Availability of LIBOR Loans. If Bank determines that maintenance of its Loans would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if Bank determines that deposits of a type and maturity appropriate to match fund LIBOR Loans are not available to it then Bank shall forthwith give notice thereof to Borrower, whereupon, until Bank notifies Borrower that the circumstances giving rise to such suspension no longer exist, the obligations of the Bank to make LIBOR Loans shall be suspended.
Appears in 4 contracts
Samples: London Interbank Offered Rate Borrowing Agreement (Whittman Hart Inc), Revolving Line of Credit Note (Corcom Inc), Libor Borrowing Agreement (Wells Gardner Electronics Corp)
Availability of LIBOR Loans. If Bank determines deternunes that maintenance of its Loans would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if Bank determines that deposits of a type and maturity appropriate to match fund LIBOR Loans are not available to it then Bank shall forthwith give notice thereof to Borrower, whereupon, whereupon until Bank notifies Borrower that the circumstances giving rise to such suspension no longer exist, the obligations of the Bank to make LIBOR Loans shall be suspended.
Appears in 1 contract
Samples: Loan Agreement (Corcom Inc)
Availability of LIBOR Loans. If Bank determines that maintenance of its LIBOR Loans would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if Bank determines that deposits of a type and maturity appropriate to match fund LIBOR Loans are not available to it then Bank shall forthwith give notice thereof to Borrower, whereupon, until Bank notifies Borrower that the circumstances giving rise to such suspension no longer exist, the obligations of the Bank to make LIBOR Loans shall be suspended.
Appears in 1 contract
Samples: Credit Agreement (Diamond Management & Technology Consultants, Inc.)
