Illegality Notice definition

Illegality Notice has the meaning specified in Section 3.02.
Illegality Notice as defined in Section 2.19.
Illegality Notice has the meaning specified therefor in Section 2.11(b).

Examples of Illegality Notice in a sentence

  • Upon receipt of an Illegality Notice, Borrower shall, if necessary to avoid such illegality, upon demand from any Lender (with a copy to Administrative Agent), prepay all Loans on the last day of the Interest Period therefor, if all affected Lenders may lawfully continue to maintain such Loans to such day, or immediately, if any Lender may not lawfully continue to maintain such Loans to such day.


More Definitions of Illegality Notice

Illegality Notice has the meaning specified therefor in Section 5.2(a).
Illegality Notice shall have the meaning assigned to such term in Section 2.19 (Illegality).
Illegality Notice shall have the meaning set forth in Section 2.15.
Illegality Notice has the meaning assigned to such term in Section 4.8(b).
Illegality Notice has the meaning specified in Section 2.23.
Illegality Notice means as defined in Section 2.15.
Illegality Notice shall have the meaning given to such term in Section 3.11(a). “Indebtedness” shall mean, for any Person, without duplication: (a) all indebtedness of such Person for borrowed money, for amounts drawn under a letter of credit, or for the deferred purchase price of Property for which such Person or its Assets is liable, (b) all unfunded amounts under a loan agreement, letter of credit, surety bond or other similar instrument (unless secured in full by cash), or other credit facility for which such Person would be liable if such amounts were advanced thereunder, (c) all amounts required to be paid by such Person as a guaranteed payment to partners or a preferred or special dividend, including any mandatory redemption of shares or interests and any other payment required to be made in respect of any equity interests in any Person or rights or options to acquire any equity interests in any Person, but excluding any distributions required to be made (i) in respect of the outstanding class A membership interests issued by the Tax Equity Opco or (ii) to a Borrower or any Subsidiary in respect of the outstanding Opco Membership Interests or Holdco Membership Interests, (d) all obligations (including all amounts to be capitalized) under leases that constitute capital leases for which such Person is liable, (e) all obligations of such Person under interest rate swaps, caps, floors, collars and other interest hedge agreements, in each case whether such Person is liable contingently or otherwise, as borrower, guarantor or otherwise, or in respect of which obligations such Person otherwise assures a creditor against loss, (f) all obligations of such Person under conditional sale or other title retention agreements relating to Property or Assets acquired by such Person (even though the rights of the seller or lender thereunder may be limited in recourse), and (g) all guarantees of such Person in respect of any of the foregoing. The Indebtedness of a Person shall include the Indebtedness of any partnership in which such Person is a general partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits the liability of such Person in respect thereof.