Common use of Impossibility, Illegality Clause in Contracts

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

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

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Impossibility, Illegality. It becomes impossible or unlawful for any Transaction Obligor Party to fulfill any of its covenants or obligations under any Loan Transaction Document or for any Finance Party Creditor to exercise any of the rights vested in it under any Loan Transaction Document; or

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

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