Illegality Clause. If providing any cover or benefit under this policy would expose Us to any prohibition, or restriction under the laws or regulations of the Special Administrative Region of Hong Kong, this policy and its benefits shall be considered void, as if cover was never granted.
Illegality Clause. Under no circumstances shall this policy be deemed to provide cover and no liability be incurred to pay or provide any benefit hereunder to the extent that the provision of such Cover, payment of such claim or provision of such benefit would cause us to be in breach of, or expose us to any prohibition, or restriction under the laws or regulations of Singapore.
Illegality Clause. (a) Without limiting the foregoing, if any Lender determines, acting reasonably, that any Applicable Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable lending office to make or maintain any Loan (or to maintain its obligation to make any Loan), or to participate in, issue or maintain any Letter of Credit (or to maintain its obligation to participate in or to issue any Letter of Credit) to any particular Borrower (the “Affected Borrower”), then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, any obligation of such Lender with respect to the activity that is unlawful shall be suspended until such Lender notifies the Administrative Agent and the Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, each Affected Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if conversion would avoid the activity that is unlawful, convert any Loans, or take any necessary steps with respect to any Letter of Credit in order to avoid the activity that is unlawful. Upon any such prepayment or conversion, the Affected Borrower shall also pay accrued interest on the amount so prepaid or converted. Each Lender agrees to designate a different lending office if such designation will avoid the need for such notice and will not, in the good faith judgment of such Lender and acting reasonably, otherwise be materially disadvantageous to such Lender.
Illegality Clause. Notwithstanding any other provision of this Agreement, if Secured Party determines that any applicable law, rule or regulation, or any change therein, or any change in the interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by Secured Party with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency shall make it unlawful or impossible for Secured Party to (1) maintain its commitment to make LIBOR Loans, then upon notice to Debtor by Secured Party, the commitment of Secured Party to make LIBOR Loans shall terminate; or (2) maintain or fund its LIBOR Loans, then upon notice to Debtor by Secured Party, the outstanding principal amount of LIBOR Loans, together with interest accrued thereon, and any other amounts payable to Secured Party under this Agreement shall be repaid (a) immediately upon demand by Secured Party if such change or compliance with such request, in the judgment of Secured Party, requires immediate repayment; or (b) at the expiration of the last Interest Period to expire before the effective date that such change or request.
