Causes of illegality. This Clause 20 applies if the introduction of, or any change in, any applicable Law, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) to maintain or give effect to its obligations under this Agreement or makes it unlawful for any Affiliate of a Bank for that Bank to do so.
Appears in 2 contracts
Sources: Credit Facility Agreement (Amtrust Financial Services, Inc.), Facility Agreement (Amtrust Financial Services, Inc.)
Causes of illegality. This Clause 20 24 applies if the introduction of, or any change in, any applicable Lawlaw or regulation, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) Lender to maintain or give effect to its obligations under this Agreement or makes it unlawful for any Affiliate of a Bank for that Bank to do soAgreement.
Appears in 2 contracts
Sources: Loan Agreement (Iii to I Maritime Partners Cayman I Lp), Loan Agreement (Iii to I Maritime Partners Cayman I Lp)
Causes of illegality. This Clause 20 20 applies if the introduction of, or any change in, any applicable Lawlaw or regulation, or in the interpretation thereof by any authority charged with the administration thereof or by any court of competent jurisdiction, makes it unlawful for a Bank (the “Affected Bank”) Lender to maintain or give effect to its obligations under this Agreement or makes it unlawful for any Affiliate of a Bank for that Bank to do soAgreement.
Appears in 1 contract
Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)