Illegality; Impossibility. Notwithstanding anything herein to the contrary, if Bank determines (which determination shall be conclusive absent manifest error) that any law, rule, regulation, treaty or directive, 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 Bank (or its Lending Office) 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 Bank (or its Lending Office) to fund or maintain a LIBOR Lending Rate Portion in the LIBOR market or to continue such funding or maintaining, then Bank shall give notice of such circumstances to Borrowers and (i) in the case of each and every LIBOR Lending Rate Portion which is outstanding, Borrowers shall, if requested by Bank, prepay such LIBOR Lending Rate Portion(s) on or before the date specified in such request, together with interest accrued thereon, and the date so specified shall be deemed to be the last day of the Interest Period of that LIBOR Lending Rate Portion, and concurrent with any such prepayment, Bank shall make a Base Lending Rate Portion to Borrowers in the principal amount equal to the principal amount of the LIBOR Lending Rate Portions so prepaid, and (ii) Bank shall not be obligated to make any further LIBOR Lending Rate Portions until Bank determines that it would no longer be unlawful or impossible to do so.
Illegality; Impossibility. 15 2.8 Disaster.............................................. 16 2.9 Increased Risk-Based Capital Cost..................... 16 2.10
Illegality; Impossibility. In the event that any change in circumstances or any law, regulation, treaty or directive, or any change therein or in the interpretation or application thereof, shall at any time in the reasonable opinion of Agent or Majority Lenders make it unlawful or impractical for Agent or Majority Lenders to fund or maintain a Eurodollar Rate Loan in the Eurodollar market or to continue such funding or maintaining, or to determine or charge interest rates based upon any appropriate Eurodollar Rate, Agent shall give notice of such circumstances to Borrower and (i) in the case of any Eurodollar Rate Loan which is outstanding, Borrower shall, if requested by Agent, prepay such Eurodollar Rate Loan on or before the date specified in such request, together with interest accrued thereon and any amounts due pursuant to Section 2.4, and concurrently with any such prepayment, Lenders shall make a Prime Rate Loan to Borrower in a principal amount equal to the principal amount of the Eurodollar Rate Loan so prepaid, and (ii) Lenders shall not be obligated to make any further Eurodollar Rate Loans to Borrower until Agent or Majority Lenders shall determine that it would no longer be unlawful or impractical to do so. If Agent or Majority Lenders shall give any notice pursuant to this Section 2.5, then Agent or Majority Lenders, if requested by Borrower, will use reasonable efforts to take such steps, that Borrower reasonably requests, including designating different Lending Offices, as would avoid the illegality or impracticality which is the subject of such notice, so long as taking such steps would not, in the judgment of Agent or Majority Lenders, otherwise be disadvantageous to Agent or such Lenders.
Illegality; Impossibility. Without limiting the generality of the Investor’s rights set out elsewhere in this Agreement in connection with the Event of Default set forth in Section 17.19, if in the reasonable opinion of the Investor, at any time there exists a Law which, or an official or reasonable interpretation of which, makes it, or may make it, illegal or impossible in practice for the Investor to undertake any of the Contemplated Transactions or render any of the Contemplated Transactions unenforceable, void or voidable, the Investor may, by giving a notice to the Company, suspend or cancel some or all of its obligations under this Agreement, or terminate this Agreement, as indicated in such notice. Such suspension or cancellation (but not such termination) shall apply only to the extent necessary to avoid such illegality or impossibility.
