Common use of ILLEGALITY OF EURODOLLAR ADVANCES Clause in Contracts

ILLEGALITY OF EURODOLLAR ADVANCES. If, after the date of this Agreement, the adoption of any applicable law, rule, or regulation, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank, or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any Lender with any request or directive (whether or not having the force of law) of any such authority, central bank, or comparable agency shall make it unlawful or impossible for any Lender to make, maintain, or fund its Eurodollar Advances, then such Lender shall forthwith give notice thereof to Agent and Borrower. Before giving any notice pursuant to this subsection, such Lender shall designate a different Eurodollar lending office if such designation will avoid the need for giving such notice and will not be otherwise disadvantageous to any non-trivial extent to such Lender (as determined in good faith by such Lender). Upon receipt of such notice, Borrower shall either (i) repay in full the then- outstanding principal amount of any of such Lender's Eurodollar Advances, together with accrued interest thereon, or (ii) convert such Lender's Eurodollar Advances to Prime Rate Advances, on either (A) the last day of the then current Interest Period applicable to such Eurodollar Advance, if such Lender may lawfully continue to maintain and fund such Eurodollar Advance to such day, or (B) immediately, if such Lender may not lawfully continue to fund and maintain such Eurodollar Advance to such day.

ILLEGALITY OF EURODOLLAR ADVANCES. If, after the date of this Agreement, the adoption of any applicable law, rule, or regulation, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank, or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any Lender with any request or directive (whether or not having the force of law) of any such authority, central bank, or comparable agency shall make it unlawful or impossible for any Lender to make, maintain, or fund its Eurodollar Advances, then such Lender shall forthwith give notice thereof to Agent and Borrower. Before giving any notice pursuant to this subsection, such Lender shall designate a different Eurodollar lending office if such designation will avoid the need for giving such notice and will not be otherwise disadvantageous to any non-trivial extent to such Lender (as determined in good faith by such Lender). Upon receipt of such notice, Borrower shall either (i) repay in full the then- then-outstanding principal amount of any of such Lender's Eurodollar Advances, together with accrued interest thereon, or (ii) convert such Lender's Eurodollar Advances to Prime Base Rate Advances, on either (A) the last day of the then current Interest Period applicable to such Eurodollar Advance, if such Lender may lawfully continue to maintain and fund such Eurodollar Advance to such day, or (B) immediately, if such Lender may not lawfully continue to fund and maintain such Eurodollar Advance to such day.

ILLEGALITY OF EURODOLLAR ADVANCES. If, after the date of this Loan Agreement, the adoption of any applicable law, rule, rule or regulation, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank, bank or comparable agency charged with the interpretation or administration thereof, or compliance by Agent or any Lender with any request or directive (whether or not having the force of law) of any such authority, central bank, bank or comparable agency shall make it unlawful or impossible for any Lender to make, maintain, maintain or fund its Eurodollar Advances, then such Lender shall forthwith give notice thereof to Administrative Agent and Borrowerthe Company. Before giving any notice pursuant to this subsectionSubsection, such Lender shall designate a different Eurodollar lending office if such the designation will avoid the need for giving such the notice and will not be otherwise disadvantageous to any non-trivial extent to such Lender (as determined in good faith by such Lender). Upon receipt of such the notice, Borrower Company shall either (i) repay in full the then- then outstanding principal amount of any of such Lender's the Eurodollar AdvancesAdvance, together with accrued interest thereon, or (ii) convert such Lender's the Eurodollar Advances Advance to a Prime Rate AdvancesAdvance, on either (Aa) the last day of the then current Interest Period applicable to such the Eurodollar Advance, Advance if such Lender may lawfully continue to maintain and fund such the Eurodollar Advance to such day, that day or (Bb) immediately, immediately if such any Lender may not lawfully continue to fund and maintain such the Eurodollar Advance to such that day.