Common use of Changes in Law Rendering Certain Loans Unlawful Clause in Contracts

Changes in Law Rendering Certain Loans Unlawful. In the event that any Regulatory Change should make it (or, in the good faith judgment of a Bank, should raise substantial questions as to whether it is) unlawful for such Bank to make, maintain or fund an Adjusted LIBOR Rate Loan, (i) such Bank will promptly notify each of the other parties hereto; (ii) the obligation of such Bank to make Adjusted LIBOR Rate Loans shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness; and (iii) upon such notice, any outstanding Adjusted LIBOR Rate Loan made by such Bank will automatically convert into a Variable Rate Loan to the extent that it is unlawful for such Bank to maintain such outstanding Adjusted LIBOR Rate Loan.

Changes in Law Rendering Certain Loans Unlawful. In the event that any Regulatory Change should make it (or, in the good faith judgment of a Bank, should raise substantial questions as to whether it is) unlawful for such Bank to make, maintain or fund an Adjusted LIBOR Rate Loan, (i) such Bank will promptly notify each of the other parties hereto; (ii) the obligation of such Bank to make Adjusted LIBOR Rate Loans shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness; and (iii) upon such notice, any outstanding Adjusted LIBOR Rate Loan made by such Bank will automatically convert into a Variable Rate Loan to the extent that it is unlawful for such Bank to maintain such outstanding Adjusted LIBOR Rate Loan.

Changes in Law Rendering Certain Loans Unlawful. In the event that any Regulatory Change should make it (or, in the good faith judgment of a Bankthe Lender, should raise substantial questions as to whether it is) unlawful for such Bank Lender to make, maintain or fund an Adjusted LIBOR Rate Loan, (i) such Bank Lender will promptly notify each of the other parties heretoCompany; (ii) the obligation of such Bank Lender to make Adjusted LIBOR Rate Loans shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness; and (iii) upon such notice, any outstanding Adjusted LIBOR Rate Loan made by such Bank Lender will automatically convert into a Variable Rate Loan to the extent that it is unlawful for such Bank to maintain such outstanding an Adjusted LIBOR Base Rate Loan.

Changes in Law Rendering Certain Loans Unlawful. In the event that any Regulatory Change should make it (or, in the good faith judgment of a Bankthe Lender, should raise substantial questions as to whether it is) unlawful for such Bank Lender to make, maintain or fund an Adjusted LIBOR Rate Ratea SOFR Loan, (i) such Bank Lender will promptly notify each of the other parties heretoCompany; (ii) the obligation of such Bank Lender to make Adjusted LIBOR Rate RateSOFR Loans shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness; and (iii) upon such notice, any outstanding Adjusted LIBOR Rate RateSOFR Loan made by such Bank Lender will automatically convert into a Variable Rate Loan to the extent that it is unlawful for such Bank to maintain such outstanding an Adjusted LIBOR Base Rate Loan.