Unlawfulness definition

Unlawfulness means any event or circumstance which either is or, as the case may be, might in the opinion of the Agent become the subject of a notification by the Agent to the Borrowers under clause 12.1;

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Unlawfulness means any event or circumstance which either is or, as the case may be, might in the reasonable opinion of the Bank become the subject of a notification by the Bank to the Borrowers under clause 12.1; and

Examples of Unlawfulness in a sentence

Each of the events set out in CLAUSES 16.2 (Non-Payment) to 16.4 (Unlawfulness) (inclusive) is a Funding 1 Liquidity Facility Default (whether or not caused by any reason whatsoever outside the control of Funding 1 or any other person).
A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 23 (Financial Covenants), Clause 24.9 (Title), Clause 24.10 (Negative pledge), Clause 24.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.22 (Sanctions), Clause 25.2 (Maintenance of obligatory insurances), Clause 25.3 (Terms of obligatory insurances), Clause 25.5 (Renewal of obligatory insurances) or Clause 27 (Security Cover).
Each of the events set out in Clauses 16.2 (Non-Payment) to 16.4 (Unlawfulness) (inclusive) is a Funding 1 Liquidity Facility Default (whether or not caused by any reason whatsoever outside the control of Funding 1 or any other person).
A breach occurs of Clause 4.5 (Waiver of conditions precedent), Clause 20 (Financial Covenants), Clause 21.9 (Title), Clause 21.10 (Negative pledge), Clause 21.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 22.2 (Maintenance of obligatory insurances), Clause 22.3 (Terms of obligatory insurances), Clause 22.5 (Renewal of obligatory insurances) or Clause 25 (Security Cover).
A breach occurs of Clause 4.4 (Waiver of conditions precedent), Clause 22 (Financial Covenants), Clause 23.9 (Title), Clause 23.10 (Negative pledge), Clause 23.20 (Unlawfulness, invalidity and ranking; Security imperilled), Clause 24.2 (Maintenance of obligatory insurances), Clause 24.3 (Terms of obligatory insurances), Clause 24.5 (Renewal of obligatory insurances) or Clause 27 (Security Cover).

More Definitions of Unlawfulness

Unlawfulness means any event or circumstance which either is or, as the case may be, might in the reasonable opinion of the Lender become the subject of a notification by the Lender to the Borrower under clause 12.1; and Words and expressions defined in Schedule 4 shall have the meaning given to them when used in Schedule 3.

Unlawfulness means any event or circumstance which either is or, as the case may be, might in the opinion of the Bank become the subject of a notification by the Bank to the Borrowers under clause 12.1; and

Unlawfulness where CES Capital (HK) in its sole opinion believes there may be a basis for suspicion that Client has engaged or may be engaging in any market malpractice or any other activity which is prohibited by any Laws or Regulatory Rules or applicable terms and conditions of whatsoever nature; or it shall become unlawful for Client to maintain the Account or to perform any of Client’s obligations under this Agreement; or any authorization, consent, approval or license necessary for Client to continue the Account or to perform any of its obligation under this Agreement is withdrawn, restricted, revoked or otherwise ceases to be in full force and effect;

Unlawfulness it becomes impossible or unlawful at any time for any Security Party, to fulfil any of the covenants and obligations expressed to be assumed by it in this Agreement or any of the other Security Documents or for the other Security Trustee to exercise the rights or any of them vested in it under this Agreement or any of the Security Documents or otherwise; or

Unlawfulness it becomes unlawful at any time for any Obligor to perform all or any of its obligations under any Bank Finance Document to which it is a party; or

Unlawfulness it becomes unlawful or impossible: (i) for any Security Party to discharge any liability under a Finance Document or to comply with any other obligation which the Majority Lenders consider material under a Finance Document; (ii) for the Agent, the Security Trustee or the Lenders to exercise or enforce any right under, or to enforce any Security Interest created by, a Finance Document; or

Unlawfulness means any event or circumstance which either is or, as the case may be, might in the reasonable opinion of the Agent become