Common use of Illegality or Impossibility Clause in Contracts

Illegality or Impossibility. 34.1 This clause applies if we determine that: a. a change in a directive; b. a change in the interpretation or administration of a c. a directive, taking effect after the date of this facility agreement, makes it (or will make it) illegal or impossible for us to fund, provide, or continue to fund or provide any facility. In these circumstances, by giving a notice to you, we may suspend or cancel some or all of our obligations under this facility agreement as indicated in the notice. 34.2 The suspension or cancellation: a. must apply only to the extent necessary to avoid the illegality or impossibility; and b. in the case of suspension, may continue only for so long as the illegality or impossibility continues. 34.3 If the illegality or impossibility related to: a. a drawing under a facility, we may require repayment of all or part of the affected drawing and interest accrued on that part, by giving a notice to you; and b. a bank guarantee issued by us under a bank guarantee facility, we may require payment (as a deposit held by us as security for any claim made by a beneficiary) of an amount equal to all or part of the total maximum liability under the affected document less any amount which has already been reimbursed to us by you in respect of that document, by giving a notice to you. You agree to pay the amount specified within 30 business days after receiving the notice (or, if earlier, on the date the illegality or impossibility arises).

Illegality or Impossibility. 34.1 31.1 This clause applies if we determine that: a. (a) a change in a directive; b. (b) a change in the interpretation or administration of aa directive by an authority; or c. (c) a directive, taking effect after the date of this aggregate trade facility agreement, makes it (or will make it) illegal or impossible for us to fund, provide, or continue to fund or provide any the facility or a sub-facility. In these circumstances, by giving a notice to you, we may suspend or cancel some or all of our obligations under this aggregate trade facility agreement as indicated in the notice. 34.2 31.2 The suspension or cancellation: a. (a) must apply only to the extent necessary to avoid the illegality or impossibility; and b. (b) in the case of suspension, may continue only for so long as the illegality or impossibility continues. 34.3 31.3 If the illegality or impossibility related to: a. (a) a drawing under the facility or a sub-facility, we may require repayment of all or part of the affected drawing and interest accrued on that part, by giving a notice to you; and b. (b) a bank guarantee letter of credit issued by us under a bank guarantee the facility, we may require payment (as a deposit held by with us as security for any claim made by a beneficiarybeneficiary) of an amount equal to all or part of the total maximum liability under the affected document less any amount which has already been reimbursed to us by you in respect of that document, by giving a notice to you. You agree to pay the amount specified specified within 30 business days after receiving the notice (or, if earlier, on the date the illegality or impossibility arises).

Illegality or Impossibility. 34.1 This clause applies if we determine that: a. a change in a directive; b. a change in the interpretation or administration of aa directive by an authority; or c. a directive, taking effect after the date of this facility agreement, makes it (or will make it) illegal or impossible for us to fund, provide, or continue to fund or provide any facility. In these circumstancesthesecircumstances, by giving a notice to you, we may suspend or suspendor cancel some or all of our obligations under this facility agreement as indicated in the notice. 34.2 The suspension or cancellation: a. must apply only to the extent necessary to avoid the illegality theillegality or impossibility; and b. in the case of suspension, may continue only for so long solong as the illegality or impossibility continues. 34.3 If the illegality or impossibility related to: a. a drawing under a facility, we may require repayment of repaymentof all or part of the affected drawing and interest accrued on that part, by giving a notice to you; and b. a bank guarantee issued by us under a bank guarantee facilityguaranteefacility, we may require payment (as a deposit held by us xxxx as security for any claim made by a beneficiary) of an amount equal to all or part of the total maximum liability under the affected document less any amount which has already been reimbursed to us by you in respect of that document, by giving a notice to you. You agree to pay the amount specified within 30 business days businessdays after receiving the notice (or, if earlier, on the date the illegality theillegality or impossibility arises).

Illegality or Impossibility. 34.1 This clause applies if we determine that: a. a change in a directive; b. a change in the interpretation or administration of a c. a directive, taking effect after the date of this facility agreement, makes it (or will make it) illegal or impossible for us to fund, provide, or continue to fund or provide any facility. In these circumstances, by giving a notice to you, we may suspend or cancel some or all of our obligations under this facility agreement as indicated in the notice. 34.2 The suspension or cancellation: a. must apply only to the extent necessary to avoid the illegality or impossibility; and b. in the case of suspension, may continue only for so long as the illegality or impossibility continues.. Bank of Queensland Limited ABN 32 000 000 000 AFSL and Australian Credit Licence No. 244616 23 34.3 If the illegality or impossibility related to: a. a drawing under a facility, we may require repayment of all or part of the affected drawing and interest accrued on that part, by giving a notice to you; and b. a bank guarantee issued by us under a bank guarantee facility, we may require payment (as a deposit held by us as security for any claim made by a beneficiary) of an amount equal to all or part of the total maximum liability under the affected document less any amount which has already been reimbursed to us by you in respect of that document, by giving a notice to you. You agree to pay the amount specified within 30 business days after receiving the notice (or, if earlier, on the date the illegality or impossibility arises).

Illegality or Impossibility. 34.1 31.1 This clause applies if we determine that: a. a change in a directive; b. a change in the interpretation or administration of aa directive by an authority; or c. a directive, taking effect after the date of this aggregate trade facility agreement, makes it (or will make it) illegal or impossible for us to fund, provide, or continue to fund or provide any the facility or a sub-facility. In these circumstances, by giving a notice to you, we may suspend or cancel some or all of our obligations under this aggregate trade facility agreement as indicated in the notice. 34.2 31.2 The suspension or cancellation: a. must apply only to the extent necessary to avoid the illegality or impossibility; and b. in the case of suspension, may continue only for so long as the illegality or impossibility continues. 34.3 31.3 If the illegality or impossibility related to: a. a drawing under the facility or a sub-facility, we may require repayment of all or part of the affected drawing and interest accrued on that part, by giving a notice to you; and b. a bank guarantee letter of credit issued by us under a bank guarantee the facility, we may require payment (as a deposit held by us as with usas security for any claim made by a beneficiary) of an amount equal to all or part of the total maximum liability under the affected document less any amount which has already been reimbursed to us by you in respect of that document, by giving a notice to you. You agree to pay the amount specified within 30 business days after receiving the notice (or, if earlier, on the date the illegality or impossibility arises).