Illegality of Participation. If, after the date of this Agreement, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration) (herein the "Relevant Change") makes it unlawful for any Participant to continue to maintain or to fund its Participation:
Illegality of Participation. If IFC has sold a participation in the Loan and after the date of this Agreement, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration) (herein the "Relevant Change") makes it unlawful for the participant acquiring that participation to continue to maintain or to fund that participation:
Illegality of Participation. (a) the Borrower may prepay on any Interest Payment Date all or any part of the Loan, on not less than 30 days’ prior notice to IFC, but only if:
Illegality of Participation. If, after the date of the disbursement of the IFC D Loan, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration) (the “Relevant Change”) makes it unlawful for any Participant to continue to maintain or to fund its Participation:
Illegality of Participation. If IFC has sold a Participation and after the date of this Agreement, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration) (herein the “Relevant Change”) makes it unlawful for the Participant acquiring that Participation to continue to maintain or to fund that Participation: (a) the Borrower shall, upon request by IFC (but subject to any applicable Authorization having been obtained), on the earlier of (x) the next Interest Payment Date and (y) the date that IFC advises the Borrower is the latest day permitted by the Relevant Change, prepay in full that part of the GTLP Facility that IFC advises corresponds to that Participation;
Illegality of Participation. 38 3 -ii- ARTICLE IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
Illegality of Participation. (a) If, after the date of this Agreement, any change is made in any applicable law or regulation or official directive, or its interpretation or application by any Authority charged with its administration makes it unlawful for any Participant to continue to maintain or to fund its Participation, then the Borrower shall, upon request by IFC, prepay on the next Interest Payment Date (or upon such earlier date as IFC may notify the Borrower is the latest day permitted by the relevant change of law, regulation or official directive or relevant interpretation or application, in which case Section 3.12 shall apply) in full that part of the B Loan which IFC advises corresponds to such Participation, together with all accrued interest and Maintenance Amount (if any) on that part of the B Loan. In addition, upon receipt of such request from IFC, the Borrower will have no further right to disbursement of the part of the B Loan corresponding to such Participation.
Illegality of Participation. If, after the date of this Agreement, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration), makes it unlawful for any Participant to continue to maintain or to fund its Participation, then the Company shall, upon request by IFC (but subject to the approval of the Nepal Rastra Bank, which the Company agrees to take all reasonable steps to obtain as quickly as possible, if such approval is then required), prepay immediately in full that part of the B Loan which IFC advises corresponds to that Participation, together with all accrued interest and the Maintenance Amount (if any) on that part of the B Loan (and, if such prepayment is not made on an Interest Payment Date, any amount payable in respect of the prepayment under Section 3.16 hereof). In addition, upon receipt of such request from IFC, the Company shall have no further right to disbursement of the undisbursed portion of the B Loan corresponding to that Participation.
Illegality of Participation. If, after the date of this Agreement, any change made in any applicable law or regulation or official directive (or its interpretation or application by any Authority charged with its administration), makes it unlawful for any Participant to continue to maintain or to fund its Participation, then the Co-Borrowers shall, upon request by IFC (but subject to the approval of the relevant Authority of the Bahamas, Urugxxx, 00 00 Xxxxxxxxx xx any other jurisdiction, which the Co-Borrowers agree to take all reasonable steps to obtain as quickly as possible, if such approval is then required), prepay on the next Interest Payment Date (or upon such earlier date as IFC may advise the Co-Borrowers is the latest day permitted by the relevant change of law, regulation or official directive or relevant interpretation or application) in full that part of the B Loan which IFC advises corresponds to that Participation, together with all accrued interest, Maintenance Amount (if any) on that part of the B Loan (and, if such prepayment is not made on an Interest Payment Date, any amount payable in respect of the prepayment under Section 3.12). In addition, upon receipt of such request from IFC, the Co-Borrowers shall have no further right to disbursement of the undisbursed portion of the B Loan corresponding to that Participation.
Illegality of Participation. 32 Section 3.17. Notes.................................................................. 33 ARTICLE IV.................................................................................. 33 Amended and Restated Loan Agreement REPRESENTATIONS AND WARRANTIES.................................................................. 33
