Common use of Unlawfulness Clause in Contracts

Unlawfulness. It is or becomes unlawful for any Obligor or Subordinated Creditor to perform any of its payments or other material obligations under the Finance Documents to which it is a party.

Appears in 11 contracts

Samples: Senior Secured Credit Facility (Liberty Global PLC), Facility Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc)

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Unlawfulness. It is or becomes unlawful for any an Obligor or Subordinated Creditor to perform any of its payments or other material obligations under the Finance Documents to which it is a party.

Appears in 10 contracts

Samples: Facility Agreement, Subordinated Facility Agreement (Diana Shipping Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)

Unlawfulness. It is or becomes unlawful for any Obligor or Subordinated Creditor to perform any of its payments payment or other material obligations (as reasonably determined by the Majority Lenders) under the Finance Documents to which it is a party.

Appears in 5 contracts

Samples: Facility Agreement (Las Vegas Sands Corp), Second Amendment and Restatement Agreement (Las Vegas Sands Corp), Third Amendment and Restatement Agreement (Las Vegas Sands Corp)

Unlawfulness. It is or becomes unlawful for any Obligor or Subordinated Creditor to perform any of its payments or other material payment obligations under the Finance Documents to which it is a party.

Appears in 3 contracts

Samples: Facility Agreement, Facility Agreement (Teekay Corp), Facility Agreement (Teekay LNG Partners L.P.)

Unlawfulness. It is or becomes unlawful for the Borrower or any Obligor or Subordinated Creditor other party to a Finance Document to perform any of its payments or other material obligations under the any Finance Documents to which it is a partyDocument.

Appears in 3 contracts

Samples: Single Currency Interim Capital Support Facility Agreement, Single Currency Interim Revolving Working Capital Support Facility Agreement, Single Currency Interim Revenue Support Facility Agreement

Unlawfulness. It is or becomes unlawful for an Obligor, the issuer of any Obligor Bank Guarantee or Subordinated Creditor any other party to a Finance Document (other than a Finance Party) to perform any of its payments or other material obligations under the any Finance Documents to which it is a partyDocument.

Appears in 2 contracts

Samples: Facility Agreement (Hines Global REIT, Inc.), Facility Agreement (Hines Global REIT, Inc.)

Unlawfulness. It is or becomes unlawful for any Obligor or Subordinated Creditor the Borrower to perform any of its payments or other material obligations under the Finance Documents to which it is a party.

Appears in 1 contract

Samples: Loan Agreement

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Unlawfulness. It is or becomes (or the Borrower alleges that it is) unlawful for it or any Obligor or Subordinated Creditor other Party (other than a Finance Party) to a Finance Document to perform any of its payments or other material obligations under the Finance Documents to which it is a partyDocuments.

Appears in 1 contract

Samples: Senior Term Facility Agreement (SemGroup Corp)

Unlawfulness. It is or becomes unlawful for an Obligor, the Parent or any Obligor or Subordinated Creditor other party to a Finance Document (other than the Lender) to perform any of its payments or other material obligations under the any Finance Documents to which it is a partyDocument.

Appears in 1 contract

Samples: Facility Agreement (Net 1 Ueps Technologies Inc)

Unlawfulness. It is or becomes unlawful for any Obligor or Subordinated Creditor person other than a Finance Party to perform any of its payments or other material obligations under the Finance Documents to which it is a partyTransaction Documents.

Appears in 1 contract

Samples: Dual Currency Term Facility Agreement (Xstrata PLC)

Unlawfulness. It is or becomes unlawful for any Obligor the Borrower or Subordinated Creditor the Sponsor to perform any of its payments or other material obligations under the Finance Documents to which it is a party.

Appears in 1 contract

Samples: Facility Agreement (Madeleine Charging B.V.)

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