Causes of illegality. This Clause 19 applies if the introduction of, or any change in, any applicable law or regulation, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) to maintain or give effect to its obligations under this Agreement.
Appears in 2 contracts
Samples: Agreement (ALTERRA CAPITAL HOLDINGS LTD), Facility Agreement (Max Capital Group Ltd.)
Causes of illegality. This Clause 19 ý19 applies if the introduction of, or any change in, any applicable law or regulation, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) to maintain or give effect to its obligations under this Agreement.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement (Max Capital Group Ltd.)
Causes of illegality. This Clause 19 20 applies if the introduction of, or any change in, any applicable law or regulationLaw, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) to maintain or give effect to its obligations under this AgreementAgreement or makes it unlawful for any Affiliate of a Bank for that Bank to do so.
Appears in 2 contracts
Samples: Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)
Causes of illegality. This Clause 19 17 applies if the introduction of, or any change in, any applicable law or regulation, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a the Bank (the “Affected Bank”) to maintain or give effect to its obligations under this Agreement.
Appears in 1 contract
