Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC and the Administrative Agent, be conclusive and binding 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 Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law or assertion.
Appears in 2 contracts
Sources: Credit Agreement (Applied Medical Corp), Credit Agreement (Applied Medical Corp)
Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative Agent, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for such Lender to make, make or continue or maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain continue or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 2 contracts
Sources: Credit Agreement (Global Power Equipment Group Inc/), Assignment, Amendment and Restatement Agreement (Global Power Equipment Group Inc/)
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative Agent, be conclusive and binding on the BorrowersBorrower) 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 Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law or assertion.
Appears in 2 contracts
Sources: Credit Agreement (GrubHub Inc.), Credit Agreement (Lannett Co Inc)
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate Loan, the obligations of such Lender all Lenders to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 2 contracts
Sources: Credit Agreement (Microsemi Corp), Credit Facility Agreement (Horseshoe Gaming LLC)
Eurodollar Rate Lending Unlawful. (a) If any Lender shall determine reasonably determines (which determination shall, upon notice thereof to AMRC the Borrowers and the Administrative Agent, be conclusive and binding on the BorrowersBorrowers absent manifest error) 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 maintain or maintain fund any Loan as, or to convert any Loan into, as a Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain or convert fund any such Loan as a Eurodollar Rate Loan shall, upon such determination, forthwith be suspended until such Lender shall notify notifies the Administrative Agent that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then then-current Interest Periods with respect thereto or sooner, if required by such Law or assertion.. Upon any such conversion the Borrowers shall pay any accrued
Appears in 2 contracts
Sources: Revolving Credit Agreement (Renewable Energy Group, Inc.), Revolving Credit Agreement (Renewable Energy Group, Inc.)
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that after the Effective Date the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority government authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that after the Refunding Effective Date the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority government authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Sources: Refunding Credit Agreement (Cornerstone Propane Partners Lp)
Eurodollar Rate Lending Unlawful. If any the Lender shall determine (which determination shall, upon notice thereof to AMRC and the Administrative AgentBorrower, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority governmental authority asserts that it is unlawful, for such the Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such the Lender to make, continue, maintain or convert any such Eurodollar Rate Loan Loans shall, upon such determination, forthwith be suspended until such the Lender shall notify the Administrative Agent Borrower that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrowers, the Administrative Agent and the Administrative AgentLenders, be conclusive and binding on the Borrowers) that the introduction of or any change in or in the interpretation of any Applicable Law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan type of 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Applicable Law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrowers, the Administrative Agent and the Administrative AgentLenders, be conclusive and binding on the Borrowerseach Borrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender to make, continue, maintain or convert into any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such type of such Lender shall automatically convert into Base Rate ABR Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law or assertion.then
Appears in 1 contract
Sources: Credit Agreement (Dollar Thrifty Automotive Group Inc)
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative Agent, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for such Lender to make, make or continue or maintain any Revolving Loan as, or to convert any Revolving Loan into, a Eurodollar Rate Revolving Loan, the obligations of such Lender to make, continue, maintain continue or convert any such Eurodollar Rate Revolving Loan 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 Eurodollar Rate Revolving Loans of payable to such Lender shall automatically convert into Base Rate ABR Revolving Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by law or such Law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender -------------------------------- shall determine in good faith (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law 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 Eurodollar Rate Loan, the obligations of such Lender the Lenders to make, continue, maintain or convert into any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Reference Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrowers, the Agent and the Administrative AgentLenders, be conclusive and binding on the Borrowers) that the introduction of or any change in or in the interpretation of any Applicable Law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate Loan, the obligations of such Lender to make, continue, maintain or convert any such Eurodollar Rate Loan type of 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Applicable Law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine -------------------------------- (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender all Lenders to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Sources: Credit Agreement (Aristotle Corp)
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC W▇▇▇▇ Acquisition and the Administrative Agent, be conclusive and binding 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 accrue interest on the Loans at the Adjusted Eurodollar Rate LoanRate, the obligations of such Lender the Lenders to make, continue, maintain or convert any such continue to accrue interest on the Loans at the Adjusted Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender shall automatically convert into Base Rate Loans automatically, at the end of the then current Interest Periods with respect thereto or soonerPeriod, if required by such Law or assertioncontinue to accrue interest as provided in Section 4.12.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that after the Effective Date the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority government authority asserts that it is unlawful, for such Lender to make, continue or maintain any Loan as, or to convert any Loan into, a Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender all Lenders to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Eurodollar Rate Lending Unlawful. If any Lender shall -------------------------------- determine (which determination shall, upon notice thereof to AMRC the Borrower and the Administrative AgentLenders, be conclusive and binding on the BorrowersBorrower) that the introduction of or any change in or in the interpretation of any Law law makes it unlawful, or any central bank or other Governmental Authority 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 Eurodollar Rate LoanLoan of a certain type, the obligations of such Lender all Lenders to make, continue, maintain or convert any such Eurodollar Rate Loan 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 Eurodollar Rate Loans of such Lender type shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such Law law or assertion.
Appears in 1 contract
Sources: Credit Agreement (Aristotle Corp)