Illegality of Offering Euro-Rate. If the Bank shall determine in good faith (which determination shall be final and conclusive) that compliance by the Bank with any applicable Governmental Rule (whether or not having the force of law), or the interpretation or application thereof by any Governmental Authority has made it unlawful for the Bank to make or maintain Euro-Rate Loans, the Bank shall give notice of such determination to the Borrower. Notwithstanding any provision of this Agreement to the contrary, unless and until the Bank shall give notice to the Borrower that the circumstances giving rise to such determination no longer apply:
Appears in 2 contracts
Samples: Credit Agreement (Gerdau Ameristeel Corp), Credit Agreement (Gerdau Ameristeel Corp)
Illegality of Offering Euro-Rate. If the Bank shall determine in -------------------------------- good faith (faith, which determination shall be final and conclusive) , that compliance by the Bank with any applicable Governmental Rule (whether or not having the force of law), or the interpretation or application thereof by any Governmental Authority has made it unlawful for the Bank to make or maintain Euro-Rate Loans, the Bank shall give notice of such determination to the Borrower. Notwithstanding any provision of this Agreement to the contrary, unless and until the Bank shall give notice to the Borrower that the circumstances giving rise to such determination no longer apply:
Appears in 2 contracts
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc), Credit Agreement (Respironics Inc)
Illegality of Offering Euro-Rate. If the Bank shall determine in good faith (faith, which determination shall be final and conclusive) , that compliance by the Bank with any applicable Governmental Rule (whether or not having the force of law), or the interpretation or application thereof by any Governmental Authority has made it unlawful for the Bank to make or maintain Euro-Rate Loans, the Bank shall give notice of such determination to the Borrower. Notwithstanding any provision of this Agreement to the contrary, unless and until the Bank shall give notice to the Borrower that the circumstances giving rise to such determination no longer apply:
Appears in 1 contract
Samples: Credit Agreement (Universal Stainless & Alloy Products Inc)
