Common use of Unlawfulness and invalidity Clause in Contracts

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawful. (b) Any obligation or obligations of the Company under any Finance Documents are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lender) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security Interest created or expressed to be created or evidenced by the Security Documents ceases to be effective or any subordination created under any Subordination the Intercreditor Agreement is or becomes unlawful. (b) Any obligation or obligations of the Company any Obligor under any Finance Documents are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security Interest over any Security Asset or any subordination created under any Subordination the Intercreditor Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawfuleffective. (b) Any obligation or obligations of the Company any Obligor under any Finance Documents are not (subject to the Legal Reservations) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor or the Company Spanish Pledgor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawfuleffective. (b) Any obligation or obligations of any Obligor or the Company Spanish Pledgor under any Finance Documents are not (subject to the Legal Reservations) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company an Obligor to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawful. (b) Any obligation or obligations of the Company any Obligor under any Finance Documents are not (subject to the Legal Reservations) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company a Loan Party to perform any of its material obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Transaction Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawfuleffective. (b) Any obligation or obligations of the Company any Loan Party under any Finance Documents are not (subject to the Legal Reservations and the Perfection Requirements) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.

Unlawfulness and invalidity. (a) It is or becomes unlawful for the Company an Obligor or a Security Provider to perform any of its obligations under the Finance Documents or any Transaction Security created or expressed to be created or evidenced by the Security Documents or the Borrowing Base Security Documents ceases to be effective or any subordination created under any Subordination Agreement is or becomes unlawfuleffective. (b) Any obligation or obligations of the Company any Obligor or a Security Provider under any Finance Documents Document are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lender Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect or any Transaction Security or any subordination created under any Subordination Agreement the Security Documents or the Borrowing Base Security Documents ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than the Lendera Finance Party) to be ineffective.