Unlawfulness, invalidity and ranking; Security imperilled. No Obligor shall do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to:
(a) make it unlawful for any Transaction Obligor to perform any of its obligations under the Transaction Documents;
(b) cause any obligation of any Transaction Obligor under the Transaction Documents to cease to be legal, valid, binding or enforceable if that cessation individually or together with any other cessations materially or adversely affects the interests of the Secured Parties under the Finance Documents;
(c) cause any Transaction Document to cease to be in full force and effect;
(d) cause any Transaction Security to rank after, or lose its priority to, any other Security Interest; and
(e) imperil or jeopardise the Transaction Security.
Unlawfulness, invalidity and ranking; Security imperilled. No Obligor will do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to:
(a) make it unlawful for an Obligor to perform any of its obligations under the Finance Documents;
(b) cause any obligation of an Obligor under the Finance Documents to cease to be legal, valid, binding or enforceable;
(c) cause any Finance Document to cease to be in full force and effect;
(d) cause any Transaction Security to rank after, or lose its priority to, any other Security; and
(e) imperil or jeopardise the Transaction Security.
Unlawfulness, invalidity and ranking; Security imperilled. No Borrower shall, and the Borrowers shall procure that no other Transaction Obligor will, do (or fail to do) or cause another person to do (or omit to do) anything which is likely to:
(a) make it unlawful or contrary to Sanctions for a Transaction Obligor to perform any of its obligations under the Transaction Documents;
(b) cause any obligation of a Transaction Obligor under the Transaction Documents to cease to be legal, valid, binding or enforceable;
(c) cause any Transaction Document to cease to be in full force and effect;
(d) cause any Transaction Security to rank after, or lose its priority to, any other Security; and
(e) imperil or jeopardise the Transaction Security.
Unlawfulness, invalidity and ranking; Security imperilled. The Borrower shall not do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to:
(a) make it unlawful for the Borrower to perform any of its obligations under the Transaction Documents;
(b) cause any obligation of the Borrower under the Transaction Documents to cease to be legal, valid, binding or enforceable;
(c) cause any Transaction Document to cease to be in full force and effect;
(d) cause any Transaction Security to rank after, or lose its priority to, any other Security; and
(e) imperil or jeopardise the Transaction Security.
Unlawfulness, invalidity and ranking; Security imperilled. No Obligor shall, and the Obligors shall procure that no other Transaction Obligor or Approved Manager will, do (or fail to do) or cause or permit another person to do (or omit to do) anything which is likely to:
(a) make it unlawful or contrary to Sanctions for a Transaction Obligor or an Approved Manager to perform any of its obligations under the Transaction Documents to which it is a party in accordance with their terms;
(b) cause any obligation of a Transaction Obligor or an Approved Manager under the Transaction Documents to which it is a party to cease to be legal, valid, binding or enforceable in accordance with their terms;
(c) cause any Transaction Document to which it is a party to cease to be in full force and effect in accordance with its terms;
(d) cause any Transaction Security to rank after, or lose its priority to, any other Security; and
(e) imperil or jeopardise the Transaction Security.
