Common use of Refrain from illegality Clause in Contracts

Refrain from illegality. The Security Trustee 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 Trustee may do anything which is, in its opinion, necessary to comply with any law, directive or regulation.

Appears in 15 contracts

Samples: And Restatement Agreement (Validus Holdings LTD), Facilities Agreement (Genesco Inc), Facilities Agreement (Iron Mountain Inc)

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Refrain from illegality. The Security Trustee 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 Trustee may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 6 contracts

Samples: Agreement (Fx Energy Inc), Agreement (Fx Energy Inc), Agreement (Fx Energy Inc)

Refrain from illegality. The Notwithstanding anything to the contrary expressed or implied in the Finance Documents, the Security Trustee 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 Trustee may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 5 contracts

Samples: Credit Agreement (DHT Holdings, Inc.), Credit Agreement (DHT Holdings, Inc.), Loan Agreement (Prestige Cruises International, Inc.)

Refrain from illegality. The Notwithstanding anything to the contrary expressed or implied in the Debt Documents, the Security Trustee 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 Trustee may do anything which is, in its opinion, necessary to comply with any such law, directive or regulation.

Appears in 3 contracts

Samples: Note Purchase Agreement (Luxfer Holdings PLC), Intercreditor Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.)

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

Appears in 1 contract

Samples: Marconi Corp PLC

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