Common use of Inability to Determine Rates Clause in Contracts

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 20 contracts

Samples: Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc), Loan Agreement (Nicholas Financial Inc)

AutoNDA by SimpleDocs

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 16 contracts

Samples: Credit Agreement (Unisys Corp), Debtor in Possession Credit Agreement (Radioshack Corp), Credit Agreement (Papa Murphy's Holdings, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 7 contracts

Samples: Credit Agreement (Advanced Micro Devices Inc), Credit Agreement (Spansion Inc.), Credit Agreement (Applica Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBOR Loan, the Agent will promptly so notify the Borrower and each LenderLender thereof. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itany of them. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 7 contracts

Samples: Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.), Credit Agreement (ProFrac Holding Corp.)

Inability to Determine Rates. If the Agent determines Required Lenders determine that for by reason of any reason changes affecting the London interbank eurodollar market adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the such Lenders of funding such Loan, or that deposits are not being offered to banks in the London interbank eurodollar market for the applicable amount and the Interest Period of such LIBOR Loan, in each case due to circumstances arising on or after the date hereof, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain any affected LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice in writingnotice. Upon receipt of such notice, the Borrower may revoke any Notice pending request for a Borrowing of, conversion to or continuation of LIBOR Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, Base Rate Loans in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loanstherein.

Appears in 6 contracts

Samples: Credit Agreement (IASIS Healthcare LLC), Amended and Restated Credit Agreement (IASIS Healthcare LLC), Amendment and Restatement Agreement (ASC Acquisition LLC)

Inability to Determine Rates. If the Agent determines shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the forthwith give notice of such determination to Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans Loans, as the case may be, hereunder shall be suspended until Agent, upon instruction from the Agent Requisite Lenders, revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itsubmitted. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Prime Rate Loans instead of LIBOR Rate Loans, as the case may be.

Appears in 6 contracts

Samples: Warehousing Credit Agreement (American Finance Group Inc /De/), Warehousing Credit Agreement (PLM International Inc), Warehousing Credit Agreement (PLM International Inc)

Inability to Determine Rates. If the Agent determines any Lender shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower forthwith give notice of such determination to Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans Loans, as the case may be, hereunder shall be suspended until the Agent Agent, upon instruction from Requisite Lenders, revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itsubmitted. If the a Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans, as the case may be.

Appears in 5 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth & Income Fund Vii), Warehousing Credit Agreement (PLM Equipment Growth Fund Vi), Warehousing Credit Agreement (PLM Equipment Growth Fund V)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify the forthwith give notice of such determination to Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 5 contracts

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.), Credit Agreement (Rentech Nitrogen Partners, L.P.), Credit Agreement (Rentech Nitrogen Partners, L.P.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, notwithstanding anything to the contrary herein, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 4 contracts

Samples: Forbearance Agreement and First Amendment to Amended and Restated Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.), Credit Agreement (Spinal Elements Holdings, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower forthwith give notice of such determination to Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans Loans, as the case may be, hereunder shall be suspended until the Agent Agent, upon instruction from Requisite Lenders, revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itsubmitted. If the a Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Prime Rate Loans instead of LIBOR Rate Loans, as the case may be.

Appears in 4 contracts

Samples: Warehousing Credit Agreement (PLM Equipment Growth Fund V), Warehousing Credit Agreement (PLM Equipment Growth Fund Iii), Warehousing Credit Agreement (PLM Equipment Growth Fund Vi)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 4 contracts

Samples: Credit Agreement (International Textile Group Inc), Credit Agreement (International Textile Group Inc), Credit Agreement (International Textile Group Inc)

Inability to Determine Rates. If the Applicable Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Applicable Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Applicable Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itthem. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 4 contracts

Samples: Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.), Credit Agreement (SelectQuote, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 4 contracts

Samples: Credit Agreement (Constellium N.V.), Credit Agreement (Constellium N.V.), Credit Agreement (Diplomat Pharmacy, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 4 contracts

