Common use of Causes of illegality Clause in Contracts

Causes of illegality. This Clause 20 applies if the introduction of, or any change in, any applicable Law, 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 or makes it unlawful for any Affiliate of a Bank for that Bank to do so.

Appears in 2 contracts

Samples: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)

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Causes of illegality. This Clause 20 19 applies if the introduction of, or any change in, any applicable Lawlaw 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 or makes it unlawful for any Affiliate of a Bank for that Bank to do soAgreement.

Appears in 2 contracts

Samples: Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD), Credit Facility Agreement (Max Capital Group Ltd.)

Causes of illegality. This Clause 20 ý19 applies if the introduction of, or any change in, any applicable Lawlaw 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 or makes it unlawful for any Affiliate of a Bank for that Bank to do soAgreement.

Appears in 2 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Max Capital Group Ltd.)

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Causes of illegality. This Clause 20 17 applies if the introduction of, or any change in, any applicable Lawlaw 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 or makes it unlawful for any Affiliate of a Bank for that Bank to do soAgreement.

Appears in 1 contract

Samples: Credit Facility Agreement (Xl Group PLC)

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