Common use of Change in Laws Clause in Contracts

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender to make or continue to maintain or fund Eurodollar Loans hereunder, then such Lender shall promptly notify Borrower in writing and such Lender’s obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans owed to such Lender, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar Loans, immediately), or Borrower may convert such Eurodollar Loans at such appropriate time to Base Rate Loans.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender to make or continue to maintain or fund a Eurodollar Loans Loan hereunder, then such Lender shall promptly notify Borrower in writing and such Lender’s 's obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans Loan owed to such Lenderthe Lenders, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar LoansLoan, immediately), or Borrower may convert such Eurodollar Loans Loan at such appropriate time to Base Rate LoansLoan.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender to make or continue to maintain or fund Eurodollar Loans hereunder, then such Lender shall promptly notify Borrower Borrowers in writing and such Lender’s 's obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower Borrowers shall either repay the outstanding Eurodollar Loans owed to such Lender, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar Loans, immediately), or Borrower Borrowers may convert such Eurodollar Loans at such appropriate time to Base Floating Rate Loans.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender to make or continue to maintain or fund Eurodollar Loans hereunder, then such Lender shall promptly notify Borrower in writing and such Lender’s 's obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans owed to such Lenderthe Lenders, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar Loans, immediately), or Borrower may convert such Eurodollar Loans at such appropriate time to Base Prime Rate Loans.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender Bank to make or continue to maintain or fund Eurodollar Loans hereunder, then such Lender Bank shall promptly notify Borrower in writing and such LenderBank’s obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender Bank to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans owed to such LenderBank, without penalty, on the last day of the current Interest Periods (or, if any Lender Bank may not lawfully continue to maintain and fund such Eurodollar Loans, immediately), or Borrower may convert such Eurodollar Loans at such appropriate time to Base Rate LoansLoan.

Change in Laws. If at any time hereafter any new law or any change in -------------- existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender Bank to make or continue to maintain or fund Eurodollar Loans Loan hereunder, then such Lender Bank shall promptly notify Borrower in writing and such Lender’s Bank's obligation to make, continue or convert Loans Loan into Eurodollar Loans Loan under this Agreement shall be suspended until it is no longer unlawful for such Lender Bank to make or maintain Eurodollar LoansLoan. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans Loan owed to such Lenderthe Banks, without penalty, on the last day of the current Interest Periods (or, if any Lender Bank may not lawfully continue to maintain and fund such Eurodollar LoansLoan, immediately), or Borrower may convert such Eurodollar Loans Loan at such appropriate time to Base Prime Rate LoansLoan.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender the Lenders to make or continue to maintain or fund Eurodollar Loans hereunder, then such Lender shall promptly notify Borrower in writing and of such Lender’s 's obligation to make, continue or convert Loans into Eurodollar Loans under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar Loans. Upon receipt of such notice, Borrower shall either repay the outstanding Eurodollar Loans owed to such Lenderthe Lenders, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar Loans, immediately), or Borrower may convert such Eurodollar Loans at such appropriate time to Base Rate Loans.

Change in Laws. If at any time hereafter any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Lender to make or continue to maintain or fund Eurodollar Loans Loan hereunder, then such Lender shall promptly notify Borrower Borrowers in writing and such Lender’s 's obligation to make, continue or convert Loans Loan into Eurodollar Loans Loan under this Agreement shall be suspended until it is no longer unlawful for such Lender to make or maintain Eurodollar LoansLoan. Upon receipt of such notice, Borrower Borrowers shall either repay the outstanding Eurodollar Loans Loan owed to such Lenderthe Lenders, without penalty, on the last day of the current Interest Periods (or, if any Lender may not lawfully continue to maintain and fund such Eurodollar LoansLoan, immediately), or Borrower Borrowers may convert such Eurodollar Loans Loan at such appropriate time to Base Rate LoansLoan.