Samples: Credit Agreement (Unifi Inc), Credit Agreement (Unifi Inc), Credit Agreement (Unova Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Banks of funding such Loan, the Agent will promptly so notify the Borrower and each LenderBank. Thereafter, the obligation of the Lenders Banks to make or maintain LIBOR Rate Loans Loans, hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders Banks shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Prime Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp), Credit Agreement (Gentle Dental Service Corp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

Inability to Determine Rates. If the US Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the US Agent will promptly so notify forthwith give notice of such determination to the US Borrower and each US Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the US Agent revokes such notice in writing. Upon receipt of such notice, the US Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the US Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the US Borrower, in the amount specified in the applicable notice submitted by the US Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Thermon Holding Corp.), Credit Agreement (Thermon Holding Corp.), Credit Agreement (Thermon Holding Corp.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.5(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing Revolving Credit Advance or Notice of Conversion/Continuation - LIBOR then submitted by it. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as US Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Logistics, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Panther Expedited Services, Inc.), Credit Agreement (Panther Expedited Services, Inc.), Credit Agreement (Brickman Group LTD)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such LIBOR Rate Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: First Lien Revolving Credit Agreement (GSE Holding, Inc.), First Lien Revolving Credit Agreement (GSE Holding, Inc.), First Lien Credit Agreement (GSE Holding, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR LIBO Rate applicable pursuant to Section 2.09(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the such Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Company and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Company may revoke any Borrowing Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Company does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerCompany, in the amount specified in the applicable notice submitted by the BorrowerCompany, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Apartment Investment & Management Co), Revolving Credit Agreement (Apartment Investment & Management Co), Credit Agreement (Apartment Investment & Management Co)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers’ Agent and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itany Borrower. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit and Security Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc), Credit Agreement (PSS World Medical Inc)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 2.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Rimini Street, Inc.), Credit Agreement (Rimini Street, Inc.), Credit Agreement (Addus HomeCare Corp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Igi Laboratories, Inc), Credit Agreement (NxStage Medical, Inc.), Credit Agreement (Furniture Brands International Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Revolving Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Rate Revolving Loans.

Appears in 3 contracts

Samples: Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.), Loan and Security Agreement (Regional Management Corp.)

Inability to Determine Rates. If the Agent any Bank determines that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 2.8.1 for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders such Bank of funding such Loan, such Bank will forthwith give notice of such determination to the Agent will promptly so notify Company through the Borrower and each LenderAdministrative Agent. Thereafter, the obligation of the Lenders such Bank to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent such Bank revokes such notice in writing. Upon receipt of such notice, the Borrower Company may revoke any Borrowing Notice of Borrowing or Notice of Conversion/Continuation Notice then submitted by it. If the Borrower Company does not revoke such Noticenotice, the Lenders affected Bank shall make, convert or continue the Loans, as proposed by the BorrowerCompany, in the amount specified in the applicable notice submitted by the BorrowerCompany, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (Bedford Property Investors Inc/Md), Unsecured Credit Agreement (Bedford Property Investors Inc/Md), Unsecured Credit Agreement (Bedford Property Investors Inc/Md)

Inability to Determine Rates. If before the commencement of any Interest Period for any LIBOR Loan Borrowing the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Adjusted LIBO Rate for any requested Interest Period with respect to a proposed any LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LoanLoans, the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain continue LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes notifies the Borrower and the Lenders that the circumstances giving rise to such notice in writingno longer exists. Upon receipt the delivery of such notice, (a) the Borrower may revoke any Notice pending Borrowing Request or Conversion Request or notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If continuation and (b) if the Borrower does not revoke such NoticeBorrowing Request, Conversion Request or notice, then the Lenders shall make, convert Convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted Converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 3 contracts

