Common use of Impossibility, Illegality Clause in Contracts

Impossibility, Illegality. it becomes impossible or unlawful for the Borrower or the Guarantor to fulfill any of its covenants or obligations hereunder, under the Note or under any of the Security Documents or for any of the Lenders to exercise any of the rights vested in any of them hereunder, under the Note or under any of the Security Documents; or

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

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Impossibility, Illegality. it becomes impossible or unlawful for any of the Borrower Borrowers or the Guarantor to fulfill any of its covenants or obligations hereunder, under the Note or under any of the Security Documents or for any of the Lenders to exercise any of the rights vested in any of them hereunder, under the Note or under any of the Security Documents; or

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

Impossibility, Illegality. it becomes impossible or unlawful for either of the Borrower Borrowers or the Guarantor to fulfill any of its covenants or obligations hereunder, under the Note or under any of the Security Documents or for any of the Lenders to exercise any of the rights vested in any of them hereunder, under the Note or under any of the Security Documents; or

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

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Impossibility, Illegality. it becomes impossible or unlawful for the Borrower or any of the Guarantor Guarantors to fulfill any of its covenants or obligations hereunder, under the Note or under any of the Security Documents or for any of the Lenders to exercise any of the rights vested in any of them hereunder, under the Note or under any of the Security Documents; or

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

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