Common use of Increased Costs and Illegality Clause in Contracts

Increased Costs and Illegality. If any change in lending office of any Bank or assignment or substitution of or with respect to all or any part of the rights or obligations of a Bank under this Agreement pursuant to clause 29.3, 29.4 or 29.5 is made which results (or would but for this clause result) at the time thereof in amounts becoming payable under clauses 12.2 or 14.l, then the assignee or transferee (or, in the case of a change in lending office, the Bank) shall be entitled to receive such amounts only to the extent that the assignor or transferor would have been so entitled had there been no such assignment, transfer or change in lending office. Nothing in this clause will affect the rights of an assignee or transferee under clauses 12.2 or 14.1 in relation to amounts which may become payable after the time of assignment or transfer. No such assignment or transfer shall be made if the assignee or transferee would be entitled immediately afterwards to give notice under clause 13.

Appears in 2 contracts

Samples: Uih Australia Pacific Inc, Uih Australia Pacific Inc

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Increased Costs and Illegality. If any change in lending office of any Bank or assignment or substitution of or with respect to all or any part of the rights or obligations of a Bank under this Agreement pursuant to clause 29.3, 29.4 28.3 or 29.5 28.4 is made which results (or would but for this clause result) at the time thereof in amounts ------------------- becoming payable under clauses 12.2 or 14.l, then the assignee or transferee (or, in the case of a change in lending office, the Bank) shall be entitled to receive such amounts only to the extent that the assignor or transferor would have been so entitled had there been no such assignment, transfer or change in lending office. Nothing in this clause will affect the rights of an assignee or transferee under clauses 12.2 or 14.1 in relation to amounts which may become payable after the time of assignment or transfer. No such assignment or transfer shall be made if the assignee or transferee would be entitled immediately afterwards to give notice under clause 13.

Appears in 1 contract

Samples: Uih Australia Pacific Inc

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Increased Costs and Illegality. If any change in lending office of any Bank or assignment or substitution of or with respect to all or any part of the rights or obligations of a Bank under this Agreement pursuant to clause 29.3, 29.4 28.3 or 29.5 28.4 is made which results (or would but for this clause result) at the time thereof in amounts becoming payable under clauses 12.2 or 14.l, then the assignee or transferee (or, in the case of a change in lending office, the Bank) shall be entitled to receive such amounts only to the extent that the assignor or transferor would have been so entitled had there been no such assignment, transfer or change in lending office. Nothing in this clause will affect the rights of an assignee or transferee under clauses 12.2 or 14.1 in relation to amounts which may become payable after the time of assignment or transfer. No such assignment or transfer shall be made if the assignee or transferee would be entitled immediately afterwards to give notice under clause 13.

Appears in 1 contract

Samples: Accession Agreement (United International Holdings Inc)

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