Common use of Change in Legality Clause in Contracts

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated hereby, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 27 contracts

Samples: Credit Agreement (PHH Corp), Credit Agreement (PHH Corp), Fourth Amendment (PHH Corp)

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Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof Regulatory Change shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated hereby, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 10 contracts

Samples: Credit Agreement (Qwest Corp), Credit Agreement (Lumen Technologies, Inc.), Credit Agreement (Qwest Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if if, after the Effective Date, any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated hereby, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 5 contracts

Samples: Interim Term Loan Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp), Day Credit Agreement (Cendant Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if if, after the Closing Date, any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated hereby, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 5 contracts

Samples: Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Lender or its LIBOR Lending Office to make or maintain any LIBOR Loan Rate Advance or to give effect to its obligations as contemplated hereby, then, by prompt written notice to the Borrower and to the Administrative AgentCompany, such Lender may:

Appears in 2 contracts

Samples: Credit Agreement (Texas Petrochemical Holdings Inc), Credit Agreement (Axia Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any the Lender to make or maintain any LIBOR Loan Borrowing or to give effect to its obligations as contemplated herebyhereby with respect to any LIBOR Borrowing, then, then by written notice to the Borrower setting forth in reasonable detail the relevant circumstances and to the Administrative Agenteffect thereof, such the Lender may:

Appears in 2 contracts

Samples: Credit Agreement (Knight Transportation Inc), Credit Agreement (Knight Transportation Inc)

Change in Legality. (a) Notwithstanding anything to the contrary any other provision herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated herebyhereby with respect to any LIBOR Loan, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 1 contract

Samples: Liquidity Agreement (Metris Companies Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated herebybearing interest at the LIBO Rate, then, by written notice to the Borrower and to the Administrative Agent, such Lender may:

Appears in 1 contract

Samples: Guaranty Agreement (Asbury Automotive Group Inc)

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Change in Legality. (a) Notwithstanding anything to the contrary herein containedcontained herein, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful unlawful, impossible or impracticable for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated herebyhereby with respect to any LIBOR Loan, then, by written notice to the Borrower and to the Administrative AgentBorrower, such Lender may:

Appears in 1 contract

Samples: Credit Agreement (Whitehall Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change on or after the date hereof in any law or regulation Applicable Law or in the interpretation thereof by any Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated herebyhereby with respect to a LIBOR Loan, then, by written notice to the Borrower and to the Administrative AgentAgent (such notice to contain the circumstances of such unlawfulness), such Lender may:

Appears in 1 contract

Samples: Credit Agreement (Southern Star Central Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority governmental authority charged with the administration or interpretation thereof shall make it unlawful for any the Lender to make or maintain any LIBOR Loan or to give effect to its obligations as contemplated herebyLoan, then, by written notice to the Borrower and to Borrower, the Administrative Agent, such Lender may:

Appears in 1 contract

Samples: Credit Agreement (Bankvest Capital Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any Governmental Authority governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Lender or its LIBOR Lending Office to make or maintain any LIBOR Loan Rate Advance or to Third Amended and Restated Credit Agreement give effect to its obligations as contemplated hereby, then, by prompt written notice to the Borrower and to the Administrative AgentBorrower, such Lender may:

Appears in 1 contract

Samples: First Lien Credit Agreement (Cardtronics LP)

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