Common use of Illegality; Increased Costs Clause in Contracts

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Borrower by the Tranche B Lender with a copy to the Finnvera Facility B Agent and which shall be final and binding between the parties hereto in the absence of manifest error) that (a) the adoption by a governmental or international authority (including the Bank for International Settlements (the “BIS”)) of a law, directive, requirement or guideline, whether or not having the force of law, (b) any modification to a law, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental or international authority (including the BIS) or other body charged with such interpretation or application, or (c) any quashing by a tribunal or other governmental or international authority or body (including the BIS) of an interpretation of any law, directive, requirement or guideline, whether or not having the force of law:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Videotron Ltee)

AutoNDA by SimpleDocs

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Borrower by the Tranche B Lender with a copy to the Finnvera Facility B Agent and which shall be final and binding between the parties hereto in the absence of manifest error) that (a) the adoption by a governmental or international authority (including the Bank for International Settlements (the “BIS”)) of a law, directive, requirement or guideline, whether or not having the force of law, (b) any modification to a law, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental or international authority (including the BIS) or other body charged with such interpretation or application, or (c) any quashing by a tribunal or other governmental or international authority or body (including the BIS) of an interpretation of any law, directive, requirement or guideline, whether or not having the force of law:

Appears in 1 contract

Samples: Credit Agreement (Videotron Ltee)

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Agent by the Lender, to be transmitted to the Borrower by the Tranche B Lender with a copy to the Finnvera Facility B Agent and which shall be final and binding between the parties hereto in the absence of manifest error) that (ai) the adoption by a governmental governmental, regulatory or international authority (including the Bank for International Settlements (the "BIS")) of a lawLaw, directive, requirement or guideline, whether or not having the force of law, (bii) any modification to a lawLaw, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental governmental, regulatory or international authority (including the BIS) or other body charged with such interpretation or application, or (ciii) any quashing by a tribunal or other governmental governmental, regulatory or international authority or body (including the BIS) of an interpretation of any lawLaw, directive, requirement or guideline, whether or not having the force of law:

Appears in 1 contract

Samples: Credit Agreement (Cgi Group Inc)

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Borrower by the Tranche B Lender with a copy to the Finnvera Facility B Agent and which shall be final and binding between the parties hereto in the absence of manifest error) that (a) the adoption by a governmental or international authority (including the Bank for International Settlements (the "BIS")) of a law, directive, requirement or guideline, whether or not having the force of law, (b) any modification to a law, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental or international authority (including the BIS) or other body charged with such interpretation or application, or (c) any quashing by a tribunal or other governmental or international authority or body (including the BIS) of an interpretation of any law, directive, requirement or guideline, whether or not having the force of law:

Appears in 1 contract

Samples: Credit Agreement (Videotron 1998 Ltee)

AutoNDA by SimpleDocs

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Borrower by the Tranche B Lender with a copy to the Agent (in the case of a Revolving Lender) or the Finnvera Facility B Agent (in the case of a Finnvera Facility Lender) and which shall be final and binding between the parties hereto in the absence of manifest error) that (a) the adoption by a governmental or international authority (including the Bank for International Settlements (the “BIS”)) of a law, directive, requirement or guideline, whether or not having the force of law, (b) any modification to a law, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental or international authority (including the BIS) or other body charged with such interpretation or application, or (c) any quashing by a tribunal or other governmental or international authority or body (including the BIS) of an interpretation of any law, directive, requirement or guideline, whether or not having the force of law:

Appears in 1 contract

Samples: Credit Agreement (Videotron Ltee)

Illegality; Increased Costs. If a Tranche B Lender, acting reasonably, determines (which determination shall be attested to by a certificate submitted to the Borrower Borrowers by the Tranche B such Lender with a copy to the Finnvera Facility B Agent and which shall be final and binding between the parties hereto in the absence of manifest error) that (athat, after the date hereof, there has occurred i) the adoption by a governmental or international authority (including the Bank for International Settlements (the "BIS")) of a law, directive, requirement or guideline, whether or not having the force of law, (bii) any modification to a law, directive or guideline, whether or not having the force of law, or to the interpretation or application of same by a tribunal or governmental or international authority (including the BIS) or other body charged with such interpretation or application, or (ciii) any quashing by a tribunal or other governmental or international authority or body (including the BIS) of an interpretation of any law, directive, requirement or guideline, whether or not having the force of law, which:

Appears in 1 contract

Samples: Credit Agreement (Intertape Polymer Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.