Common use of Inability to Determine Eurodollar Base Rate Clause in Contracts

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders of funding or converting such Loan, the Administrative Agent shall give telephonic or written notice of such determination to the Borrowers at least one (1) day prior to the proposed date for funding or converting such Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative Agent, the Borrowers will not request that any Loan be made as or converted to a Eurodollar Loan.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a an advance of the Revolving Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a an advance of the Revolving Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders of funding or converting such advance of the Revolving Loan, the Administrative Agent shall give telephonic or written notice of such determination to the Borrowers at least one (1) day prior to the proposed date for funding or converting such advance of the Revolving Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative Agent, the Borrowers will not request that any advance of the Revolving Loan be made as or converted to a Eurodollar Loan.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent Lender shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent Lender shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding or converting such Loan, the Administrative Agent Lender shall give telephonic or written notice of such determination to the Borrowers Borrower at least one (1) day prior to the proposed date for funding or converting such Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative AgentLender, the Borrowers Borrower will not request that any Loan be made as or converted to a Eurodollar Loan. Any such notice must be withdrawn promptly following the cessation of the circumstances that caused such notice to be given.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent Lender shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan an advance the Borrowers have requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent Lender shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan an advance the Borrowers have Company has requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding or converting such Loan, the Administrative Agent Lender shall give telephonic or written notice of such determination to the Borrowers Company at least one (1) day prior to the proposed date for funding or converting such Loanadvance. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative AgentLender, the Borrowers Company will not request that any Loan advance under the Revolving Credit be made as or converted to a Eurodollar Loan. Any such notice must be withdrawn promptly following the cessation of the circumstances that caused such notice to be given.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent Lender shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent Lender shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding or converting such Loan, the Administrative Agent Lender shall give telephonic or written notice of such determination to the Borrowers Borrower at least one (1) day prior to the proposed date for funding or converting such Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative AgentLender, the Borrowers Borrower will not request that any Loan be made as or converted to a Eurodollar Loan.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent Lender shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent Lender shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders of funding or converting such Loan, the Administrative Agent Lender shall give telephonic or written notice of such determination to the Borrowers at least one (1) day prior to the proposed date for funding or converting such Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative AgentLender, the Borrowers will not request that any Loan be made as or converted to a Eurodollar Loan.

Inability to Determine Eurodollar Base Rate. In the event that (a) the Administrative Agent Lender shall have determined that, by reason of circumstances affecting the London interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan or (b) the Administrative Agent Lender shall determine that the Eurodollar Base Rate for any requested Interest Period with respect to a Loan the Borrowers have Borrower has requested to be made as or to be converted to a Eurodollar Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding or converting such Loan, the Administrative Agent Lender shall give telephonic or written notice of such determination to the Borrowers Borrower at least one (1) day prior to the proposed date for funding or converting such Loan. If such notice is given, any request for a Eurodollar Loan shall be made as or converted to a Base Rate Loan. Until such notice has been withdrawn by the Administrative AgentLender, the Borrowers Borrower will not request that any Loan be made as or converted to a Eurodollar Loan.