Common use of Unlawfulness and invalidity Clause in Contracts

Unlawfulness and invalidity. (a) it is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents; or (b) any material obligation of an Obligor under any of the Finance Documents is not or ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;

Appears in 8 contracts

Sources: Debenture Deed, Debenture Deed, Debenture Deed

Unlawfulness and invalidity. (a) it It is or becomes unlawful for an Obligor the Borrower to perform any of its material obligations under the Finance Documents; or. (b) any material Any obligation or obligations of an Obligor the Borrower under any of the Finance Documents is Document are not or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders Lender under the Finance Documents;. (c) Any Finance Document ceases to be in full force and effect.

Appears in 4 contracts

Sources: Facility Agreement (OI S.A. - In Judicial Reorganization), Facility Agreement, Facility Agreement

Unlawfulness and invalidity. (a) it It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents; or. (b) Any obligation or obligations of any material obligation of an Obligor under any of the Finance Documents is are not or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders Lenders under the Finance Documents;. (c) Any Finance Document ceases to be in full force and effect.

Appears in 4 contracts

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co), Unsecured Uncommitted Revolving Facilities Agreement (Molson Coors Brewing Co), Revolving Facilities Agreement (Molson Coors Brewing Co)

Unlawfulness and invalidity. (a) it 22.10.1 It is or becomes unlawful for an Obligor the Company to perform any of its material obligations under the Finance Documents; or (b) Documents in any material respect. 22.10.2 Any obligation or obligations of an Obligor the Company under any of the Finance Documents is are not (subject to the Legal Reservations) or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders Lenders under the Finance Documents;.

Appears in 3 contracts

Sources: Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC)

Unlawfulness and invalidity. (ai) it is or becomes unlawful for an Obligor the Issuer or the Guarantor to perform any of its material obligations under the Finance Documents; or (bii) any material obligation of an Obligor the Issuer or the Guarantor under any of the Finance Documents is not or ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;

Appears in 3 contracts

Sources: Debenture Deed, Debenture Deed, Debenture Deed

Unlawfulness and invalidity. (a) it is or It becomes unlawful for an Obligor or Pledgor to perform any of its material obligations under the Finance Documents; or. (b) any material obligation of an Obligor under any of the Any Finance Documents is not or Document ceases to be legal, valid, binding or enforceable valid and legally binding. (c) Any Finance Document is deemed not concluded in accordance with the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the law applicable to such Finance Documents;Document.

Appears in 1 contract

Sources: Amendment Agreement No. 5 to Syndicated Facility Agreement (HeadHunter Group PLC)

Unlawfulness and invalidity. (a) 17.1.8.1 it is or becomes unlawful for an Obligor the Issuer or any Relevant Person to perform any of its material obligations under the Finance Documents; or (b) 17.1.8.2 any material obligation of an Obligor the Issuer or any Relevant Person under any of the Finance Documents is not or ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;

Appears in 1 contract

Sources: Debenture Deed

Unlawfulness and invalidity. (a) it It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents; or. (b) any material Any obligation of an any Obligor under any of the Finance Documents is are not (subject to the Legal Reservations) or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects effects the interests of the Holders Lenders under the Finance Documents;.

Appears in 1 contract

Sources: Multicurrency Facilities Agreement (Pernod Ricard S a /Fi)

Unlawfulness and invalidity. (ai) it is or becomes unlawful for an Obligor the Issuer to perform any of its material obligations under the Finance Documents; or (bii) any material obligation of an Obligor the Issuer under any of the Finance Documents is are not or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;

Appears in 1 contract

Sources: Debenture Deed

Unlawfulness and invalidity. (aA) it It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents; or. (bB) Any obligation or obligations of any material obligation of an Obligor under any of the Finance Documents is are not (subject to the Legal Reservations) or ceases cease to be legal, valid, binding or enforceable and the such cessation (individually or cumulatively cumulatively) is materially and adversely affects prejudicial to the interests of the Holders Lenders under the Finance Documents;.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Endava PLC)

Unlawfulness and invalidity. (ai) it is or becomes unlawful for an Obligor the Issuer to perform any of its material obligations under the Finance Documents; or (bii) any material obligation of an Obligor the Issuer under any of the Finance Documents is are not or ceases cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;

Appears in 1 contract

Sources: Debenture Deed

Unlawfulness and invalidity. (a) it It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents; or. (b) any material obligation of an Obligor under any of the Any Finance Documents is not or Document ceases to be legal, valid, binding in full force and effect or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Holders under the Finance Documents;is alleged by an Obligor to be ineffective.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Enstar Group LTD)