Inability to Ascertain Adjusted LIBOR Sample Clauses

Inability to Ascertain Adjusted LIBOR. In the event that on the date for determining LIBOR in respect of any Interest Period for any Loan, the Agent shall have determined (which determination shall be presumed to be correct until the contrary shall have been established) that by reason of circumstances affecting the interbank LIBOR market, adequate and fair means do not exist for ascertaining LIBOR for the relevant Interest Period, the Agent shall promptly give to the Debtor telephonic notice (confirmed as soon as practicable in writing) of the nature and effect of such circumstances. After receipt of such notice, such Loan shall be converted into a Base Rate Loan and during the continuance of such circumstance, shall be maintained as a Base Rate Loan; provided that nothing in this Section shall affect the interest rate then in effect at the time of receipt by the Debtor of such notice until the expiration of the applicable Interest Period for such Loan in effect at such time.