Common use of Eurodollar Rate Unascertainable; Illegality; Increased Costs Clause in Contracts

Eurodollar Rate Unascertainable; Illegality; Increased Costs. (a) (i) In the event that Lender shall have determined (which determination shall be conclusive and binding upon Borrower absent manifest error) that by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means do not exist for ascertaining LIBOR, then Lender shall forthwith give notice by telephone of such determination to Borrower with a written confirmation of such determination promptly thereafter. If such notice is given, the Loan shall bear interest at the Adjusted Base Rate beginning on the first day of the next succeeding Interest Period.

Eurodollar Rate Unascertainable; Illegality; Increased Costs. (a) (i) In the event that If Lender shall have determined (which determination shall be conclusive and binding upon Borrower absent manifest error) that by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means do not exist for ascertaining LIBOR, then Lender shall forthwith give notice by telephone of such determination determination, confirmed in writing, to Borrower with a written confirmation at least one (1) Business Day prior to the last day of such determination promptly thereafterthe related Interest Period. If such notice is given, the Loan shall bear interest at the Adjusted Base Prime Rate beginning on the first day of the next succeeding Interest Period.