Common use of Availability of LIBOR Advances Clause in Contracts

Availability of LIBOR Advances. If any Lender determines that maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive of a person with regulatory powers over any Lender the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaid; or if the Required Lenders determine that (i) by reasons of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the LIBOR Rate, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 3 contracts

Samples: Unsecured Revolving Credit Agreement (Susa Partnership Lp), Unsecured Revolving Credit Agreement (Susa Partnership Lp), Unsecured Revolving Credit Agreement (Susa Partnership Lp)

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Availability of LIBOR Advances. If any Lender determines that maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaid; or if the Required Lenders determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 SECTION 4.1 are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Duke Weeks Realty Limited Partnership), Revolving Credit Agreement (Duke Weeks Realty Limited Partnership)

Availability of LIBOR Advances. If any Lender reasonably determines that maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaidconverted into Floating Rate Advances; or if the Required Lenders reasonably determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 2 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

Availability of LIBOR Advances. If any Lender reasonably determines that maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent 32 shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaidconverted into CBR Advances; or if the Required Lenders reasonably determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Availability of LIBOR Advances. If any Lender reasonably determines ------------------------------ that maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaidconverted into CBR Advances; or if the Required Lenders reasonably determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 ----------- are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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Availability of LIBOR Advances. If any Lender determines that ------------------------------ maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaid; or if the Required Lenders determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 4.1 are ----------- inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 1 contract

Samples: Credit Agreement (National Golf Properties Inc)

Availability of LIBOR Advances. If any Lender determines that ------------------------------ maintenance of any of its LIBOR Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive directive, whether or not having the force of a person with regulatory powers over any Lender law, the Administrative Agent shall suspend the availability of LIBOR Advances and require any LIBOR Advances to be repaid; or if the Required Lenders determine that (i) by reasons deposits of circumstances affecting the relevant market, adequate and reasonable means do a type or maturity appropriate to match fund LIBOR Advances are not exist for ascertaining the LIBOR Rateavailable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination, or (ii) an interest rate applicable to a LIBOR LIBOR. Advance does not accurately reflect the cost of making a LIBOR Advance, then, if for any reason whatsoever the provisions of Section 3.1 4.1. are inapplicable, the Administrative Agent shall suspend the availability of LIBOR Advances with respect to any LIBOR Advances made after the date of any such determination.

Appears in 1 contract

Samples: Revolving Credit Agreement (National Golf Properties Inc)

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