Security Finance Documents or any Underlying Documents or otherwise; or

Appears in 1 contract

Samples: Agreement (Omega Navigation Enterprises, Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or any of the Underlying Documents or for a Creditor the Agent or the Banks to exercise the rights or any of them vested in it them under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Facilities Agreement (Aries Maritime Transport LTD)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil fulfill any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor the Bank to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or the Underlying Documents or for a Creditor to exercise the rights or any of them vested in it under any of the Security Documents or the Underlying Documents or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, Party to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor any of the Finance Parties to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security PartyParty or HoldCo, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents to which it is a party or for a Creditor to exercise the rights or any of them vested in it under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Golden Energy Marine Corp.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents or for a Creditor the Agent or the other Creditors to exercise the rights or any of them vested in it or them under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents, the Master Swap Agreement or any of the Underlying Documents or for a Creditor the Agent or the Banks to exercise the rights or any of them vested in it them under any of the Security Documents, the Master Swap Agreement or any Underlying Documents or otherwise; or

Appears in 1 contract

Samples: Facilities Agreement (Omega Navigation Enterprises, Inc.)

Unlawfulness. it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in any of the Security Documents, the Master Swap Agreements or any of the Underlying Documents or for a Creditor the Agent or the Banks to exercise the rights or any of them vested in it them under any of the Security Documents or otherwise; or

Appears in 1 contract

Samples: Agreement (Aries Maritime Transport LTD)

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