Common use of No Illegality Clause in Contracts

No Illegality. No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of the Lessee or its counsel, would make it illegal for the Lessee to enter into any transaction contemplated by the Operative Agreements.

Appears in 21 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

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No Illegality. No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of any Participant, the Lessee Policy Provider or its their respective counsel, would make it illegal for such Participant or the Lessee Policy Provider, as the case may be, to enter into any transaction contemplated by the Operative AgreementsAgreements or the Pass Through Documents.

Appears in 11 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

No Illegality. No change shall have occurred after the date of the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of the Lessee such Participant or its counsel, would make it illegal for the Lessee such Participant to enter into any transaction contemplated by the Operative Agreements.

Appears in 7 contracts

Samples: Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern), Participation Agreement (Kansas City Southern)

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No Illegality. No change shall have occurred after the execution and delivery of this Agreement in applicable law or regulations thereunder or interpretations thereof by regulatory authorities that, in the opinion of the Lessee such Participant or its counsel, would make it illegal for the Lessee such Participant to enter into any transaction contemplated by the Operative Agreements.

Appears in 6 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

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