Samples: Credit Agreement (NRG Yield, Inc.), Credit Agreement, Credit Agreement (NRG Yieldco, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Esquire Communications LTD), Credit Agreement (Esquire Communications LTD)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify the forthwith give notice of such determination to Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.), Credit Agreement (Rentech Nitrogen Partners, L.P.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest LIBOR Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.5(a) for any requested Interest LIBOR Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation - LIBOR then submitted by it. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as US Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Rand Logistics, Inc.), Term Loan Credit Agreement (Rand Logistics, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Applica Inc), Credit Agreement (Leapfrog Enterprises Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers’ Agent and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itany Borrower. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the applicable Borrower, in the amount specified in the applicable notice submitted by the applicable Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Caraustar Industries Inc), Credit Agreement (Caraustar Industries Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the relevant Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itsuch Borrower. If the such Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Trend Lines Inc), Loan and Security Agreement (Trend Lines Inc)

Inability to Determine Rates. If the Agent reasonably determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Saks Inc), Credit Agreement (Saks Inc)

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan, Loan or that the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBO Rate Loan, the Administrative Agent will promptly so notify the Borrower and each LenderLender thereof. Thereafter, the obligation of the Lenders to make or maintain LIBOR LIBO Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing Request or Notice of Conversion/Continuation Interest Election Request then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate ABR Loans instead of LIBOR LIBO Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Victory Capital Holdings, Inc.), Credit Agreement (Cowen Inc.)

Inability to Determine Rates. If the Administrative Agent reasonably determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the 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 LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Kforce Com Inc), Credit Agreement (Kforce Com Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Authorized Representative on behalf of the Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Spiegel Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBOR Rate Loan, the Agent will promptly so notify the Borrower Parent and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Conversion then submitted by them. If the Borrowers do not revoke such Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue that portion of the LoansTerm Loan that is the subject of such Notice of Conversion, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans portion of the Term Loan shall be made, converted or continued maintained as a Base Rate Loans Loan instead of a LIBOR Rate LoansLoan.

Appears in 2 contracts

Samples: Loan Agreement (Unova Inc), Loan Agreement (Unitrin Inc)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Cryolife Inc), Credit Agreement (Cryolife Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate applicable pursuant to Section 2.09(b) for any requested Applicable Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders any Lender of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders such Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any applicable Required Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke any such Noticenotice, the Lenders such Lender shall make, convert or continue the Loans, as proposed by the Borrowerany such Committed Loans bearing interest at a LIBOR Rate, in the amount specified in the applicable notice submitted by the Borrower, but such LIBOR Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Extended Revolving Credit Agreement (Costco Wholesale Corp /New), Short Term Revolving Credit Agreement (Costco Wholesale Corp /New)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or LIR Loan or that the LIBOR Rate applicable pursuant to Section 1.5 for any requested Interest Period with respect to a proposed LIBOR Rate Loan or LIR Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans or LIR Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Revolving Loan Facility Credit Agreement (Charah Solutions, Inc.), Credit Agreement (Charah Solutions, Inc.)

Inability to Determine Rates. If the Agent any Lender determines that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 2.9.1 for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders such Lender of funding such Loan, such Lender will forthwith give notice of such determination to Borrower through the Agent will promptly so notify the Borrower and each LenderAdministrative Agent. Thereafter, the obligation of the Lenders such Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent such Lender revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Borrowing Notice of Borrowing or Notice of Conversion/Continuation Notice then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders affected Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Property Trust Inc), Revolving Credit Agreement (Essex Portfolio Lp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 2.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or a Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Hemisphere Media Group, Inc.), Credit Agreement (Hemisphere Media Group, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation Continuation/ Conversion then submitted by itthe Borrower. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (WII Components, Inc.), Credit Agreement (PrimeWood, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Revolving Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Rate Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Alon USA Energy, Inc.), Credit Agreement (Alon USA Energy, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (True Temper Sports Inc), Credit Agreement (Life Time Fitness Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate applicable pursuant to Subsection 2.10(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke without cost or penalty any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itthem. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but and such Loans shall be made, converted or continued as Base Rate Loans instead of Daily One-Month LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (North American Galvanizing & Coatings Inc), Credit Agreement (North American Galvanizing & Coatings Inc)

Inability to Determine Rates. If the Agent determines or Required Lenders shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent (either individually or upon direction of Required Lenders) will promptly so notify the forthwith give notice of such determination to Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes (individually or upon direction of Required Lenders) revoke such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Jakks Pacific Inc), Credit Agreement (Jakks Pacific Inc)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation Continuation/ Conversion then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Banctec Inc), Credit Agreement (CSAV Holding Corp.)

