Availability of Types of Loans. If any Lender notifies the Agent that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive, whether or not having the force of law, or if the Required Lenders determine that (a) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (b) the interest rate applicable to Eurodollar Loans does not accurately reflect the cost of making or maintaining Eurodollar Loans, then the Agent shall suspend the availability of Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 4 contracts
Samples: Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Pepco Holdings Inc)
Availability of Types of Loans. If any Lender notifies the Agent determines that maintenance of its Eurodollar Rate Loans at a suitable Lending Installation would violate any applicable law, rule, regulation regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (ai) deposits of a type and maturity appropriate to match fund Eurodollar Rate Loans are not available or (bii) the interest rate applicable to Eurodollar Rate Loans does not accurately reflect the cost of making or maintaining Eurodollar Rate Loans, then the Administrative Agent shall suspend the availability of Eurodollar Rate Loans and require any affected Eurodollar Rate Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.44.4.
Appears in 2 contracts
Samples: Term Loan Credit Agreement (Energizer Holdings Inc), Term Loan Credit Agreement (Energizer Holdings Inc)
Availability of Types of Loans. If any Lender notifies the Agent that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation or directive, whether or not having the force of law, or if the Required Lenders determine that (a) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (b) the interest rate applicable to Eurodollar Loans does not accurately reflect the cost of making or maintaining Eurodollar Loans, then the Agent shall suspend the availability of Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 1 contract
Availability of Types of Loans. If any Lender notifies the Agent determines that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (ai) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (bii) the interest rate applicable to Eurodollar Loans does not accurately reflect the cost of making or maintaining Eurodollar Loans, then the Agent shall suspend the availability of Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 1 contract
Samples: Credit Agreement (Franklin Covey Co)
Availability of Types of Loans. If any the Lender notifies the Agent determines that (a) maintenance of its the Eurodollar Loans (or any portion thereof) at a suitable Lending Installation would violate any applicable law, rule, regulation regulation, or directive, whether or not having the force of law, law or if the Required Lenders determine that (ab)(i) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (bii) the interest rate applicable to Eurodollar Loans does not accurately reflect the cost of making or maintaining Eurodollar Loans, then the Agent Lender shall suspend the availability of Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 1 contract
Samples: Credit Agreement (Magnetek Inc)
Availability of Types of Loans. If any Lender notifies the Agent determines that maintenance of its Eurodollar Loans at a suitable Lending Installation Office would violate any applicable law, rule, regulation regulation, or directive, whether or not having the force of law, or if the Required Lenders with respect to Eurodollar Loans determine that (ai) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (bii) the interest rate applicable to a Eurodollar Loans Loan does not accurately reflect the cost of making or maintaining Eurodollar such Loans, then the Administrative Agent shall suspend the availability of the affected Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate at the end of the Eurodollar Interest Period for the affected Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 1 contract
Availability of Types of Loans. If any the Lender notifies the Agent determines that ------------------------------ maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation regulation, or directive, whether or not having the force of law, or if the Required Lenders determine Lender determines that (ai) deposits of a type and maturity appropriate to match fund Eurodollar Loans are not available or (bii) the interest rate applicable to Eurodollar Loans does not accurately reflect the cost of making or maintaining Eurodollar Loans, then the Agent Lender shall suspend the availability of Eurodollar Loans and require any affected Eurodollar Loans to be repaid or converted to Floating Rate Loans, subject to the payment of any funding indemnification amounts required by Section 3.4.
Appears in 1 contract
Samples: Credit Agreement (Nesco Inc/Ok)