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

Changes in Law Rendering LIBOR Loans Unlawful. If at any time any law, treaty or regulation, or any interpretation thereof by any Governmental Body shall make it unlawful for any Lender to fund or maintain its share of any LIBOR Loan or SourceOne LIBOR Loan with monies obtained in the London Interbank Market, such Lender, upon the occurrence of such event, shall notify Borrower thereof and thereupon the (i) right of Borrower to make any LIBOR Election shall be suspended for the duration of such illegality and (ii) if required by such law, regulation or interpretation, on such date as shall be specified in such notice all Interest Periods then in effect shall be terminated, and thereafter all LIBOR Loans and SourceOne LIBOR Loans shall be deemed converted to the Base Rate Portion.

Changes in Law Rendering LIBOR Loans Unlawful. If at any time any law, treaty or regulation, or any interpretation thereof by any Governmental Body shall make it unlawful for any Lender to fund or maintain its share of any LIBOR Loan or SourceOne LIBOR Loan with monies obtained in the London Interbank Market, such Lender, upon the occurrence of such event, shall notify Borrower thereof and thereupon the (i) right of Borrower to make any LIBOR Election shall be suspended for the duration of such illegality and (ii) if required by such law, regulation or interpretation, on such date as shall be specified in such notice all Interest Periods then in effect shall be terminated, and thereafter all LIBOR Loans and SourceOne LIBOR Loans shall be deemed converted to the Base Rate Portion.

Changes in Law Rendering LIBOR Loans Unlawful. If at any time any law, treaty or regulation, or any interpretation thereof by any Governmental Body Body, shall make it unlawful for any Lender to fund or maintain its share of any LIBOR Loan or SourceOne LIBOR Loan with monies obtained in the London Interbank Market, such Lender, upon the occurrence of such event, shall notify Borrower thereof and thereupon the (i) the right of Borrower to make any LIBOR Election shall be suspended for the duration of such illegality and (ii) if required by such law, regulation or interpretation, on such date as shall be specified in such notice all LIBOR Interest Periods then in effect shall be terminated, and thereafter all LIBOR Loans and SourceOne LIBOR Loans shall be deemed converted to the Base Prime Rate Portion.

Changes in Law Rendering LIBOR Loans Unlawful. If at any time --------------------------------------------- any law, treaty or regulation, or any interpretation thereof by any Governmental Body Authority shall make it unlawful for any Lender to fund or maintain its share of any LIBOR Loan or SourceOne LIBOR Loan with monies obtained in the London Interbank Market, such Lender, upon the occurrence of such event, shall notify Borrower thereof and thereupon the (i) right of Borrower to make any LIBOR Election shall be suspended for the duration of such illegality and (ii) if required by such law, regulation or interpretation, on such date as shall be specified in such notice all Interest Periods then in effect shall be terminated, and thereafter all LIBOR Loans and SourceOne LIBOR Loans shall be deemed converted to the Base Prime Rate PortionLoans.