Unlawfulness and invalidity Sample Clauses

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.
AutoNDA by SimpleDocs
Unlawfulness and invalidity. (a) It is or becomes unlawful for the Borrower to perform any of its obligations under the Finance Documents.
Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or any other member of the Group or any lender under any Shareholder Loan that is a party to the Intercreditor Agreement to perform any of its obligations under the Finance Documents or, subject to the Legal Reservations and Perfection Requirements 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 is or becomes unlawful.
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.
Unlawfulness and invalidity. (a) It is or becomes unlawful for the Borrower to perform any of its material obligations under this Agreement.
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent to exercise any right or power vested to it under the Finance Documents.
Unlawfulness and invalidity. It is or becomes unlawful for an Obligor to perform any of its obligations under the Finance Documents.
AutoNDA by SimpleDocs
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 (in case of each Personal Guarantor, subject to paragraph (c) of the definition ofLegal Reservations”).
Unlawfulness and invalidity. (a) Subject to the Legal Reservations, it is or becomes unlawful for an Obligor or any other Group Company that is a party to the Intercreditor Agreement or the SSO Subordination Agreement 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 or the SSO Subordination Agreement is or becomes unlawful.
Unlawfulness and invalidity. (i) It is or becomes unlawful for any Loan Party to perform any of its material obligations under the Loan Documents or any Security Document, or any Security Document ceases to be effective, (ii) any material obligation or obligations of any Loan Party under any of the Loan Documents are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Loan Documents, or (iii) any material Loan Document ceases to be in full force and effect or any Security Document ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it to be ineffective; or
Time is Money Join Law Insider Premium to draft better contracts faster.