Inability to Determine Rates. If the Agent any Bank determines that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 2.9.1 for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders such Bank of funding such Loan, such Bank will forthwith give notice of such determination to the Agent will promptly so notify Company through the Borrower and each LenderAdministrative Agent. Thereafter, the obligation of the Lenders such Bank to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent such Bank revokes such notice in writing. Upon receipt of such notice, the Borrower Company may revoke any Borrowing Notice of Borrowing or Notice of Conversion/Continuation Notice then submitted by it. If the Borrower Company does not revoke such Noticenotice, the Lenders affected Bank shall make, convert or continue the Loans, as proposed by the BorrowerCompany, in the amount specified in the applicable notice submitted by the BorrowerCompany, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Bedford Property Investors Inc/Md), Credit Agreement (Bedford Property Investors Inc/Md)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Charah Solutions, Inc.), Credit Agreement (Charah Solutions, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate applicable pursuant to Section 2.8(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders any Lender of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Interest Rate Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Cavanaughs Hospitality Corp), Credit Agreement (Cavanaughs Hospitality Corp)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may may, notwithstanding any other provision herein to the contrary, revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the each Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the any Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hills Stores Co /De/), Loan and Security Agreement (Hills Stores Co /De/)

Inability to Determine Rates. If the Administrative Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Administrative Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Axiall Corp/De/), Credit Agreement (Axiall Corp/De/)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Term Loan Agreement (Salton Inc), Term Loan Agreement (Harbinger Capital Partners Master Fund I, Ltd.)

Inability to Determine Rates. If the Applicable Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Applicable Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Applicable Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Truck Hero, Inc.), Credit Agreement (TA THI Parent, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.), Credit Agreement (Lulu's Fashion Lounge Holdings, Inc.)

Inability to Determine Rates. If the Administrative Agent reasonably determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the any Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the no Borrower does not revoke revokes such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Kforce Inc), Credit Agreement (Kforce Inc)

Inability to Determine Rates. If the Agent any Lender determines that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 2.9.1 for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders such Lender of funding such Loan, the Agent such Lender will promptly so notify the forthwith give notice of such determination to Borrower and each Lenderthrough Administrative Agent. Thereafter, the obligation of the Lenders such Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent such Lender revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders affected Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex Property Trust Inc), Revolving Credit Agreement (Essex Portfolio Lp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain such LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation Continuation/ Conversion then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Banctec Inc), Credit Agreement (Banctec Inc)

AutoNDA by SimpleDocs

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Revolving Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Rate Revolving Loans.

Appears in 1 contract

Samples: Post Petition Credit Agreement (Westpoint Stevens Inc)

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or the Majority Lenders advise the Administrative Agent that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the applicable Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Foamex L P)

Inability to Determine Rates. If the Agent Lender determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent will promptly Lender shall so notify the Borrower and each LenderBorrowers' Agent. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers' Agent may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Borrowers' Agent does not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers' Agent, in the amount specified in the applicable notice submitted by the BorrowerBorrowers' Agent, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Option Care Inc/De)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBOR Revolving Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Revolving Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Conversion/ Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Revolving Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Revolving Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Rate Revolving Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Consolidated Freightways Corp)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such noticea notice pursuant to the first sentence of this Section, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itany of them. If the Borrower does Borrowers do not revoke any such NoticeNotice of Borrowing or Notice of Continuation/Conversion, the Lenders shall make, convert convert, or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the a Borrower, but such Loans shall be made, converted converted, or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Imperial Sugar Co /New/)

