Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 8 contracts
Samples: Agreement (Hafnia LTD), Agreement (Hafnia LTD), Agreement (Hafnia LTD)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveDocuments.
Appears in 6 contracts
Samples: Igt Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or becomes unlawful.
Appears in 5 contracts
Samples: Facilty Agreement (Pra Group Inc), Fourth Amendment and Restatement Agreement (Pra Group Inc), Pra Group Inc
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or Material NEXT System Documents to which it is a party or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination or priority arrangement created under any Subordination Agreement or the Motorola Intercreditor Agreement is or becomes unlawful.
Appears in 5 contracts
Samples: Agreement (Iridium Communications Inc.), Coface Facility Agreement (Iridium Communications Inc.), Agreement (Iridium Communications Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created in respect of a Subordinated Loan is or becomes unlawful.
Appears in 4 contracts
Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term Facility Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement (KNOT Offshore Partners LP)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or a Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under any Subordination Agreement is or becomes unlawful.
Appears in 3 contracts
Samples: Facilities Agreement (StarTek, Inc.), Senior Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful under any applicable jurisdiction for an Obligor to perform any of its obligations under the Finance Documents (in circumstances or to an extent which could reasonably be expected to have a Material Adverse Effect) or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 3 contracts
Samples: Facility Agreement (Innospec Inc.), Revolving Facility Agreement (Innospec Inc.), Facility Agreement (Innospec Inc.)
Unlawfulness and invalidity. (a) 24.9.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under any Finance Document is or becomes unlawful.
Appears in 3 contracts
Samples: Facilities Agreement (International Shipping Enterprises, Inc.), Facilities Agreement (International Shipping Enterprises, Inc.), Agreement (Navios Maritime Holdings Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful under any applicable jurisdiction for an Obligor to perform any of its obligations under the Finance Documents in circumstances or any Transaction Security created or expressed to an extent which could reasonably be created or evidenced by the Transaction Security Documents ceases expected to be effectivehave a Material Adverse Effect.
Appears in 3 contracts
Samples: Facility Agreement (Octel Corp), Facility Agreement (Octel Corp), Multicurrency Term and Revolving Facilities Agreement (Octel Corp)
Unlawfulness and invalidity. (a) 30.11.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 3 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), DryShips Inc., Navigator Holdings Ltd.
Unlawfulness and invalidity. (a1) It is or becomes unlawful for an Obligor Obligor, the Collections Account Holder, the Servicer or the Transferor to perform or comply with any of its obligations under the Finance Transaction Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Security Trust Deed or the Servicing and Cash Management Agreement is or becomes unlawful in each case in a manner which materially adversely affects the interests of the Senior Lenders under the Finance Documents.
Appears in 3 contracts
Samples: Facility Agreement (Encore Capital Group Inc), Assignment Agreement (Encore Capital Group Inc), Assignment Agreement (Encore Capital Group Inc)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an a Grantor, Obligor or any other member of the Group to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Subordination Deed or the Deed of Priority is or becomes unlawful.
Appears in 3 contracts
Samples: And Restatement Agreement (Melco Crown Entertainment LTD), Restatement Agreement (Melco Crown Entertainment LTD), Facilities Agreement (Melco PBL Entertainment (Macau) LTD)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Intercreditor Agreement is or becomes unlawful.
Appears in 2 contracts
Samples: Facility Agreement (Global Ship Lease, Inc.), Facility Agreement (Global Ship Lease, Inc.)
Unlawfulness and invalidity. (a) 24.9.1 It is or becomes unlawful for an Obligor or any other Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Subordination Agreement is or becomes unlawful.
Appears in 2 contracts
Samples: Facilities Agreement (Lesaka Technologies Inc), GBF Agreement (Net 1 Ueps Technologies Inc)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or the Spanish Pledgor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor the Company to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Facilities Agreement (NLS Pharmaceutics Ltd.), Facilities Agreement (NLS Pharmaceutics Ltd.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor Obligor, a Shareholder or the Charterer to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveDocuments.
Appears in 2 contracts
Samples: Agreement (Hoegh LNG Partners LP), Hoegh LNG Partners LP
Unlawfulness and invalidity. (a) It is or becomes unlawful for an a Transaction Obligor to perform any of its material obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under a Subordination Agreement is or becomes unlawful.
Appears in 2 contracts
Samples: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)
Unlawfulness and invalidity. (a) a. It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or becomes unlawful.
Appears in 2 contracts
Samples: Third Amendment and Restatement Agreement (Pra Group Inc), Pra Group Inc
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security subordination created under the Finance Documents is or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.becomes unlawful; or
Appears in 2 contracts
Samples: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)
Unlawfulness and invalidity. (a) 31.12.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Facility Agreement (Navigator Holdings Ltd.), Navigator Holdings Ltd.
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or is or becomes unlawful.
