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, either Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Sources: 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, either the Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Sources: 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, either Owner the Guarantor impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Sources: 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, either an Owner impossible, unlawful or unenforceable by the Lender.

Appears in 1 contract

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.)