Common use of Availability of Deposits at a Determinable Rate Clause in Contracts

Availability of Deposits at a Determinable Rate. If, after Borrower has elected to borrow or maintain any advance at LIBOR, Lender notifies Borrower that: (1) United States dollar deposits in the amount and for the maturity requested are not available to Lender in the London interbank market; or (2) Reasonable means do not exist for Lender to determine LIBOR for the amount and maturity requested, all as determined by the Lender in its sole discretion, then the principal subject or to be subject to LIBOR shall accrue or shall continue to accrue interest at the Prime Rate.

Availability of Deposits at a Determinable Rate. If, after Borrower has elected to borrow or maintain any advance at LIBOR, Lender notifies Borrower that: (1i) United States dollar deposits in the amount and for the maturity requested are not available to Lender in the London interbank market; or (2ii) Reasonable means do not exist for Lender to determine LIBOR for the amount and maturity requested, all as determined by the Lender in its sole discretion, then the principal subject or to be subject to LIBOR shall accrue or shall continue to accrue interest at the Prime Prime-Based Rate.

Availability of Deposits at a Determinable Rate. If, after the Borrower has elected to borrow or maintain any advance at LIBOR, the Lender notifies the Borrower that: (1i) United States dollar deposits in the amount and for the maturity requested are not available to the Lender in the London interbank market; , or (2ii) Reasonable means do not exist for the Lender to determine LIBOR for the amount and maturity requested, all as determined by the Lender in its sole discretion, then the principal subject or to be subject to LIBOR shall accrue or shall continue to accrue interest at the Prime Rate.

Availability of Deposits at a Determinable Rate. If, If after Borrower has elected to borrow or maintain any advance at LIBOR, Lender notifies Borrower that: (1i) United States dollar deposits in the amount and for the maturity requested are not available to Lender in the London interbank market; , or (2ii) Reasonable means do not exist for Lender to determine LIBOR for the amount and maturity requested, all as determined by the Lender in its sole discretion, then the principal subject or to be subject to LIBOR shall accrue or shall continue to accrue interest at the Prime Prime-Based Rate.