Appears in 2 contracts
Samples: South Texas Supply Company, Inc., South Texas Supply Company, Inc.
Unlawfulness and invalidity. (a) 30.12.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Facility Agreement (Quintana Shipping Ltd.), Navigator Holdings Ltd.
Unlawfulness and invalidity. (a) 23.11.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Transaction Documents to which it is a party or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: And Restatement Agreement (MIE Holdings Corp), Shares Purchase Agreement (MIE Holdings Corp)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveDocuments.
Appears in 2 contracts
Samples: Facility Agreement (Gran Tierra Energy Inc.), Prepayment Agreement (GeoPark LTD)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor the Company to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under any Subordination Agreement is or becomes unlawful.
Appears in 2 contracts
Samples: Facility Agreement (Ener1 Inc), Facility Agreement (Ener1 Inc)
Unlawfulness and invalidity. (a) 27.9.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Agreement (Teekay Tankers Ltd.), Agreement (Teekay Tankers Ltd.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or any other person to perform any of its obligations under the Finance Documents or any Transaction Security security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 2 contracts
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents to which it is a party or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents Encumbrance ceases to be effective.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Unlawfulness and invalidity. (a) 22.9.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Lesaka Technologies Inc)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor any Material Cash Company to perform any of its obligations under the Transaction Documents to the extent that such unlawfulness (as determined by the Majority Lenders) materially and adversely affects the interests of the Lenders under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Security Trust Deed is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Assignment Agreement (Central European Media Enterprises LTD)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or a Relevant Subsidiary to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under any Finance Document is or becomes unlawful.
Appears in 1 contract
Samples: Agreement
Unlawfulness and invalidity. (a) 24.9.1 It is or becomes unlawful for an Obligor Obligor, to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or any Security Provider to perform any of its material obligations under the Finance Documents or any Transaction Security created subordination effected or expressed purported to be created effected under the Finance Documents is or evidenced by the Transaction Security Documents ceases to be effectivebecomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Intercreditor Agreement is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (aA) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Transaction Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectivelegal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lender) to be ineffective.
Appears in 1 contract
Samples: www.hk1282.com
Unlawfulness and invalidity. (a) It is or becomes unlawful for an any Obligor or any Approved Manager to perform any of its or her obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective (subject to the Legal Reservations and Perfection Requirements) or any subordination created under a Finance Document is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents Encumbrance ceases to be effective.
Appears in 1 contract
Samples: Performance Shipping Inc.
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or Security Provider or the Servicer to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under any Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) 26.11.1 It is or becomes unlawful for an Obligor or any other member of the Group which has entered into any Finance Document to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or any other member of the Group which has entered into any Finance Document to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under a Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or a Security Provider to perform any of its obligations under the Finance 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 any Subordination Agreement is or becomes unlawful. 141
Appears in 1 contract
Samples: Facilities Agreement (StarTek, Inc.)
Unlawfulness and invalidity. (a) 22.10.1 It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Karooooo Ltd.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor Obligor, to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Enstar Group LTD
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or becomes unlawful or any subordination created under the STID ceases to be effective or is or becomes unlawful.
Appears in 1 contract
Samples: Common Terms Agreement
Unlawfulness and invalidity. (a) It is or becomes unlawful for an a Grantor or any Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Subordination Deed is or becomes unlawful.
Appears in 1 contract
Samples: Facilities Agreement (Melco Crown Entertainment LTD)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or a Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Multicurrency Revolving Facility Agreement (Smithfield Foods Inc)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance 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 in respect of a Subordinated Loan is or becomes unlawful. 76/120
Appears in 1 contract
Samples: Term Facility Agreement
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or Documents, any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under the Intercreditor Agreement is or becomes unlawful.
Appears in 1 contract
Samples: Share Pledge Agreement (CGG Veritas)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Encumbrance created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Performance Shipping Inc.
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under a Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or Mxxxxx to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveDocuments.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.. Xxxxx Lovells
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or a Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents or the Borrowing Base Security Documents ceases to be effective.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an a Transaction Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or any subordination created under a Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Samples: Assignment Agreement (American Realty Capital Global Trust, Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor the Issuer to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Bond Terms
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Samples: Agreement (Danaos Corp)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or the Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effectiveeffective or is or becomes unlawful and the unlawfulness individually or cumulatively materially and adversely affects the interest of the Lender under the Finance Documents.
Appears in 1 contract
Samples: Facility Agreement (Central European Distribution Corp)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an a Transaction Obligor to perform any of its obligations under the Finance 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 a Subordination Agreement is or becomes unlawful.
Appears in 1 contract
Samples: Facility Agreement (American Realty Capital Global Trust II, Inc.)
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Transaction Documents or any Transaction Security encumbrance created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 1 contract
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance 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 ceases to be effective.
Appears in 1 contract
Samples: Agreement (Klondex Mines LTD)