Common use of Changes in Law Rendering Eurodollar Lending Unlawful Clause in Contracts

Changes in Law Rendering Eurodollar Lending Unlawful. In the event that any change in (including the adoption of any new) applicable Laws or regulations, or in the interpretation or application thereof by any governmental or other regulatory authority charged with the administration thereof, should make it unlawful for any Lender to make, continue or maintain any Loan as, or to convert any Loan to, a Eurodollar Loan, the Commitment of such Lender to make, continue and maintain any Loan as, and to convert any Loan to, a Eurodollar Loan shall, upon the happening of such event, forthwith terminate and such Lender shall, by written notice to the Borrower, declare that such Commitment has so terminated; and if any such change or adoption shall make it unlawful for such Lender to maintain any Eurodollar Loan made by it hereunder, such Lender shall, upon the happening of such event, notify the Borrower thereof in writing stating the reasons therefor, and the Borrower shall, at the maturity thereof (or such earlier date as may be required by the relevant law, regulation, interpretation or application), repay such Eurodollar Loan with respect to such Lender in full. Upon the happening of any such event, such Eurodollar Loan shall automatically convert to a Domestic Loan at the end of the current Eurodollar Interest Period with respect thereto (or such earlier date as may be required by the relevant law, regulation, interpretation or application) provided that if circumstances subsequently change so that such Lender shall not continue to be so affected, such Lender shall by notice to the Borrower reinstate its obligations to make, convert, maintain or continue Loans as, or into, Eurodollar Loans.

Changes in Law Rendering Eurodollar Lending Unlawful. In the event that If any change ---------------------------------------------------- in (including the adoption of any new) applicable Laws laws or regulations, or any change in the interpretation of applicable laws or application thereof regulations by any governmental or other regulatory authority body charged with the administration thereof, should make it (or in the good faith judgment of any Lender cause a substantial question as to whether it is) unlawful for any Lender to make, continue maintain or fund any Eurodollar Tranche, then such Lender shall promptly notify the Company and the Agent and, so long as such circumstances shall continue, (a) such Lender shall have no obligation to make or convert into Eurodollar Tranches (but shall make or maintain any Loan asBase Rate Tranches concurrently with the making of or conversion into Eurodollar Tranches by the Lenders which are not so affected, in each case in an amount equal to such Lender's pro rata share of all Eurodollar Tranches which would be made or to convert any Loan to, a converted into at such time in the absence of such circumstances) and (b) on the last day of the current Interest Period for each Eurodollar Loan, the Commitment Tranche of such Lender to make(or, continue and maintain in any Loan as, and to convert any Loan to, a Eurodollar Loan shall, upon the happening of such event, forthwith terminate and such Lender shall, by written notice to the Borrower, declare that such Commitment has so terminated; and if any such change or adoption shall make it unlawful for such Lender to maintain any Eurodollar Loan made by it hereunder, such Lender shall, upon the happening of such event, notify the Borrower thereof in writing stating the reasons therefor, and the Borrower shall, at the maturity thereof (or on such earlier date as may be required by the relevant law, regulation, interpretation regulation or applicationinterpretation), repay such Eurodollar Loan with respect to such Lender in full. Upon the happening of any such event, such Eurodollar Loan shall Tranche shall, unless then repaid in full, automatically convert to a Domestic Loan at Base Rate Tranche. Each Base Rate Tranche maintained by a Lender which, but for the end circumstances described in the foregoing sentence, would be a Eurodollar Tranche (an "Affected Tranche") shall remain outstanding for the same period as ---------------- the Group of the current Eurodollar Interest Period with respect thereto (or Tranches of which such earlier date as may Affected Tranche would be required by the relevant law, regulation, interpretation or application) provided that if circumstances subsequently change so that a part absent such Lender shall not continue to be so affected, such Lender shall by notice to the Borrower reinstate its obligations to make, convert, maintain or continue Loans as, or into, Eurodollar Loanscircumstances.

