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. (b) Any obligation or obligations of any Obligor under any Finance Documents are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 6 contracts

Sources: Senior Facility Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC), Loan Agreement (International Game Technology PLC)

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance Documents. (b) Any obligation or obligations of any Obligor under any Finance Documents are not (subject to the Legal Reservations) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 2 contracts

Sources: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)

Unlawfulness and invalidity. (ai) It is or becomes unlawful for an Obligor the Borrower to perform any of its payment or other material obligations under the Finance Documents. (bii) Any obligation or obligations of any Obligor the Borrower under any Finance Documents Document are not or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Documents. (ciii) Any Finance Document ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 2 contracts

Sources: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor a Borrower to perform any of its material obligations under the Finance Documents. (b) Any obligation or obligations of any Obligor a Borrower under any Finance Documents are not (subject to the Legal Reservations) or cease ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders Finance Parties under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect in any material respect or ceases to be legal, valid, valid and binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 1 contract

Sources: Facilities Agreement

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance DocumentsTransaction Documents to which it is a party. (b) Any Transaction Document, or any obligation or obligations of any Obligor under any Finance Documents are Transaction Document, is not or cease ceases to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Transaction Documents. (c) Any Finance Transaction Document or any Transaction Security ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffectiveineffective for any reason.

Appears in 1 contract

Sources: Facility Agreement (Opto Circuits (India) LTD)

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor the Borrower to perform any of its material obligations under the Finance Documents. (b) Any obligation or obligations of any Obligor the Borrower under any Finance Documents are not or cease to be legal, valid, binding or enforceable (subject to the Legal Reservations) and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 1 contract

Sources: Facilities Agreement (WEIBO Corp)

Unlawfulness and invalidity. (a) It is or becomes unlawful for an Obligor to perform any of its material obligations under the Finance DocumentsDocuments . (b) Any obligation or obligations of any Obligor under any Finance Documents are not (subject to the Legal Reservations) or cease to be legal, valid, binding or enforceable and the cessation individually or cumulatively materially and adversely affects the interests of the Lenders under the Finance Documents. (c) Any Finance Document ceases to be in full force and effect in any material respect ceases to be legal, valid, binding, enforceable or effective or is alleged by a party to it (other than a Finance Party) to be ineffective.

Appears in 1 contract

Sources: Senior Facilities Agreement (Luxfer Holdings PLC)