Common use of Eurocurrency Rate Lending Unlawful Clause in Contracts

Eurocurrency Rate Lending Unlawful. If any Lender shall determine in good faith (which determination shall, upon notice thereof to the Borrowers and the Lenders, be conclusive and binding) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurocurrency Rate Loan of a certain Available Currency, the obligations of all Lenders to make, continue, maintain or convert into any such Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Agent that the circumstances causing such suspension no longer exist, and all Eurocurrency Rate Loans of such Available Currency shall automatically convert into Prime Rate in an amount equal to the Dollar Amount thereof at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

Eurocurrency Rate Lending Unlawful. If any Lender shall determine in good faith (which determination shall, upon notice thereof to the Borrowers Borrower, the Administrative Agent and the Lenders, be conclusive and bindingbinding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurocurrency Rate Loan of a certain Available Currencytype, the obligations of all Lenders such Lender to make, continue, maintain or convert into any such Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurocurrency Rate Loans of such Available Currency type of such Lender shall automatically convert into Prime Rate ABR Loans denominated in an amount equal to the Dollar Amount thereof Dollars at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion, and all Loans of such Lender that would otherwise have been made or continued as, or converted into, Eurocurrency Loans shall instead be made as or converted into, or continued as, ABR Loans upon which interest shall be payable at the same time as the related Eurocurrency Loans.

Eurocurrency Rate Lending Unlawful. If any Lender shall determine in good faith (which determination shall, upon notice thereof to the Borrowers Borrower, the Administrative Agent and the Lenders, be conclusive and bindingbinding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurocurrency Rate Loan of a certain Available Currencytype, the obligations of all Lenders such Lender to make, continue, maintain or convert into any such Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurocurrency Rate Loans of such Available Currency type of such Lender shall automatically convert into Prime Rate ABR Loans denominated in an amount equal to the Dollar Amount thereof Dollars at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion, and all Loans of such Lender that would otherwise have been made or continued as, or converted into, Eurocurrency Loans shall instead be made as or converted into, or continued as, ABR Loans denominated in Dollars upon which interest shall be payable at the same time as the related Eurocurrency Loans.

Eurocurrency Rate Lending Unlawful. If any Lender shall determine in good faith (which determination shall, upon notice thereof to the Borrowers and the Lenders, be conclusive and bindingbinding on the Borrowers) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other governmental authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurocurrency Rate Loan of a certain Available Currencytype, the obligations of all Lenders to make, continue, maintain or convert into any such Loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Agent that the circumstances causing such suspension no longer exist, and and, in the case of Interbank Rate Loans, all Eurocurrency Interbank Rate Loans of such Available Currency shall automatically convert into Prime Reference Rate Loans, or in an amount equal to the Dollar Amount thereof case of other Eurocurrency Rate Loans, such Loans shall be repaid in full, in each case at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.