Common use of Illegality and Sanctions affecting a Lender Clause in Contracts

Illegality and Sanctions affecting a Lender. If it becomes unlawful or contrary to Sanctions in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain its participation in an Advance or the Loan or it becomes unlawful for any Affiliate of a Lender for that Lender to do so: (a) that Xxxxxx shall promptly notify the Facility Agent upon becoming aware of that event; (b) upon the Facility Agent notifying the Borrowers, the Available Commitment of that Lender will be immediately cancelled; (c) the Borrowers shall prepay that Xxxxxx’s participation in the Loan on the last day of the Interest Period for the Loan occurring after the Facility Agent has notified the Borrowers or, if earlier, the date specified by the Lender in the notice delivered to the Facility Agent (being no earlier than the last day of any applicable grace period permitted by law) and that Xxxxxx’s corresponding Commitment shall be cancelled in the amount of the participation prepaid; and (d) accrued interest and all other amounts accrued for that Lender under the Finance Documents shall be immediately due and payable.

Illegality and Sanctions affecting a Lender. If it becomes unlawful or contrary to Sanctions in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain its participation in an Advance or the Loan or it becomes unlawful for any Affiliate of a Lender for that Lender to do so: (a) that Xxxxxx shall promptly notify the Facility Agent upon becoming aware of that event; (b) upon the Facility Agent notifying the Borrowers, the Available Commitment of that Lender will be immediately cancelled;; and (c) the Borrowers shall prepay that Xxxxxx’s participation in the Loan on the last day of the Interest Period for the Loan occurring after the Facility Agent has notified the Borrowers or, if earlier, the date specified by the Lender in the notice delivered to the Facility Agent (being no earlier than the last day of any applicable grace period permitted by law) and that Xxxxxx’s corresponding Commitment shall be cancelled in the amount of the participation prepaid; and (d) accrued interest and all other amounts accrued for that Lender under the Finance Documents shall be immediately due and payable.

Illegality and Sanctions affecting a Lender. If it becomes unlawful or contrary to Sanctions in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain its participation in an Advance or the Loan or it becomes unlawful for any Affiliate of a Lender for that Lender to do so:; or (a) that Xxxxxx shall promptly notify the Facility Agent upon becoming aware of that event; (b) upon the Facility Agent notifying the Borrowers, the Available Commitment of that Lender will be immediately cancelled; (c) the Borrowers shall prepay that Xxxxxx’s 's participation in the Loan on the last day of the Interest Period for the Loan occurring after the Facility Agent has notified the Borrowers or, if earlier, the date specified by the Lender in the notice delivered to the Facility Agent (being no earlier than the last day of any applicable grace period permitted by law) and that Xxxxxx’s 's corresponding Commitment shall be immediately cancelled in the amount of the participation prepaid; and (d) accrued interest and all other amounts accrued for that Lender under the Finance Documents shall be immediately due and payable.