Common use of Change in Laws Clause in Contracts

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for the Banks to maintain or fund its Eurodollar Loans hereunder, then the Banks shall promptly notify Borrower in writing and Borrower shall either repay the outstanding Eurodollar Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any 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 Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for the Banks to maintain or fund its Eurodollar Loans hereunder, then the Banks shall promptly notify Borrower Borrowers in writing and Borrower Borrowers shall either repay the outstanding Eurodollar Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank 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 Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for the Banks Bank to maintain or fund its Eurodollar Loans hereunder, then the Banks Bank shall promptly notify Borrower in writing and Borrower shall either repay the outstanding Eurodollar Loans owed to the BanksBank, without penalty, on the last day of the current Interest Periods (or, if any the 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 Loans.

Change in Laws. If at any time any new law or any change in -------------- existing laws or in the interpretation of any new or existing laws shall make it unlawful for the Banks to maintain or fund its Eurodollar Loans hereunder, then the Banks shall promptly notify Borrower Borrowers in writing and Borrower Borrowers shall either repay the outstanding Eurodollar Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank 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 Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for the Banks Bank to maintain or fund its Eurodollar Loans Loan hereunder, then the Banks Bank shall promptly notify Borrower in writing and Borrower Borrower, at its option, shall either (i) repay the outstanding Eurodollar Loans Loan owed to the BanksBank, without penalty, on the last day of the current Interest Periods (or, if any the Bank may not lawfully continue to maintain and fund such Eurodollar LoansLoan, immediately), or (ii) Borrower may convert such Eurodollar Loans Loan at such appropriate time to Base Rate Loansloans.