Common use of Illegality If Clause in Contracts

Illegality If. it becomes unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan: 6.1.1 that Lender shall promptly notify the Agent of that event; 6.1.2 upon the Agent notifying the Borrower, the Commitment of that Lender (to the extent not already advanced) will be immediately cancelled; and 6.1.3 the Borrower shall repay that Lender’s Commitment (to the extent already advanced) on the last day of the current Interest Period or, if earlier, the date specified by that Lender in the notice delivered to the Agent and notified by the Agent to the Borrower (being no earlier than the last day of any applicable grace period permitted by law) and the remaining Repayment Instalments shall be reduced pro rata.

Illegality If. it becomes unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan: 6.1.1 that Lender shall promptly notify the Agent of that event; 6.1.2 upon the Agent notifying the BorrowerBorrowers, the Commitment of that Lender (to the extent not already advanced) will be immediately cancelled; and 6.1.3 the Borrower Borrowers shall repay that Lender’s Commitment in respect of each Tranche (to the extent already advanced) on the last day of the current Interest Period or, if earlier, the date specified by that Lender in the notice delivered to the Agent and notified by the Agent to the Borrower Borrowers (being no earlier than the last day of any applicable grace period permitted by law) and the remaining Repayment Instalments in respect of that Tranche shall be reduced pro rata.

Illegality If. it becomes unlawful in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan: 6.1.1 that Lender shall promptly notify the Agent of that event; 6.1.2 upon the Agent notifying the Borrower, the Commitment of that Lender (to the extent not already advanced) will be immediately cancelled; and 6.1.3 the Borrower shall repay that Lender’s Commitment Xxxxxx's Contribution within forty five (to the extent already advanced45) on the last day days of the current Interest Period its receipt of notification in accordance with Clause 6.1.2 or, if earlier, the date specified by that Lender Xxxxxx in the notice delivered to the Agent and notified by the Agent to the Borrower (being no earlier than the last day of any applicable grace period permitted by law) and the remaining Repayment Instalments shall be reduced pro rata.

Illegality If. it becomes unlawful in any applicable jurisdiction for a Lender to perform any of fund or maintain its obligations Commitment as contemplated by this Agreement or to fund or maintain the Loan: 6.1.1 that Lender shall promptly notify the Agent of that event; 6.1.2 upon the Agent notifying the Borrower, the Commitment of that Lender (to the extent not already advanced) will be immediately cancelled; and 6.1.3 the Borrower shall repay that Lender’s Commitment (to the extent already advanced) on the last day of the its current Interest Period or, if earlier, the date specified by that Lender in the notice delivered to the Agent and notified by the Agent to the Borrower (being no earlier than the last day of any applicable grace period permitted by law) and the remaining Repayment Instalments shall be reduced pro rata. Prior to the date on which repayment is required to be made under this Clause 6.

Illegality If. it becomes unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loanits Commitment: 6.1.1 that Lender shall promptly notify the Agent of that event; 6.1.2 upon the Agent notifying the BorrowerBorrowers, the such Lender's Commitment of that Lender (to the extent not already advanced) will be immediately cancelled; and 6.1.3 the Borrower Borrowers shall repay that a sum equal to such Lender’s 's Commitment (to the extent already advanced) on the last day of the current Interest Period or, if earlier, the date specified by that Lender in the notice delivered to the Agent and notified by the Agent to the Borrower Borrowers (being no earlier than the last day of any applicable grace period permitted by law) and the remaining Repayment Instalments shall be reduced pro rata.