Changes in Law Rendering Eurodollar Lending Unlawful. In the event that If any change in ---------------------------------------------------- (including the adoption of any new) applicable Laws laws or regulations, or any change in the interpretation of applicable laws or application thereof regulations by any governmental or other regulatory authority body charged with the administration thereof, should make it (or in the good faith judgment of any Lender cause a substantial question as to whether it is) unlawful for any Lender to make, continue maintain or fund any Eurodollar Tranche, then such Lender shall promptly notify the Company and the Agent and, so long as such circumstances shall continue, (a) such Lender shall have no obligation to make or convert into Eurodollar Tranches (but shall make or maintain any Loan asBase Rate Tranches concurrently with the making of or conversion into Eurodollar Tranches by the Lenders which are not so affected, in each case in an amount equal to such Lender's pro rata share of all Eurodollar Tranches which would be made or to convert any Loan to, a converted into at such time in the absence of such circumstances) and (b) on the last day of the current Interest Period for each Eurodollar Loan, the Commitment Tranche of such Lender to make(or, continue and maintain in any Loan as, and to convert any Loan to, a Eurodollar Loan shall, upon the happening of such event, forthwith terminate and such Lender shall, by written notice to the Borrower, declare that such Commitment has so terminated; and if any such change or adoption shall make it unlawful for such Lender to maintain any Eurodollar Loan made by it hereunder, such Lender shall, upon the happening of such event, notify the Borrower thereof in writing stating the reasons therefor, and the Borrower shall, at the maturity thereof (or on such earlier date as may be required by the relevant law, regulation, interpretation regulation or applicationinterpretation), repay such Eurodollar Loan with respect to such Lender in full. Upon the happening of any such event, such Eurodollar Loan shall Tranche shall, unless then repaid in full, automatically convert to a Domestic Loan at Base Rate Tranche. Each Base Rate Tranche maintained by a Lender which, but for the end circumstances described in the foregoing sentence, would be a Eurodollar Tranche (an "Affected Tranche") shall remain outstanding for the same period as the ---------------- Group of the current Eurodollar Interest Period with respect thereto (or Tranches of which such earlier date as may Affected Tranche would be required by the relevant law, regulation, interpretation or application) provided that if circumstances subsequently change so that a part absent such Lender shall not continue to be so affected, such Lender shall by notice to the Borrower reinstate its obligations to make, convert, maintain or continue Loans as, or into, Eurodollar Loanscircumstances.

Changes in Law Rendering Eurodollar Lending Unlawful. In the event that If any change in ---------------------------------------------------- (including the adoption of any new) applicable Laws laws or regulations, or any change in the interpretation of applicable laws or application thereof regulations by any governmental or other regulatory authority body charged with the administration thereof, should make it (or in the good faith judgment of any Lender cause a substantial question as to whether it is) unlawful for any Lender to make, continue maintain or fund any Eurodollar Tranche, then such Lender shall promptly notify the Company and the Agent and, so long as such circumstances shall continue, (a) such Lender shall have no obligation to make or convert into Eurodollar Tranches (but shall make or maintain any Loan asBase Rate Tranches concurrently with the making of or conversion into Eurodollar Tranches by the Lenders which are not so affected, in each case in an amount equal to such Lender's pro rata share of all Eurodollar Tranches which would be made or to convert any Loan to, a converted into at such time in the absence of such circumstances) and (b) on the last day of the current Interest Period for each Eurodollar Loan, the Commitment Tranche of such Lender to make(or, continue and maintain in any Loan as, and to convert any Loan to, a Eurodollar Loan shall, upon the happening of such event, forthwith terminate and such Lender shall, by written notice to the Borrower, declare that such Commitment has so terminated; and if any such change or adoption shall make it unlawful for such Lender to maintain any Eurodollar Loan made by it hereunder, such Lender shall, upon the happening of such event, notify the Borrower thereof in writing stating the reasons therefor, and the Borrower shall, at the maturity thereof (or on such earlier date as may be required by the relevant law, regulation, interpretation regulation or applicationinterpretation), repay such Eurodollar Loan with respect to such Lender in full. Upon the happening of any such event, such Eurodollar Loan shall Tranche shall, unless then repaid in full, automatically convert to a Domestic Loan at Base Rate Tranche. Each Base Rate Tranche maintained by a Lender which, but for the end circumstances described in the foregoing sentence, would be a Eurodollar Tranche (an "Affected Tranche") shall remain outstanding for the same period as ---------------- the Group of the current Eurodollar Interest Period with respect thereto (or Tranches of which such earlier date as may Affected Tranche would be required by the relevant law, regulation, interpretation or application) provided that if circumstances subsequently change so that a part absent such Lender shall not continue to be so affected, such Lender shall by notice to the Borrower reinstate its obligations to make, convert, maintain or continue Loans as, or into, Eurodollar Loanscircumstances.