Common use of CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES Clause in Contracts

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 Eurodollar Basis Determination Inadequate or Unfair. If with respect to any proposed Eurodollar Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 2 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Tritel Finance Inc)

AutoNDA by SimpleDocs

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 Eurodollar Basis Determination Inadequate or UnfairEURODOLLAR BASIS DETERMINATION INADEQUATE OR UNFAIR. If with respect to any proposed Eurodollar Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 2 contracts

Samples: Loan Agreement (Cellnet Data Systems Inc), Loan Agreement (Cellnet Data Systems Inc)

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 12.1 Eurodollar Basis Determination Inadequate or Unfair. If with respect to any proposed Eurodollar Advance for any Interest Eurodollar Advance Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Eurodollar Advance Period, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Spectrasite Holdings Inc)

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 Eurodollar Basis Determination Inadequate or Unfair. If --------------------------------------------------- with respect to any proposed Eurodollar Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 1 contract

Samples: Stock Pledge Agreement (Evergreen Media Corp)

AutoNDA by SimpleDocs

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 Eurodollar Basis Determination Inadequate or Unfair. If with respect to any proposed Eurodollar Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to the Borrower Borrowers and the Lenders, whereupon until the Administrative Agent notifies the Borrower Borrowers that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 1 contract

Samples: Credit Agreement (Voicestream Wireless Corp /De)

CHANGE IN CIRCUMSTANCES AFFECTING EURODOLLAR ADVANCES. Section 10.1 Eurodollar Basis Determination Inadequate or Unfair. If with respect to any proposed Eurodollar Advance for any Interest Period, the Administrative Agent determines after consultation with the Lenders that deposits in dollars Dollars (in the applicable amount) are not being offered to each of the Lenders in the relevant market for such Interest Period, the Administrative Agent shall forthwith give notice thereof to the Borrower and the Lenders, whereupon until the Administrative Agent notifies the Borrower that the circumstances giving rise to such situation no longer exist, the obligations of any affected Lender to make its portion of such type of Eurodollar Advances shall be suspended.

Appears in 1 contract

Samples: Loan Agreement (Western Wireless Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.