Common use of Supervening legislation Clause in Contracts

Supervening legislation. Any present or future legislation which operates to lessen or vary in favour of the Borrower any of its obligations in connection with this document or to postpone, stay, suspend or curtail any rights of the Lender under this document is excluded except to the extent that its exclusion is prohibited or rendered ineffective by law.

Appears in 3 contracts

Samples: Commitment Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Commitment Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Commitment Agreement (Melco Crown Entertainment LTD)

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Supervening legislation. Any present or future legislation which operates to lessen or vary in favour of the Borrower Company any of its obligations in connection with this document a Loan Document or to postpone, stay, suspend or curtail any rights of the Lender Financier under this document a Loan Document is excluded except to the extent that its exclusion is prohibited or rendered ineffective by law.

Appears in 1 contract

Samples: Loan Agreement (Argentex Mining Corp)

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