Unlawfulness and invalidity. (a) It is or becomes unlawful for the Borrower to perform any of its material obligations under this Agreement. (b) Any obligation(s) of the Borrower under this Agreement 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 Lender under this Agreement. (c) This Agreement ceases to be in full force and effect or is alleged by either party to be ineffective.
Appears in 12 contracts
Sources: Working Capital Facility Agreement, 364 Day Revolving Credit Facility Agreement (Shell Midstream Partners, L.P.), Working Capital Facility Agreement (Shell Midstream Partners, L.P.)
Unlawfulness and invalidity. (a) 13.7.1 It is or becomes unlawful for the Borrower to perform any of its material obligations under this Agreement.
(b) 13.7.2 Any obligation(s) obligation or obligations of the Borrower under to this Agreement 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 Lender under this Agreement.
(c) 13.7.3 This Agreement ceases to be in full force and effect or is alleged by either party to be ineffectiveeffect.
Appears in 1 contract
Sources: Facility Agreement
Unlawfulness and invalidity. (a) It is or becomes unlawful for the Borrower to perform any of its material obligations under this Original Agreement.. Revolving Credit Facility Agreement 16
(b) Any obligation(s) of the Borrower under this Original Agreement 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 Lender under this Original Agreement.
(c) This Original Agreement ceases to be in full force and effect or is alleged by either party to be ineffective.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (Shell Midstream Partners, L.P.)