Inability to Determine Rates; Change in Legality Sample Clauses

Inability to Determine Rates; Change in Legality. (a) Subject to clause (b) below, if, on or prior to the first day of any Rate Tranche Period for any funding of any portion of the Asset Portfolio or Capital at Term SOFR:
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Inability to Determine Rates; Change in Legality. (a) Subject to Section 4.6, if, on any day with respect to any Daily One Month Term SOFR Invested Amounts:
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Inability to Determine Rates; Change in Legality. (a) Subject to Section 4.06, if, on or prior to the first day of any Interest Period for any SOFR Loan:
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Inability to Determine Rates; Change in Legality. (a) Subject to Section 5.06, if, on or prior to the first day of any Yield Period for any SOFR Investment:
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Related to Inability to Determine Rates; Change in Legality

  • Inability to Determine Rates If the Required Lenders determine that for any reason in connection with any request for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

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