Common use of EURODOLLAR DEPOSITS UNAVAILABLE OR INTEREST RATE UNASCERTAINABLE Clause in Contracts

EURODOLLAR DEPOSITS UNAVAILABLE OR INTEREST RATE UNASCERTAINABLE. In the event the Majority Lenders shall have determined, in good faith and reasonably, that Dollar deposits of the relevant amount for the relevant LIBOR Interest Period for LIBOR Loans are not available to the Lenders in the London Interbank Eurodollar market or that, by reason of circumstances affecting such market, adequate and reasonable means do not exist for ascertaining LIBOR then (i) any notice of new LIBOR Loans (or conversion of Revolving Credit Loans to LIBOR Loans) previously given by the Company and not yet borrowed (or converted, as the case may be) shall be deemed a notice to make Alternate Base Rate Loans unless the Company notifies the Administrative Agent to the contrary, and (ii) the Company shall be obligated either to prepay or to convert any outstanding LIBOR Loans on the last day of the then current LIBOR Interest Period or Periods with respect thereto.

EURODOLLAR DEPOSITS UNAVAILABLE OR INTEREST RATE UNASCERTAINABLE. In the event the Majority Lenders Banks shall have determined, in good faith and reasonably, that Dollar deposits of the relevant amount for the relevant LIBOR Interest Period for LIBOR Loans are not available to the Lenders Banks in the London Interbank Eurodollar market or that, by reason of circumstances affecting such market, adequate and reasonable means do not exist for ascertaining LIBOR applicable to such determination to the Company then (i) any notice of new LIBOR Loans (or conversion of Revolving Credit existing Loans to LIBOR Loans) previously given by the Company and not yet borrowed (or converted, as the case may be) shall be deemed a notice to make Alternate Base Rate Loans unless the Company notifies the Administrative Agent to the 18 contrary, and (ii) the Company shall be obligated either to prepay or to convert any outstanding LIBOR Loans on the last day of the then current LIBOR Interest Period or Periods with respect thereto.

EURODOLLAR DEPOSITS UNAVAILABLE OR INTEREST RATE UNASCERTAINABLE. In the event the Majority Lenders Banks shall have determined, in good faith and reasonably, that Dollar deposits of the relevant amount for the relevant LIBOR Interest Period for LIBOR Loans are not available to the Lenders Banks in the London Interbank Eurodollar market or that, by reason of circumstances affecting such market, adequate and reasonable means do not exist for ascertaining LIBOR applicable to such determination to the Company then (i) any notice of new LIBOR Loans (or conversion of Revolving Credit existing Loans to LIBOR Loans) previously given by the Company and not yet borrowed (or converted, as the case may be) shall be deemed a notice to make Alternate Base Rate Loans unless the Company notifies the Administrative Agent to the contrary, and (ii) the Company shall be obligated either to prepay or to convert any outstanding LIBOR Loans on the last day of the then current LIBOR Interest Period or Periods with respect thereto.