Common use of Invalidity and Unlawfulness Clause in Contracts

Invalidity and Unlawfulness. (i) Any provision of any Senior Finance Document is or becomes invalid or (subject to reservations) unenforceable for any reason or shall be repudiated or the validity or enforceability of any provision of any Senior Finance Document shall at any time be contested by any party thereto (other than a Senior Finance Party). (ii) At any time it is or becomes unlawful for any Obligor to perform any of its obligations under any of the Senior Finance Documents in circumstances or to an extent which the Majority Banks consider to be materially prejudicial to the interests of any Senior Finance Party under the Senior Finance Documents. (iii) At any time any act, condition or thing required to be done, fulfilled or performed in order (A) to enable any Obligor lawfully to enter into, exercise its rights under or perform the obligations expressed to be assumed by it under any of the Senior Finance Documents to which it is party, (B) to ensure that the obligations expressed to be assumed by any Obligor under any Senior Finance Document to which it is party are legal, valid and binding, (C) to make each Senior Finance Document admissible in evidence in the English courts and (D) to create the security constituted by the Security Documents to which any Obligor is party, is not done, fulfilled or performed.

Invalidity and Unlawfulness. (ia) Any provision of any Senior Finance Document (other than a provision of a minor technical or administrative nature) is or becomes invalid or (subject to reservations) unenforceable for any reason or shall be is repudiated or the validity or enforceability of any provision of any Senior Finance Document shall at any time be is contested by any party thereto (other than a Senior the Lender) or any party to any Finance Party)Document (other than the Lender) denies the existence of any liability or obligation on its part under any Finance Document. (iib) At any time it It is or becomes unlawful under any applicable jurisdiction for any Obligor the Borrower to perform any of its obligations (other than of a minor technical or administrative nature) under any of the Senior Finance Documents in circumstances or to an extent which the Majority Banks consider to be materially prejudicial to the interests of any Senior Finance Party under the Senior Finance DocumentsDocument. (iiic) At any time any Any act, condition or thing required to be done, fulfilled or performed in order to: (Ai) enable the Borrower to enable any Obligor lawfully to enter into, exercise its rights under or and perform the obligations expressed to be assumed by it under any of the Senior Finance Documents Document to which it is party, ; (Bii) to ensure that the obligations expressed to be assumed by any Obligor the Borrower under any Senior Finance Document to which it is party are legal, valid and binding, ; (Ciii) to make each Senior Finance Document admissible in evidence in the English courts and (D) to create of the security constituted by the Security Documents jurisdiction to which any Obligor is partythe Borrower has submitted in that Finance Document; and (iv) create and perfect (within the time periods provided by applicable law or the relevant Finance Documents) the Security, is not done, fulfilled or performedperformed in all material respects.

Invalidity and Unlawfulness. (ia) Any provision of any Senior Finance Document is or becomes invalid or (subject to reservationsLegal Reservations) unenforceable for any reason or shall be repudiated or the validity or enforceability of any provision of any Senior Finance Document shall at any time be contested by any party thereto (other than a Senior Finance Party). (iib) At any time it is or becomes unlawful for any Obligor to perform any of its obligations under any of the Senior Finance Documents in circumstances or to an extent which the Majority Banks Lenders consider to be materially prejudicial to the interests of any Senior Finance Party under the Senior Finance Documents. (iiic) At any time any act, condition or thing required to be done, fulfilled or performed in order (A) to enable any Obligor lawfully to enter into, exercise its rights under or perform the obligations expressed to be assumed by it under any of the Senior Finance Documents to which it is party, (B) to ensure that the obligations expressed to be assumed by any Obligor under any Senior Finance Document to which it is party are legal, valid and binding, (C) to make each Senior Finance Document admissible in evidence in the English courts and (D) to create the security constituted by the Security Documents to which any Obligor is party, is not done, fulfilled or performed. (d) No Event of Default under any of paragraphs (a), (b) or (c) above will occur if the relevant default is capable of remedy and is remedied within 20 Business Days of the earlier of the Facility Agent giving notice to the Parent or the relevant Obligor or the Parent or any Obligor becoming aware of the relevant matter.

Invalidity and Unlawfulness. (ia) Any provision of any Senior Finance Document is or becomes invalid or unenforceable (subject subject, in each case, to the reservations) unenforceable for any reason or shall be repudiated or the validity or enforceability of any provision of any Senior Finance Document shall at any time be contested by any party thereto (other than a Senior Finance Party)) in circumstances or to an extent which the Majority Lenders reasonably consider to be materially prejudicial to the interests of any Finance Party under the Finance Documents. (iib) At any time it is or becomes unlawful for any Obligor to perform any of its obligations under any of the Senior Finance Documents in circumstances or to an extent which the Majority Banks Lenders reasonably consider to be materially prejudicial to the interests of any Senior Finance Party under the Senior Finance Documents. (iiic) At any time any act, condition or thing required to be done, fulfilled or performed in order (Ai) to enable any Obligor lawfully to enter into, exercise its rights under or perform the obligations expressed to be assumed by it under any of the Senior Finance Documents to which it is party, (Bii) to ensure that the obligations expressed to be assumed by any Obligor under any Senior Finance Document to which it is party are legal, valid and bindingbinding (subject, in each case, to reservations) (Ciii) to make each Senior Finance Document admissible in evidence in the English or other relevant courts and (Div) (subject to the Agreed Security Principles) to create the security constituted by the Security Documents to which any Obligor is party, is not done, fulfilled or performedperformed within any applicable prescribed time periods and the Majority Lenders reasonably consider such failure is materially prejudicial to the interests of any Finance Party under the Finance Documents.