Common use of Eurodollar Lending Unlawful Clause in Contracts

Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF II, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 0000-X Xxxxxxxxxx Xxxxxxx funded by each such Affected Person, into the Series 2013-B Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc), Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF II, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 0000-X Xxxxxxxxxx Xxxxxxx funded by each such Affected Person, into the Series 20132014-B A Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF II, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 00002013-X Xxxxxxxxxx XxxxxxxA Eurodollar Tranche, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 00002013-X Xxxxxxxxxx XxxxxxxA Eurodollar Tranche, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 00002013-X Xxxxxxxxxx Xxxxxxx A Eurodollar Tranche funded by each such Affected Person, into the Series 2013-B A Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc)

Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF II, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 00002013-X Xxxxxxxxxx XxxxxxxB Eurodollar Tranche, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 00002013-X Xxxxxxxxxx XxxxxxxB Eurodollar Tranche, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 00002013-X Xxxxxxxxxx Xxxxxxx B Eurodollar Tranche funded by each such Affected Person, into the Series 2013-B Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Global Holdings Inc)

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Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF II, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 0000-X Xxxxxxxxxx Xxxxxxx, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 0000-X Xxxxxxxxxx Xxxxxxx funded by each such Affected Person, into the Series 2013-B A Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Hertz Corp)

Eurodollar Lending Unlawful. If a Conduit Investor, a Committed Note Purchaser or any Program Support Provider (each such person, an “Affected Person”) shall reasonably determine (which determination, upon notice thereof to the Administrative Agent and the related Funding Agent and HVF IIHVF, shall be conclusive and binding on HVF II absent manifest error) that the introduction of or any change in or in the interpretation of any law, rule or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any such Affected Person to make, continue, or maintain any Advance as, or to convert any Advance into, the Series 00002009-X Xxxxxxxxxx Xxxxxxx1 Eurodollar Tranche, the obligation of such Affected Person to make, continue or maintain any such Advance as, or to convert any such Advance into, the Series 00002009-X Xxxxxxxxxx Xxxxxxx1 Eurodollar Tranche, upon such determination, shall forthwith be suspended until such Affected Person shall notify the related Funding Agent and HVF II that the circumstances causing such suspension no longer exist, and such Investor Group shall immediately convert the portion of the Series 00002009-X Xxxxxxxxxx Xxxxxxx 1 Eurodollar Tranche funded by each such Affected Person, into the Series 20132009-B 1 Base Rate Tranche at the end of the then-current Eurodollar Interest Periods with respect thereto or sooner, if required by such law or assertion.

Appears in 1 contract

Samples: Note Purchase Agreement (Hertz Global Holdings Inc)

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