Causes of illegality. This Clause ý19 applies if the introduction of, or any change in, any applicable law 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”) to maintain or give effect to its obligations under this Agreement.
Appears in 2 contracts
Sources: Credit Facility Agreement, Credit Facility Agreement (Max Capital Group Ltd.)
Causes of illegality. This Clause ý19 19 applies if the introduction of, or any change in, any applicable law 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”) to maintain or give effect to its obligations under this Agreement.
Appears in 2 contracts
Sources: Credit Facility Agreement (ALTERRA CAPITAL HOLDINGS LTD), Credit Facility Agreement (Max Capital Group Ltd.)
Causes of illegality. This Clause ý19 17 applies if the introduction of, or any change in, any applicable law 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 the Bank (the “Affected Bank”) to maintain or give effect to its obligations under this Agreement.
Appears in 1 contract