Common use of Consequences of Illegality Clause in Contracts

Consequences of Illegality. If at any time it is unlawful, or contrary to any directive or request of any applicable central bank or other fiscal, monetary or other authority, or impossible for a Lender to make, fund or allow to remain outstanding any Loan made or to be made under this Agreement or to assume or remain under any obligations hereunder in relation to or under any Letter of Credit or Guarantee, then the Agent shall, promptly after becoming aware of the same, deliver to Ideal a certificate to that effect and:

Appears in 4 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.