Common use of Disaster Clause in Contracts

Disaster. Notwithstanding anything contained in this Agreement to the contrary, if the Administrative Agent determines that: (i) it is unable for any reason to quote or determine rates based upon a LIBOR Rate, or (ii) the LIBOR Rate does not accurately reflect the cost to a Lender of making or maintaining a LIBOR Rate Loan then the Administrative Agent shall give the Borrower and the Lenders prompt notice thereof, and so long as such condition shall remain in effect the right of the Borrower to select a LIBOR Rate Loan or to convert a Prime Rate Loan into, or to borrow or renew, a LIBOR Rate Loan shall be suspended. The Borrower, in such event, shall, on the last day of a then current Interest Period either prepay such loan together with accrued interest thereon or convert such loan into a Prime Rate Loan.

Disaster. Notwithstanding anything contained in this Agreement -------- to the contrary, if the Administrative Agent determines that: (i) it is unable for any reason to quote or determine rates based upon a LIBOR Rate, or (ii) the LIBOR Rate does not accurately reflect the cost to a Lender Bank of making or maintaining a LIBOR Rate Loan then the Administrative Agent shall give the Borrower and the Lenders prompt notice thereof, and so long as such condition shall remain in effect the right of the Borrower to select a LIBOR Rate Loan or to convert a Prime Rate Loan into, or to borrow or renew, into a LIBOR Rate Loan shall be suspended. The Borrower, in such event, shall, on the last day of a then current Interest Period either prepay such loan together with accrued interest thereon or convert such loan into a Prime Rate Loan.

Disaster. Notwithstanding anything contained in this Agreement to -------- the contrary, if the Administrative Agent determines that: (i) it is unable for any reason to quote or determine rates based upon a LIBOR Rate, or (ii) the LIBOR Rate does not accurately reflect the cost to a Lender of making or maintaining a LIBOR Rate Loan then the Administrative Agent shall give the Borrower and the Lenders prompt notice thereof, and so long as such condition shall remain in effect the right of the Borrower to select a LIBOR Rate Loan or to convert a Prime Rate Loan into, or to borrow or renew, into a LIBOR Rate Loan shall be suspended. The Borrower, in such event, shall, on the last day of a then current Interest Period either prepay such loan together with accrued interest thereon or convert such loan into a Prime Rate Loan.

Disaster. Notwithstanding anything contained in this Agreement to -------- the contrary, if the Administrative Agent determines that: (i) it is unable for any reason to quote or determine rates based upon a LIBOR Rate, or (ii) the LIBOR Rate does not accurately reflect the cost to a Lender of making or maintaining a LIBOR Rate Loan then the Administrative Agent shall give the Borrower and the Lenders prompt notice thereof, and so long as such condition shall remain in effect the right of the Borrower to select a LIBOR Rate Loan or to convert a Prime Rate Loan into, or to borrow or renew, a LIBOR Rate Loan shall be suspended. The Borrower, in such event, shall, on the last day of a then current Interest Period either prepay such loan together with accrued interest thereon or convert such loan into a Prime Rate Loan.

Disaster. Notwithstanding anything contained in this -------- Agreement to the contrary, if the Administrative Agent determines that: (i) it is unable for any reason to quote or determine rates based upon a LIBOR Rate, or (ii) the LIBOR Rate does not accurately reflect the cost to a Lender Bank of making or maintaining a LIBOR Rate Loan then the Administrative Agent shall give the Borrower and the Lenders prompt notice thereof, and so long as such condition shall remain in effect the right of the Borrower to select a LIBOR Rate Loan or to convert a Prime Rate Loan into, or to borrow or renew, into a LIBOR Rate Loan shall be suspended. The Borrower, in such event, shall, on the last day of a then current Interest Period either prepay such loan together with accrued interest thereon or convert such loan into a Prime Rate Loan.