Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent to exercise any right or power vested to it under the Finance Documents.
Appears in 8 contracts
Sources: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent or Security Agent to exercise any right or power vested to it under the Finance Documents.
Appears in 3 contracts
Sources: China Eca Facility Framework Agreement (Seadrill Partners LLC), Secured Credit Facility Agreement, Secured Credit Facility Agreement (Seadrill Partners LLC)
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Security Agent, the GIEK Facility Agent, the GIEK Agent or the Agent to exercise any right or power vested to it under the Finance Documents.
Appears in 2 contracts
Sources: Common Terms Agreement (Seadrill Partners LLC), Common Terms Agreement (Seadrill Partners LLC)
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent to exercise any material right or power vested to in it under the Finance Documents.
Appears in 1 contract
Sources: Senior Secured Credit Facility Agreement (North Atlantic Drilling Ltd.)
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the other parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent to exercise any right or power vested to it under the Finance Documents.
Appears in 1 contract
Sources: Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)
Unlawfulness and invalidity. It is or becomes unlawful or impossible for any Obligor and/or any of the parties to any of the Security Documents to perform any of their respective obligations under the Finance Documents or for the Agent or any Lender to exercise any right or power vested to it under the Finance Documents.
Appears in 1 contract
Sources: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)