Common use of Eurodollar Rate Lending Unlawful Clause in Contracts

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be conclusive and binding on 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 Rate Loan, the obligations of such Lender to make, 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 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 or assertion.

Appears in 2 contracts

Samples: Credit Agreement (Global Power Equipment Group Inc/), Credit Agreement (Global Power Equipment Group Inc/)

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Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative AgentLenders, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender all Lenders to make, continue 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 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 or assertion.

Appears in 2 contracts

Samples: Credit Facility Agreement (Horseshoe Gaming LLC), Credit Agreement (Microsemi Corp)

Eurodollar Rate Lending Unlawful. (a) If any Lender shall in good faith determine reasonably determines (which determination shall, upon notice thereof to the Borrower Borrowers and the Administrative Agent, be conclusive and binding on the BorrowerBorrowers absent manifest error) 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, maintain or continue 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 payable to 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 Law or assertion.. Upon any such conversion the Borrowers shall pay any accrued

Appears in 2 contracts

Samples: Revolving Credit Agreement (Renewable Energy Group, Inc.), Revolving Credit Agreement (Renewable Energy Group, Inc.)

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower AMRC and the Administrative Agent, be conclusive and binding on the BorrowerBorrowers) 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, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender to make, continue 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 payable to 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

Samples: 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 the Borrower and the Administrative Agent, be conclusive and binding on the 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 asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender to make, continue 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 payable to 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

Samples: Credit Agreement (GrubHub Inc.), Credit Agreement (Lannett Co Inc)

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower Wxxxx Acquisition and the Administrative Agent, be conclusive and binding on the BorrowerBorrowers) 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 or continue 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 or convert any such 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 payable to 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

Samples: Recognition Agreement (Wells Timberland REIT, Inc.)

Eurodollar Rate Lending Unlawful. If any the Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative AgentBorrower, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such the Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such the Lender to make, continue 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 payable to 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 or assertion.

Appears in 1 contract

Samples: Subordinated Credit Agreement (Zimmerman Sign Co)

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower Borrowers, the Agent and the Administrative AgentLenders, be conclusive and binding on the BorrowerBorrowers) that the introduction of or any change in or in the interpretation of any law Applicable Law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender to make, continue 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 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 Applicable Law or assertion.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower Borrowers, the Administrative Agent and the Administrative AgentLenders, be conclusive and binding on the BorrowerBorrowers) that the introduction of or any change in or in the interpretation of any law Applicable Law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender to make, continue 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 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 Applicable Law or assertion.

Appears in 1 contract

Samples: Credit Agreement (Bergen Brunswig Corp)

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Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower Borrowers, the Administrative Agent and the Administrative AgentLenders, be conclusive and binding on the each Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender to make make, continue or continue 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 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 payable to 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

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Eurodollar Rate Lending Unlawful. If any Lender -------------------------------- shall determine in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative AgentLenders, be conclusive and binding 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 make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender the Lenders to make, continue 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 payable to 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 or assertion.

Appears in 1 contract

Samples: Credit Agreement (Manor Investment Co Inc)

Eurodollar Rate Lending Unlawful. If any Lender the Bank shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law law, rule, regulation or guideline, (whether or not having the force of law) makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such Lender the Bank to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such Lender the Bank to make, continue continue, maintain or convert into any such Eurodollar Rate Loan shall, upon such determination, forthwith be suspended until such Lender the Bank shall notify the Administrative Agent Borrower that the circumstances causing such suspension no longer exist, and all outstanding Eurodollar Rate Loans payable to such Lender shall automatically convert into Base Prime Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertionLoans.

Appears in 1 contract

Samples: Credit Agreement (Connecticut Water Service Inc / Ct)

Eurodollar Rate Lending Unlawful. If any the Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative AgentBorrower, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority central bank or other governmental authority asserts that it is unlawful, for such the Lender to make make, continue or continue maintain any Loan as, or to convert any Loan into, a Eurodollar Rate Loan, the obligations of such the Lender to make, continue 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 payable to 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 or assertion.

Appears in 1 contract

Samples: Credit Agreement (Kemper High Income Trust)

Eurodollar Rate Lending Unlawful. If any Lender shall in good faith determine (which determination shall, upon notice thereof to the Borrower and the Administrative Agent, be conclusive and binding on 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 Revolving Loan as, or to convert any Revolving Loan into, a Eurodollar Rate Revolving Loan, the obligations of such Lender to make, 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 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 such law or such assertion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mips Technologies Inc)

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