Common use of Availability of Rate Quotations Clause in Contracts

Availability of Rate Quotations. Notwithstanding anything herein to the contrary, if the Agent reasonably determines (which determination shall be conclusive) that quotations of interest rates for the relevant deposits referred to in the definition used to calculate the LIBO Rate are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest on a LIBO Loan as provided in this Agreement, then the Agent shall forthwith give notice thereof to the Banks and the Borrowers, whereupon until the Agent notifies the Banks and the Borrowers that the circumstances giving rise to such suspension no longer exist, (A) the obligation of the Banks to make LIBO Loans shall be suspended; and (B) the Borrowers shall repay in full the then outstanding principal amount of each LIBO Loan, together with accrued interest thereon, on the last day of the then current Interest Period applicable to such LIBO Loan by remitting sufficient funds to the Agent or by conversion to a Base Rate Loan.

Availability of Rate Quotations. Notwithstanding anything herein to the contrary, if the Agent reasonably and in good faith determines (which determination shall be conclusive) that quotations of interest rates for the relevant deposits referred to in the definition used to calculate the LIBO Rate Adjusted LIBOR are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest on a LIBO LIBOR Loan as provided in this Agreement, then the Agent shall forthwith give notice thereof to the Banks and the BorrowersBorrower, whereupon until the Agent notifies the Banks and the Borrowers Borrower that the circumstances giving rise to such suspension no longer exist, (A) the obligation of the Banks Lenders to make LIBO LIBOR Loans in the affected amounts and in the affected maturities shall be suspended; and (B) the Borrowers Borrower shall repay in full the then outstanding principal amount of each LIBO LIBOR Loan, together with accrued interest thereon, on the last day of the then current Interest Period applicable to such LIBO LIBOR Loan by remitting sufficient funds to the Agent or by conversion to a Base Rate Loan.

Availability of Rate Quotations. Notwithstanding anything herein to the contrary, if the Agent reasonably determines (which determination shall be conclusive) that quotations of interest rates for the relevant deposits referred to in the definition used to calculate the LIBO Rate are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest on a LIBO Loan LIBOR Tranche as provided in this Agreement, then the Agent shall forthwith give notice thereof to the Banks Borrowers and the BorrowersLenders, whereupon until the Agent notifies the Banks Borrowers and the Borrowers Lenders that the circumstances giving rise to such suspension no longer exist, (A) the obligation of the Banks Lenders to make LIBO Loans LIBOR Tranches shall be suspended; and (B) the Borrowers shall repay in full the then outstanding principal amount of each LIBO LoanLIBOR Tranche, together with accrued interest thereon, on the last day of the then current Interest Period applicable to such LIBO Loan LIBOR Tranche by remitting sufficient funds to the Agent or by conversion to a Base Rate LoanTranche.

Availability of Rate Quotations. Notwithstanding anything herein to the contrary, if the Agent reasonably determines (which determination shall be conclusive) that quotations of interest rates for the relevant deposits referred to in the definition used to calculate the LIBO Rate are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest on a LIBO Loan as provided in this Agreement, then the Agent shall forthwith give given notice thereof to the Banks and the Borrowers, whereupon until the Agent notifies the Banks and the Borrowers that the circumstances giving rise to such suspension no longer exist, (A) the obligation of the Banks to make LIBO Loans shall be suspended; and (B) the Borrowers shall repay in full the then outstanding principal amount of each LIBO Loan, together with accrued interest thereon, on the last day of the then current Interest Period applicable to such LIBO Loan by remitting sufficient funds to the Agent or by conversion to a Base Rate Loan.