Illegality Voluntary Prepayment and Cancellation. 11.1Illegality If, after the date of this Agreement (or, if later, the date the relevant Lender became a Party), it becomes unlawful in any applicable jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or to fund, issue or maintain its participation in any Utilisation or it becomes after the date of this Agreement (or, if later, the date the relevant Lender became a Party) unlawful for any Affiliate of a Lender for that Lender to do so:
Illegality Voluntary Prepayment and Cancellation. 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, issue or maintain its participation in any Loan: that Lender shall promptly notify the Agent upon becoming aware of that event; upon the Agent notifying the Parent, the Commitment of that Lender will be immediately cancelled; and each Borrower shall repay that Lender’s participation in the Loans made to that Borrower on the last day of the Interest Period for each Loan occurring after the Agent has notified the Parent or, if earlier, the date specified by the Lender in the notice delivered to the Agents (being no earlier than the last day of any applicable grace period permitted by law). Illegality in relation to Issuing Bank If it becomes unlawful for an Issuing Bank to issue or leave outstanding any Letter of Credit, then: that Issuing Bank shall promptly notify the Priority Agent upon becoming aware of that event; upon the Priority Agent notifying the Parent, the Issuing Bank shall not be obliged to issue any Letter of Credit; the Parent shall procure that the relevant Revolving Borrower shall use its best endeavours to procure the release of each Letter of Credit issued by that Issuing Bank and outstanding at such time; and unless any other Lender has agreed to be an Issuing Bank pursuant to the terms of this Agreement, the Revolving Facility shall cease to be available for the issue of Letters of Credit. Voluntary cancellation The Parent may, if it gives the Agents not less than five Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of EUR 1,000,000 and an integral multiple of EUR 500,000 of an Available Facility. Any cancellation under this Clause 11.3 shall reduce the Commitments of the Lenders rateably under that Facility. Any notice of cancellation of the Revolving Facility Available Commitments delivered at any time while Term Facility Loans remain outstanding and/or Term Facility Commitments remain uncancelled must be accompanied by evidence, in form and substance satisfactory to the Majority Lenders (acting reasonably), that the BST Group will have sufficient working capital facilities available to it following such cancellation. Voluntary prepayment of Term Loans Subject to paragraph (c) below, the Original Borrower may, if it gives the Agents not less than five Business Days’ (or such shorter perio...
Illegality Voluntary Prepayment and Cancellation. 61 63529049_1
Illegality Voluntary Prepayment and Cancellation. (a) The provisions of clauses 8 (Illegality, early prepayment and cancellation) and 9 (Mandatory early payment) of the Common Terms Agreement shall apply in respect of prepayments and cancellations of the Facilities under this Agreement.
Illegality Voluntary Prepayment and Cancellation. 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, issue or maintain its participation in any Utilisation or it becomes unlawful for any Affiliate of a Lender for that Lender to do so:
Illegality Voluntary Prepayment and Cancellation
