Common use of Illegality of a Lender Clause in Contracts

Illegality of a Lender. If at any time after a Lender becomes a Party it becomes unlawful in any applicable jurisdiction for such Lender to perform any of its obligations as contemplated by this Agreement respectively or to make, fund, issue or maintain its participation in any Utilisation: (a) that Lender shall promptly notify the Facility Agent upon becoming aware of that event; (b) upon the Facility Agent notifying the Borrower, the Commitments of that Lender shall immediately be reduced to zero and cancelled or, if required by the Borrower, on such date transferred to another bank or institution willing to accept that transfer; and (c) upon the Facility Agent notifying the Borrower, the Borrower shall, on such date as the Facility Agent shall have specified (being no earlier than the last day permitted by law) repay that Lender’s participation in the Utilisations (together with accrued interest on and all other amounts owing to that Lender under the Finance Documents) or, if required by the Borrower, that Lender’s participations shall on such date be transferred at par to another bank or institution willing to accept that transfer (to the extent it is lawful for such Lender to undertake such transfer).

Illegality of a Lender. If If, at any time after a Lender becomes a Party party to this Agreement, it becomes unlawful in any applicable jurisdiction for such Lender to perform any of its obligations as contemplated by this Agreement respectively or to make, fund, issue or maintain its participation in any Utilisation: (a) Loan that Lender shall promptly notify the Bridge Facility Agent upon becoming aware of that event; (b) event and upon the Bridge Facility Agent notifying the Borrower, : (a) the Commitments of that Lender shall immediately be reduced to zero and cancelled or, if required by the Borrower, on such date transferred to another bank or institution willing to accept that transfer; and (cb) upon the Facility Agent notifying the Borrower, the Borrower shall, on such date as the Bridge Facility Agent shall have specified (being no earlier than the last day permitted by law) ), repay that Lender’s Xxxxxx's participation in the Utilisations Loans (together with accrued interest on and all other amounts owing to that Lender under the Bridge Finance Documents) or, if required by the Borrower, that Lender’s Xxxxxx's participations shall on such date be transferred at par to another bank or institution willing to accept that transfer (to the extent it is lawful for such Lender to undertake such transfer).

Illegality of a Lender. If If, at any time after a Lender becomes a Party party to this Agreement, it becomes unlawful in any applicable jurisdiction for such Lender to perform any of its obligations as contemplated by this Agreement respectively or to make, fund, issue or maintain its participation in any Utilisation: (a) Loan that Lender shall promptly notify the Bridge Facility Agent upon becoming aware of that event; (b) event and upon the Bridge Facility Agent notifying the Borrower, : (a) the Commitments of that Lender shall immediately be reduced to zero and cancelled or, if required by the Borrower, on such date transferred to another bank or institution willing to accept that transfer; and (cb) upon the Facility Agent notifying the Borrower, the Borrower shall, on such date as the Bridge Facility Agent shall have specified (being no earlier than the last day permitted by law) ), repay that Lender’s participation in the Utilisations Loans (together with accrued interest on and all other amounts owing to that Lender under the Bridge Finance Documents) or, if required by the Borrower, that Lender’s participations shall on such date be transferred at par to another bank or institution willing to accept that transfer (to the extent it is lawful for such Lender to undertake such transfer).

Illegality of a Lender. If at any time after a Lender becomes a Party it becomes unlawful in any applicable jurisdiction for such Lender to perform any of its obligations as contemplated by this Agreement respectively or to make, fund, issue or maintain its participation in any Utilisation: (a) that Lender shall promptly notify the Facility Agent upon becoming aware of that event; (b) upon the Facility Agent notifying the BorrowerBidco, the Commitments of that Lender shall immediately be reduced to zero and cancelled or, if required by the BorrowerBidco, on such date transferred to another bank or institution willing to accept that transfer; and (c) upon the Facility Agent notifying the BorrowerBidco, the Bidco shall procure that each Borrower shallwill, on such date as the Facility Agent shall have specified (being no earlier than the last day permitted by law) repay that Lender’s participation in the Utilisations utilised by that Borrower (together with accrued interest on and all other amounts owing to that Lender under the Finance Documents) or, if required by the BorrowerBidco, that Lender’s participations shall on such date be transferred at par to another bank or institution willing to accept that transfer (to the extent it is lawful for such Lender to undertake such transfer).