Common use of Impossibility, Illegality Clause in Contracts

Impossibility, Illegality. It becomes impossible or unlawful for any Transaction 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

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 Party Obligor to fulfill any of its covenants or obligations under any Transaction Loan Document or for any Creditor Finance Party to exercise any of the rights vested in it under any Transaction Loan Document; or

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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Impossibility, Illegality. It becomes impossible or unlawful for any Transaction 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

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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