Common use of Changes in Law Rendering Loan Unlawful Clause in Contracts

Changes in Law Rendering Loan Unlawful. In the event that (i) any change in applicable law, treaty or regulation or the interpretation thereof (whether or not having the force of law) shall make it unlawful or impossible for Lender to make or continue to maintain all or any portion of a Eurodollar Advance contemplated hereunder, or (ii) any central bank or other fiscal, monetary or other authority having jurisdiction over Lender or all or any portion of a Eurodollar Advance shall request Lender in writing to comply with restrictions (whether or not having the force of law) which seek to prohibit Lender from making or continuing to maintain such a Eurodollar Advance, then Lender shall so notify Borrower, and Borrower shall, upon demand by Lender, either, at the option of Borrower, prepay such Eurodollar Advance or convert such Eurodollar Advance to a Prime Rate Advance in accordance with SECTION 3.5 hereof, except that, subject to the provisions of SECTION 4.4 hereof, such prepayment or conversion need not be effected on the last day of the Interest Period applicable to the Eurodollar Advance, and upon such demand or upon notice by Lender, the obligation of Lender to make such Eurodollar Advance hereunder shall terminate. Failure to prepay any such portion of a Eurodollar Advance shall be deemed an election to convert to a Prime Rate Advance. Such demand or notice shall be accompanied by a certificate of Lender provided to Borrower as to the reasons why it is no longer feasible for Lender to make or continue to maintain such Eurodollar Advance hereunder and such certificate shall, in the absence of manifest error in calculation, be conclusive and binding. 2.18 Amendment to Section 9.2

Changes in Law Rendering Loan Unlawful. In the event that (i) any change in applicable law, treaty or regulation or the interpretation thereof (whether or not having the force of law) shall make it unlawful or impossible for any Lender to make or continue to maintain all or any portion of a Eurodollar Advance contemplated hereunder, or (ii) any central bank or other fiscal, monetary or other authority having jurisdiction over such Lender or all or any portion of a Eurodollar Advance shall request such Lender in writing to comply with restrictions (whether or not having the force of law) which seek to prohibit such Lender from making or continuing to maintain such a Eurodollar Advance, then such Lender shall so notify Borrower, and Borrower shall, upon demand by such Lender, either, at the option of Borrower, prepay such Eurodollar Advance or convert such Eurodollar Advance to a Prime Rate Advance in accordance with SECTION 3.5 hereof, except that, subject to the provisions of SECTION 4.4 hereof, such prepayment or conversion need not be effected on the last day of the Interest Period applicable to the Eurodollar AdvanceCraftmade International, Inc. Second Amended and upon such demand or upon notice by Lender, the obligation of Lender to make such Eurodollar Advance hereunder shall terminate. Failure to prepay any such portion of a Eurodollar Advance shall be deemed an election to convert to a Prime Rate Advance. Such demand or notice shall be accompanied by a certificate of Lender provided to Borrower as to the reasons why it is no longer feasible for Lender to make or continue to maintain such Eurodollar Advance hereunder and such certificate shall, in the absence of manifest error in calculation, be conclusive and binding. 2.18 Amendment to Section 9.2Restated Credit Agreement

Changes in Law Rendering Loan Unlawful. In the event that (i) any change in applicable law, treaty or regulation or the interpretation thereof (whether or not having the force of law) shall make it unlawful or impossible for Lender Bank to make or continue to maintain all or any portion of a Eurodollar Advance contemplated hereunder, or (ii) any central bank or other fiscal, monetary or other authority having jurisdiction over Lender Bank or all or any portion of a Eurodollar Advance shall request Lender Bank in writing to comply with restrictions (whether or not having the force of law) which seek to prohibit Lender Bank from making or continuing to maintain such a Eurodollar Advance, then Lender Bank shall so notify Borrower, and Borrower shall, upon demand by LenderBank, either, at the option of Borrower, prepay such Eurodollar Advance or convert such Eurodollar Advance to a Prime Rate Advance in accordance with SECTION 3.5 2.6(b) hereof, except that, subject to the provisions of SECTION 4.4 2.7 hereof, such prepayment or conversion need not be effected on the last day of the a Final Interest Period applicable to the Eurodollar AdvancePayment Date, and upon such demand or upon notice by LenderBank, the obligation of Lender Bank to make such Eurodollar Advance hereunder shall terminate. Failure to prepay any such portion of a Eurodollar Advance shall be deemed an election to convert to a Prime Rate Advance. Such demand or notice shall be accompanied by a certificate of Lender Bank provided to Borrower as to the reasons why it is no longer feasible for Lender Bank to make or continue to maintain such Eurodollar Advance hereunder and such certificate shall, in the absence of manifest error in calculation, be conclusive and binding. 2.18 Amendment to Section 9.2.

Changes in Law Rendering Loan Unlawful. In the event that (i) any change in applicable law, treaty or regulation or the interpretation thereof (whether or not having the force of law) shall make it unlawful or impossible for Lender Bank to make or continue to maintain all or any portion of a Eurodollar Advance contemplated hereunder, or (ii) any central bank or other fiscal, monetary or other authority having jurisdiction over Lender Bank or all or any portion of a Eurodollar Advance shall request Lender Bank in writing to comply with restrictions (whether or not having the force of law) which seek to prohibit Lender Bank from making or continuing to maintain such a Eurodollar Advance, then Lender Bank shall so notify Borrower, and Borrower shall, upon demand by LenderBank, either, at the option of Borrower, prepay such Eurodollar Advance or convert such Eurodollar Advance to a Prime Rate Advance in accordance with SECTION 3.5 2.6(B) hereof, except that, subject to the provisions of SECTION 4.4 2.7 hereof, such prepayment or conversion need not be effected on the last day of the a Final Interest Period applicable to the Eurodollar AdvancePayment Date, and upon such demand or upon notice by LenderBank, the obligation of Lender Bank to make such Eurodollar Advance hereunder shall terminate. Failure to prepay any such portion of a Eurodollar Advance shall be deemed an election to convert to a Prime Rate Advance. Such demand or notice shall be accompanied by a certificate of Lender Bank provided to Borrower as to the reasons why it is no longer feasible for Lender Bank to make or continue to maintain such Eurodollar Advance hereunder and such certificate shall, in the absence of manifest error in calculation, be conclusive and binding. 2.18 Amendment to Section 9.2.