Common use of Impossibility or illegality Clause in Contracts

Impossibility or illegality. Any event occurs which would, or would with the passage of time, render performance of a Finance Document by the Borrower or, as the case may be, the Guarantor impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Impossibility or illegality. Any event occurs which would, or would with the passage of time, render performance of a Finance Document by the Borrower or, as the case may be, the Guarantor an Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

Impossibility or illegality. Any event occurs which would, or would with the passage of time, render performance of a Finance Document by the Borrower or, as the case may be, the Guarantor either Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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Impossibility or illegality. Any event occurs which would, or would with the passage of time, render performance of a Finance Document by the Borrower or, as the case may be, the Guarantor Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.)

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