Illegality; Impossibility. Due to an event or circumstances (including, if so specified in the Special Provisions, an Impossibility Event) in each case occurring after the date on which a Transaction is entered into, it becomes, or is likely to become, unlawful (or, in the case of an Impossibility Event, impossible) for the party to make, or receive, a payment in respect of such Transaction when due or to punctually comply with any other material obligation under the Agreement relating to such megkötésének napját követően (i) bármely intézkedés vagy joghatósággal rendelkező bíróság előtt bírósági eljárás megindítása az adóhatóság részéről (tekintet nélkül arra, hogy ezen intézkedés vagy eljárás valamely szerződő féllel kapcsolatosan került megindításra vagy sem), vagy (ii) bármely jogszabály elfogadása, kihirdetése vagy ratifikációja vagy jogszabályban (illetve annak alkalmazásában vagy hivatalos értelmezésében) bekövetkező változás, vagy valamelyik szerződő félnek az 1(a)(vi) alpont alá nem tartozó Átszervezése eredményeként a szerződő fél az ehhez az Ügylethez kapcsolódó következő esedékességi napon vagy azt megelőzően (A) köteles lenne vagy nagy valószínűséggel köteles lenne (a 3(4) pontban meghatározott kamatfizetésen kívül) fizetendő összegeken felül a 4(1) pont szerint további összegek megfizetésére vagy (B) olyan (a 3(4) pont szerinti kamatfizetésen kívüli) fizetést teljesítenének a részére, amelyből adót vagy illetéket kellene levonni, és a 4(1) pont alapján az ilyen adó vagy illeték vonatkozásában további összeg nem fizetendő (kivéve ha a 4(1)(a)(B) vagy (b) pontokban meghatározott ok miatt nincs fizetési kötelezettség) vagy ennek bekövetkezte nagyon valószínű; (ii)
Illegality; Impossibility. Except with respect to the provisions of Section 4, in the event that the Bank shall have determined in good faith that its performance under this Agreement with respect to any Deposit (a) shall have become unlawful on or prior to the Maturity Date in whole or in part as a result of compliance in good faith by the Bank with any applicable law, rule, regulation, judgment, order or directive of any governmental, administrative, legislative or judicial authority or (b) shall, on or prior to the Maturity Date, have become impossible to perform as a result of any cause occurring or condition commencing after the Transaction Date for such Deposit that is beyond the control of the Bank and that did not result from the gross negligence or willful misconduct of the Bank, then the Bank shall give notice thereof to the Depositor, and the Bank and the Depositor shall promptly negotiate in good faith with a view to finding a satisfactory alternative method of payment or performance to avoid such illegality or impossibility on or prior to the Maturity Date. If at the end of a period of 30 days after the giving of such notice (or such shorter period as may end on the Maturity Date) the Bank and the Depositor have not agreed upon such a satisfactory alternative method, either the Bank or the Depositor may terminate the affected Deposit within 30 days thereafter by designating a Business Day on or prior to the Final Payment Date on which the portion of the Deposit Amount with respect to such Deposit shall be withdrawn in US Dollars to the fullest extent it is legally permissible to do so, with interest at a rate determined by the Bank with reference to amounts received by the Bank with respect to funds which are the subject of this Deposit. In the event it becomes illegal under the laws of the Bahamas or otherwise impossible due to events in the Bahamas beyond the Bank's control for the Bank to pay the Repayment Amount on the Final Payment Date (or such other payment date as is specified in this Section 6), such payment obligations shall be suspended until such date as such payment can be made. Upon termination of such suspension, the Repayment Amount shall be paid with interest at a rate determined by the Bank with reference to amounts received by the Bank with respect to funds which are the subject of this Deposit.
Illegality; Impossibility. 18 2.6 Disaster ...................................................... 19 2.7
Illegality; Impossibility. As a result of the entry into force of any new law or regulation or of any change in law or any other provision of mandatory effect or change in the application or official interpretation thereof or, if so specified in the Special Provisions, as a result of an Impossibility Event, in each case occurring after the date on which a Transaction is entered into, it becomes, or is likely to become, unlawful or impossible for the party (A) to make, or receive, a payment or delivery in respect of such Transaction when due or to punctually comply with any other material obligation under the Agreement relating to such Transaction or (B) to perform any obligation to provide margin or collateral as and when required to be provided by it under the Agreement; “Impossibility Event” means any catastrophe, armed conflict, act of terrorism, riot or any other circumstance beyond the party’s reasonable control affecting the operations of the party;
Illegality; Impossibility. 21 2.6 Disaster . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 2.7
Illegality; Impossibility. 10 1.11 Impracticability ............................................................ 10 1.12 Increased Risk-Based Capital Cost ........................................... 11 1.13 Note ........................................................................ 11
