Unlawfulness and invalidity. (a) It is or becomes unlawful for a Security Party to perform any of its obligations under the Finance Documents or any Encumbrance created or expressed to be created or evidenced by the Security Documents ceases to be effective.
Appears in 14 contracts
Samples: Amending and Restating Agreement (DHT Holdings, Inc.), Loan Agreement, Fourth Supplemental Agreement (TORM PLC)
Unlawfulness and invalidity. (a) It is or becomes unlawful for a the Borrower or any other Security Party to perform any of its obligations under the Finance Documents Documents, or any Encumbrance created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective.
Appears in 6 contracts
Samples: Agreement (Hoegh LNG Partners LP), Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)
Unlawfulness and invalidity. (ai) It is or becomes unlawful for a Security Party to perform any of its obligations under the Finance Documents or any Encumbrance created or expressed to be created or evidenced by the Security Documents ceases to be effective.
Appears in 2 contracts
Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Unlawfulness and invalidity. (ac) It is or becomes unlawful for a Security Party to perform any of its obligations under the Finance Documents or any Encumbrance created or expressed to be created or evidenced by the Security Documents ceases to be effective.
Appears in 1 contract
Samples: Scorpio Bulkers Inc.
Unlawfulness and invalidity. (af) It is or becomes unlawful for a Security Party to perform any of its obligations under the Finance Documents or any Encumbrance created or expressed to be created or evidenced by the Security Documents ceases to be effective.
Appears in 1 contract
