Common use of Legal Requirement Clause in Contracts

Legal Requirement. If at any time the Borrower, the Agent or any Bank, as the case may be, is required by applicable law to prepay or to cause to be prepaid all or any portion of the Loans, the Borrower shall immediately prepay the Loans in an amount sufficient to satisfy such legal requirement. For purposes of the preceding sentence, “applicable law” and “legal requirement” shall include, without limitation, any legal requirement or restriction imposed by virtue of Regulation U of the Board of Governors of the Federal Reserve System or the 1940 Act.

Appears in 8 contracts

Samples: Credit Agreement (Tortoise Energy Infrastructure Corp), Credit Agreement (Tortoise Midstream Energy Fund, Inc.), Credit Agreement (Tortoise Energy Infrastructure Corp)

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Legal Requirement. If at any time the Borrower, Borrower or the Agent or any Bank, as the case may be, is required by applicable law to prepay or to cause to be prepaid all or any portion of the LoansLoan, the Borrower shall immediately prepay the Loans Loan in an amount sufficient to satisfy such legal requirement. For purposes of the preceding sentence, "applicable law" and "legal requirement" shall include, without limitation, any legal requirement or restriction imposed by virtue of Regulation U of the Board of Governors of the Federal Reserve System or the 1940 ActInvestment Company Act of 1940, as amended, or the rules and regulations promulgated thereunder.

Appears in 2 contracts

Samples: Credit Agreement (Tortoise Energy Capital Corp), Credit Agreement (Tortoise Energy Capital Corp)

Legal Requirement. If at any time the Borrower, the Agent or any Bank, as the case may be, is required by applicable law to prepay or to cause to be prepaid all or any portion of the Loans, the Borrower shall immediately prepay the Loans in an amount sufficient to satisfy such legal requirement. For purposes of the preceding sentence, "applicable law" and "legal requirement" shall include, without limitation, any legal requirement or restriction imposed by virtue of Regulation U of the Board of Governors of the Federal Reserve System or the 1940 Act.

Appears in 1 contract

Samples: Credit Agreement (Tortoise Capital Resources Corp)

Legal Requirement. If at any time the Borrower, Borrower or the Agent or any Bank, as the case may be, is required by applicable law to prepay or to cause to be prepaid all or any portion of the LoansLoan, the Borrower shall immediately prepay the Loans Loan in an amount sufficient to satisfy such legal requirement. For purposes of the preceding sentence, “applicable law” and “legal requirement” shall include, without limitation, any legal requirement or restriction imposed by virtue of Regulation U of the Board of Governors of the Federal Reserve System or the 1940 ActInvestment Company Act of 1940, as amended, or the rules and regulations promulgated thereunder.

Appears in 1 contract

Samples: Credit Agreement (Tortoise Energy Infrastructure Corp)

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Legal Requirement. If at any time the Borrower, Borrower or the Agent or any Bank, as the case may be, is required by applicable law to prepay or to cause to be prepaid all or any portion of the LoansLoan, the Borrower shall immediately prepay the Loans Loan in an amount sufficient to satisfy such legal requirement. For purposes of the preceding sentence, "applicable law" and "legal requirement" shall include, without limitation, any legal requirement or restriction imposed by virtue of Regulation U of the Board of Governors of the Federal Reserve System or the 1940 ActInvestment Company Act of 1940, as amended, or the rules and regulations promulgated thereunder.

Appears in 1 contract

Samples: Credit Agreement (Tortoise North American Energy Corp)

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