Common use of Refrain from illegality Clause in Contracts

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 20 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

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Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the The Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction which would or might otherwise render it liable to any person, and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 11 contracts

Samples: Agreement (Alliance Data Systems Corp), Agreement (SunOpta Inc.), Agreement (Alliance Data Systems Corp)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Debt Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 7 contracts

Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any applicable jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 4 contracts

Samples: Framework Agreement (Seadrill Partners LLC), Facility Agreement (Quintana Shipping Ltd.), DryShips Inc.

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security and Intercreditor Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security and Intercreditor Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 4 contracts

Samples: Kosmos Energy Ltd., Credit Facility Agreement (Kosmos Energy Ltd.), Charge Over (Kosmos Energy Ltd.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent and Secondary Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 3 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Debt Documents or Intra-Group Debt Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction or otherwise expose it to personal liability, and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 3 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Debt Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction or otherwise expose it to personal liability, and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 2 contracts

Samples: Intercreditor Agreement (Cemex Sab De Cv), Intercreditor Agreement (Cemex Sab De Cv)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the The Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction which would or might otherwise render it liable to any person, and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 2 contracts

Samples: Security Trust (SinoTech Energy LTD), Security Trust (SinoTech Energy LTD)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent and Secondary Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.. 178

Appears in 1 contract

Samples: Senior Facilities Agreement (StarTek, Inc.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be 91 contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 1 contract

Samples: Assignment Agreement (Hamilton Insurance Group, Ltd.)

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Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do ​ 152 anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 1 contract

Samples: And Restatement Agreement (Ardmore Shipping Corp)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Debt Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction or a breach of fiduciary duty or duty of confidentiality and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive directive, duty or regulation.

Appears in 1 contract

Samples: Intercreditor Agreement

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.. 157 ‌ EUROPE/73091764v9

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Guaranteed Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 1 contract

Samples: Restatement Agreement (Hanover Insurance Group, Inc.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Debt Documents, the Security Agent may refrain from doing anything which that in its opinion will would or may be contrary to any relevant law, directive or regulation applicable law of any jurisdiction jurisdiction, and the Security Agent may do anything which that is, in its opinion, necessary to comply with any such applicable law, directive or regulation.

Appears in 1 contract

Samples: Intercreditor Agreement (Home Inns & Hotels Management Inc.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be a breach of fiduciary duty or duty of confidentiality or contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 1 contract

Samples: Agreement (AVG Technologies N.V.)

Refrain from illegality. Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Agent may refrain from doing anything which in its opinion will or may be contrary to any relevant law, directive or regulation of any jurisdiction and the Security Agent may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.. ​ 154

Appears in 1 contract

Samples: Facilities Agreement (Ardmore Shipping Corp)

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