Common use of Eurodollar Lending Unlawful Clause in Contracts

Eurodollar Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the applicable Borrower and the applicable Administrative Agent, be conclusive and binding on such Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a Eurodollar Loan, the obligations of such Lender to make, continue or convert any such Eurodollar Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the applicable Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Loans payable to such Lender shall automatically convert into Base Rate Loans under the applicable Facility at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

Eurodollar Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the applicable Borrower and the applicable Administrative Agent, be conclusive and binding on such the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a Eurodollar Loan, the obligations of such Lender to make, continue or convert any such Eurodollar Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the applicable Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Loans payable to such Lender shall automatically convert into Alternate Base Rate Loans under the applicable Facility at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.