Illegality If. it becomes unlawful in any jurisdiction for the Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan: 7.1.1 the Lender shall promptly notify the Borrower of that event; and 7.1.2 the Borrower shall repay any Drawing on the last day of its current Interest Period or, if earlier, the date specified by the Lender in the notice delivered to the Borrower (being no earlier than the last day of any applicable grace period permitted by law).
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Sources: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Illegality If. it becomes unlawful in any jurisdiction for the Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan:
7.1.1 6.1.1 the Lender shall promptly notify the Borrower of that event; and
7.1.2 6.1.2 the Borrower shall repay any Drawing the Loan (to the extent already advanced) on the last day of its the current Interest Period or, if earlier, the date date. specified by the Lender in the notice delivered to the Borrower (being no earlier than the last day of any applicable grace period permitted by law).
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Illegality If. it becomes unlawful in any jurisdiction for the Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan:
7.1.1 6.1.1 the Lender shall promptly notify the Borrower Borrowers of that event; and
7.1.2 6.1.2 the Borrower Borrowers shall repay any Drawing the Loan (to the extent already advanced) on the last day of its the current Interest Period or, if earlier, the date specified by the Lender in the notice delivered to the Borrower Borrowers (being no earlier than the last day of any applicable grace period permitted by law).
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Sources: Loan Agreement (Diana Shipping Inc.)
Illegality If. it becomes unlawful in any jurisdiction for the Lender to perform any of its obligations as contemplated by this Agreement or to fund or maintain the Loan:
7.1.1 6.1.1 the Lender shall promptly notify the Borrower of that event; and
7.1.2 6.1.2 the Borrower shall repay any Drawing the Loan (to the extent already advanced) on the last day of its the current Interest Period or, if earlier, the date specified by the Lender in the notice delivered to the Borrower (being no earlier than the last day of any applicable grace period permitted by law).
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