Illegality Event unless specified as not applicable, an Illegality Event, the Issuer will give a Notice of Redemption and will redeem the Notes at their Mandatory Redemption Amount on the Mandatory Redemption Date;
Illegality Event. (a) Upon becoming aware of an Illegality Event:
Illegality Event. If any Revolving Lender shall determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be conclusive and binding on the Borrower absent manifest error) that any Change In Law makes it unlawful, or any Governmental Authority having jurisdiction over such Revolving Lender asserts that it is unlawful, for such Revolving Lender to fund its Revolving Loans (or any portion thereof) as funded hereunder (any such event being hereinafter referred to as an “Illegality Event”), then:
Illegality Event. 21 SECTION 7.02
Illegality Event. If any Regulatory Change shall, in the reasonable opinion of any Lender, make it unlawful for such Lender to fund or maintain its funding with respect to any of the Term Loans or to give effect to all or any part of its rights or obligations under the Loan Documents (each such event being hereinafter referred to as an "Illegality Event"), such Lender shall promptly notify the Borrower and the Agent in writing of the event by reason of which it is claiming that an Illegality Event has occurred.
Illegality Event. Applicable Law is changed or adopted or Pershing changes its interpretation of Applicable Law, which in the opinion Pershing’s counsel has the effect of impeding or prohibiting the arrangements under this Agreement (including adverse effects on the regulatory capital requirements for Pershing or any of its affiliates); or
Illegality Event. If the Project Company terminates this Agreement pursuant to Clause 9.5 (Termination for an Illegality Event), then the Project Company shall have the option but not the obligation to require the Government or the Government’s designee to purchase the Project Property from the Project Company under Clause 10.6 (
Illegality Event. Following delivery of a written notice from the Lender to the Borrower of the occurrence of an Illegality Event, the Borrower shall prepay the Aggregate Principal Amount of the Loan (together with accrued interest thereon) as soon as commercially practicable, and in any event no later than 120 calendar days after such notice. The date of prepayment shall be the Termination Date, and, once payment of any amounts due under the Finance Documents and the Loan has been made, this Agreement shall terminate as of the Termination Date.
Illegality Event. 26 5.3.4 NON-EIB FINANCING................................................................................................................. 26 5.3.5 MANDATORY PREPAYMENT IN CASE OF RESOLUTION ON DIVIDENDS ............................................. 27 5.3.6 PREPAYMENT FEE .................................................................................................................... 27 5.3.7 PREPAYMENT MECHANICS ......................................................................................................... 27
Illegality Event. (a) Upon becoming aware of an Illegality Event: (i) the Bank shall promptly notify the Borrower, and (ii) the Bank may immediately (A) suspend or cancel the undisbursed portion of the Credit, and/or (B) demand prepayment of the Loan Outstanding, together with accrued interest and all other amounts accrued and outstanding under this Contract on the date indicated by the Bank in its notice to the Borrower. (b) For the purposes of this Article, "Illegality Event" means that it becomes unlawful in any applicable jurisdiction, or if it becomes contrary to any Sanctions, for the Bank to: (i) perform any of its obligations as contemplated in this Contract; or (ii) fund or maintain the Loan. 5.3.4
