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
Appears in 3 contracts
Samples: Credit Agreement for Margin Financing (RiverNorth Opportunistic Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Managed Duration Municipal Income Fund, Inc.), Credit Agreement for Margin Financing (RiverNorth Flexible Municipal Income Fund, Inc.)
Illegality Event. Applicable Law is changed or adopted or Pershing changes its interpretation of Applicable Law, which in the opinion Pershing's ’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
Appears in 2 contracts
Samples: Credit Agreement for Margin Financing (Rivernorth Opportunities Fund, Inc.), Credit Agreement (Rivernorth Opportunities Fund, Inc.)
