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 change in (including the adoption of any new) applicable laws or regulations, or in the interpretation thereof by any judicial, governmental or other regulatory authority charged with the interpretation, implementation or administration thereof, makes it unlawful for any Lender to make, maintain or fund Eurodollar Loans, then (a) such Lender shall promptly notify the Agent and the Agent shall promptly notify each of the other parties hereto, (b) the obligation of Lenders to make the Eurodollar Loans made unlawful for such Lender shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness and (c) if such Lender so requests, the Borrower shall on the last day of the respective Interest Periods then in effect with respect thereto or, if earlier, on the latest date as may be required by the relevant law, regulation or interpretation, repay all then outstanding Eurodollar Loans of each Lender made unlawful for such Lender or convert such Eurodollar Loans to ABR Loans. If circumstances subsequently change so that such affected Lender shall determine that it is no longer so affected, such Lender will promptly notify the Borrower and the Agent, and upon receipt of such notice, the obligations of all Lenders to make or continue Eurodollar Loans shall be reinstated.

Changes in Law Rendering Certain Loans Unlawful. In the event that any change in (including the adoption of any new) applicable laws or regulations, or any change in the interpretation thereof of applicable laws or regulations by any judicial, governmental or other regulatory authority body charged with the interpretation, implementation or administration thereof, makes should make it unlawful for any a Lender or the Lending Office of such Lender ("Affected Lender") to make, maintain or fund Eurodollar LIBOR Rate Loans, then (a) such the Affected Lender shall promptly notify the Agent and the Agent shall promptly notify each of the other parties hereto, (b) the obligation of all Lenders to make the Eurodollar make, continue or convert into LIBOR Rate Loans made unlawful for such Lender shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness unlawfulness, and (c) if such Lender so requests, the Borrower shall on the last day of the respective current Interest Periods then in effect with respect thereto Period for LIBOR Rate Loans (or, in any event, if earlierthe Affected Lender so requests, on the latest such earlier date as may be required by the relevant law, regulation or interpretation), repay all LIBOR Rate Loans shall, unless then outstanding Eurodollar repaid in full, automatically convert to Base Rate Loans of each Lender made unlawful for such Lender or convert such Eurodollar Loans to ABR Loansdenominated in Dollars. If circumstances conditions subsequently change so that such affected Lender shall determine that it is the foregoing conditions no longer so affectedexist, such Lender will promptly notify the Borrower Parent and the Agentother Lenders thereof, and upon the receipt of such notice, the obligations of all Lenders to make make, convert or continue Eurodollar LIBOR Rate Loans shall be reinstated.

Changes in Law Rendering Certain Loans Unlawful. In the event ----------------------------------------------- that any change in (including the -39- adoption of any new) applicable laws or regulations, or any change in the interpretation thereof of applicable laws or regulations by any judicial, governmental or other regulatory authority body charged with the interpretation, implementation or administration thereof, makes should make it unlawful for any a Lender or the Lending Office of such Lender ("Affected Lender") to make, maintain or fund a Type of Eurodollar Loans, then (a) such the Affected Lender shall promptly notify the Agent and the Agent shall promptly notify each of the other parties hereto, (b) the obligation of all Lenders to make or convert into the Type of Eurodollar Loans made unlawful for such the Affected Lender shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness unlawfulness, and (c) if such Lender so requests, the Borrower shall on the last day of the respective current Interest Periods then in effect with respect thereto Period for Eurodollar Loans (or, in any event, if earlierthe Affected Lender so requests, on the latest such earlier date as may be required by the relevant law, regulation or interpretation), repay all then outstanding the Eurodollar Loans of each Lender made unlawful for such Lender or shall, unless then repaid in full, automatically convert such Eurodollar Loans to ABR Base Rate Loans. If circumstances conditions subsequently change so that such affected Lender shall determine that it is the foregoing conditions no longer so affectedexist, such Lender will promptly notify the Borrower and the Agentother Lenders thereof, and upon the receipt of such notice, the obligations of all Lenders to make or continue Eurodollar Loans shall be reinstated.

Changes in Law Rendering Certain Loans Unlawful. In the event event, after the date hereof, that any change in (including the adoption of any new) applicable laws or regulations, or any change in the interpretation thereof of applicable laws or regulations by any judicial, governmental or other regulatory authority body charged with the interpretation, implementation or administration thereof, makes should make it unlawful for any a Lender or the Lending Office of such Lender ("Affected Lender") to make, maintain or fund Eurodollar Loans, then (a) such the Affected Lender shall promptly notify the Agent and the Agent shall promptly notify each of the other parties hereto, (b) the obligation of all Lenders to make the or convert into Eurodollar Loans made unlawful for such Lender shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness unlawfulness, and (c) if such Lender so requests, the Borrower shall on the last day of the respective current Interest Periods then in effect with respect thereto Period for each Eurodollar Loan (or, in any event, if earlierthe Affected Lender so requests, on the latest such earlier date as may be required by the relevant law, regulation or interpretation), repay all then outstanding Eurodollar Loans of each Lender made unlawful for such Lender or convert such Eurodollar Loans Loan shall, unless then repaid in full, automatically convert to ABR Floating Rate Loans. If circumstances conditions subsequently change so that such affected Lender shall determine that it is the foregoing conditions no longer so affectedexist, such Lender will promptly notify the Borrower and the Agentother Lenders thereof, and upon the receipt of such notice, the obligations of all Lenders to make or continue Eurodollar Loans shall be reinstated.

Changes in Law Rendering Certain Loans Unlawful. In the event that any change in (including the adoption of any new) applicable laws or regulations, or any change in the interpretation thereof of applicable laws or regulations by any judicial, governmental or other regulatory authority body charged with the interpretation, implementation or administration thereof, makes should make it unlawful for any Lender the Bank or the Lending Office of the Bank to make, maintain or fund Eurodollar Rate Loans, then (a) such Lender the Bank shall promptly notify the Agent and the Agent shall promptly notify each of the other parties heretoBorrower, (b) the obligation of Lenders the Bank to make the or convert into Eurodollar Rate Loans made unlawful for such Lender the Bank shall, upon the effectiveness of such event, be suspended for the duration of such unlawfulness unlawfulness, and (c) if such Lender so requests, the Borrower shall on the last day of the respective current Interest Periods then in effect with respect thereto Period for Eurodollar Rate Loans (or, in any event, if earlierthe Bank so requests, on the latest such earlier date as may be required by the relevant law, regulation or interpretation), repay all the Eurodollar Rate Loans shall, unless then outstanding Eurodollar Loans of each Lender made unlawful for such Lender or repaid in full, automatically convert such Eurodollar Loans to ABR Prime Rate Loans. If circumstances conditions subsequently change so that such affected Lender shall determine that it is the foregoing conditions no longer so affectedexist, such Lender the Bank will promptly notify the Borrower and the Agentthereof, and upon the receipt of such notice, the obligations of all Lenders the Bank to make or continue Eurodollar Rate Loans shall be reinstated.