Impossibility, Illegality. It becomes impossible or unlawful for any of the Security Parties to fulfill any of the covenants and obligations contained herein or in any Transaction Document, or for any of the Lenders to exercise any of the rights vested in any of them hereunder or under the other Transaction Documents and such impossibility or illegality, in the reasonable opinion of such Lender, will have a Material Adverse Effect on any of its rights hereunder or under the other Transaction Documents or on any of its rights to enforce any thereof; or
Impossibility, Illegality it becomes impossible or unlawful for the Borrower to fulfill any of the covenants and obligations contained herein or in the Note or for the Agent or the Lenders to exercise any of the rights vested in them hereunder or under the Note and such impossibility or illegality in the reasonable opinion of the Majority Lenders will give rise to a Material Adverse Change; or
Impossibility, Illegality. It becomes impossible or unlawful for any Transaction Obligor to fulfill any of its covenants or obligations under any Loan Document or for any Finance Party to exercise any of the rights vested in it under any Loan Document; or
Impossibility, Illegality. The Client is prevented from making any payment or delivery or it becomes impossible, impracticable or illegal for the Client to make any payment or delivery. The Client will notify MSI plc immediately of the occurrence of an Event of Default or of an event which with the passing of time, giving of notice, expiry of any applicable grace period or the making of any determination by MSI plc may constitute an Event of Default.
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers to fulfil any of the covenants and obligations contained in this Agreement or in the Notes, or for any of the Lenders to exercise any of the rights vested in any of them under this Agreement or the Notes and such impossibility or illegality, in the reasonable opinion of such Lender, will have a Material Adverse Change on any of its rights under this Agreement or the Notes or on any of its rights to enforce any thereof; or
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers or the Guarantor or either of them to fulfill any of the covenants and obligations contained herein, in the Note or in any of the Security Documents to which it is a party or for the Agent or the Lenders to exercise any of the rights vested in them hereunder, under the Note or under any of the Security Documents and such impossibility or illegality, in the reasonable opinion of the Agent or the Majority Lenders, will have a material adverse effect on their rights hereunder, under the Note or under any of the Security Documents or on their right to enforce any thereof; or
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers to fulfill any of the covenants and obligations contained herein or in the Notes, or (in the event of any illegality which arises solely as a result of the domicile of any Bank and the Borrower fails to obtain a Replacement Bank in accordance with Section 11.8 within thirty (30) days thereof) for any of the Banks to exercise any of the rights vested in any of them hereunder or under the Notes and such impossibility or illegality, in the reasonable opinion of such Bank, will have a material adverse effect on any of its rights hereunder or under the Notes or on any of its rights to enforce any thereof; or
Impossibility, Illegality. It becomes impossible or unlawful for the Borrowers, the Guarantor, Palm Shipping or any of them to fulfill any of the covenants and obligations contained herein, in the Note or in any of the Security Documents to which it is a party or for the Agent, the Security Trustee or the Lenders to exercise any of the rights vested in any of them hereunder, under the Note or under any of the Security Documents and such impossibility or illegality, in the reasonable opinion of the Agent, the Security Trustee or the Majority Lenders, will have a material adverse effect on their rights hereunder, under the Note or under any of the Security Documents or on their right to enforce any thereof; or
Impossibility, Illegality. It becomes impossible or unlawful for any Credit Party to fulfill any of its covenants or obligations under any Transaction Document or for any Creditor to exercise any of the rights vested in it under any Transaction Document; or
Impossibility, Illegality. It becomes impossible or unlawful for the Borrower or any other Security Party to fulfill any of the covenants and obligations contained in this Agreement, the Notes or any of the Security Documents or for the Agent or the Lenders to exercise any of the material rights vested in them under this Agreement, the Notes or the Security Documents; or
