Mandatory prepayment - illegality. (a) If it becomes, or to the knowledge of any Lender is to become, unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or a Finance Document or to fund or maintain its share in one or more of the Loans (the Event of Illegality), that Lender shall notify the Facility Agent and the Borrower.
Appears in 4 contracts
Samples: Agreement (Seaspan CORP), Agreement (Seaspan CORP), Agreement (Seaspan CORP)
Mandatory prepayment - illegality. (a) If it becomes, or to the knowledge of any Lender is to become, unlawful or otherwise prohibited (whether temporarily or permanently) in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or a Finance Document or to fund or maintain its share in one or more of the Loans (Loans, or to exercise any of its material rights under the Event of Illegality)Finance Documents, that Lender shall notify the Facility Agent and the BorrowerOwner (any such event being a Lender Event).
Appears in 3 contracts
Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)
Mandatory prepayment - illegality. (a) If it becomes, or to the knowledge of any Lender is to become, unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or a Finance Document or to fund or maintain its share in one or more of the Loans (the Event of Illegality), that Lender shall notify the Facility Agent and the BorrowerBorrowers.
Appears in 1 contract
Samples: Agreement (Seaspan CORP)
Mandatory prepayment - illegality. (a) If it becomes, or to the knowledge of any Lender is to become, unlawful in any relevant jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or a Finance Document or to fund or maintain its share in one or more of the Loans (the Event of Illegality), that Lender shall notify the Facility Agent and the Borrower.
Appears in 1 contract
Samples: Agreement (Quintana Maritime LTD)
Mandatory prepayment - illegality. (a) If it becomes, or to the knowledge of any Lender is to become, unlawful in any jurisdiction for a Lender to perform any of its obligations as contemplated by this Agreement or a Finance Document or to fund or maintain its share in one or more both of the Loans (the Event of Illegality), that Lender shall notify the Facility Agent and the BorrowerBorrowers.
Appears in 1 contract
Samples: Agreement (Danaos Corp)