Inability to Determine Rates. If the Agent reasonably determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate applicable pursuant to subsection 2.8(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing, which it shall do promptly when possible. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Amazon Com Inc)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such LIBOR Rate Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Term Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Term Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Second Lien Credit Agreement (GSE Holding, Inc.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate LoanAdvance, or that the LIBOR Rate applicable pursuant to Section 2.7 for any requested Interest Period with respect to a proposed LIBOR Rate Loan Advance does not adequately and fairly reflect the cost to the Lenders Banks of funding such LoanAdvance, the Agent will promptly so notify the Borrower Company and each LenderBank. Thereafter, the obligation of the Lenders Banks to make or maintain LIBOR Rate Loans Advances hereunder shall be suspended until the Agent upon the instruction of the Required Banks revokes such notice in writingwriting (which instruction each Bank agrees to give promptly upon the circumstances described in this Section 3.5 ceasing to exist). Upon receipt of such notice, the Borrower Company may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If , and, if the Borrower does not revoke such NoticeCompany or the Trustee has submitted a Notice of Borrowing requesting LIBOR Advances, the Lenders Banks shall make, convert or continue the Loans, as proposed by the Borrower, make such Advances in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued Notice of Borrowing as Base Rate Loans Advances instead of LIBOR Rate LoansAdvances.

Appears in 1 contract

Samples: Credit Agreement (Maxxam Inc)

Inability to Determine Rates. If the Agent determines Lender shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 2.3.1 for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding 72 82 such Loan, the Agent Lender will promptly so notify the Borrower and each Lenderforthwith give notice of such determination to Borrowers. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan Agreement (Infocure Corp)

Inability to Determine Rates. If the Agent Lender determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate Revolving for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate Revolving for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent Lender will promptly so notify the Borrower and each LenderBorrowers. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerprobe Corp)

Inability to Determine Rates. If the Agent Lender determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent Lender will promptly so notify the Borrower and each Lenderrequesting the LIBOR Rate Loan. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the such Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the such Borrower does not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (California Microwave Inc)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify the forthwith give notice of such determination to Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Ignite Restaurant Group, Inc.)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to Section 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert convert, or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted converted, or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Nobilis Health Corp.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of Conversion/Continuation Continuation/ Conversion then submitted by itthe Administrative Borrower, on behalf of the Borrowers. If the Borrower does Borrowers do not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the Administrative Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Andrx Corp /De/)

Inability to Determine Rates. If any Bank or the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan, Loan or that the LIBOR LIBO Rate applicable for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan does not adequately and fairly reflect the cost to the Lenders such Banks of funding such Loan, the Agent will promptly so notify the Borrower Company and each LenderBank. Thereafter, the obligation of the Lenders Banks to make or maintain LIBOR LIBO Rate Loans hereunder shall be suspended until the Agent upon the instruction of the Majority Banks revokes such notice in writing. Upon receipt of such notice, the Borrower Company may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Company does not revoke such Notice, the Lenders Banks shall make, convert or continue the Loans, as proposed by the BorrowerCompany, in the amount specified in the applicable notice submitted by the BorrowerCompany, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR LIBO Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Midway Games Inc)

Inability to Determine Rates. If the Agent Lender in its reasonable judgment determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate applicable pursuant to Subsection 2.08(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent Lender will promptly so notify the Borrower and each LenderBorrower. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Telvent Git S A)

Inability to Determine Rates. If the Lenders' Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Lenders' Agent will promptly shall so notify the Borrower and each LenderBorrowers' Agent. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Lenders' Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers' Agent may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Borrowers' Agent does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers' Agent, in the amount specified in the applicable notice submitted by the BorrowerBorrowers' Agent, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Option Care Inc/De)

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan, Loan or that the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such LIBO Rate Loan, the Administrative Agent will promptly so notify the Borrower and each LenderLender thereof. Thereafter, the obligation of the Lenders to make or maintain LIBOR LIBO Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing Request or Notice of Conversion/Continuation Interest Election Request then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate ABR Loans instead of LIBOR LIBO Rate Loans.. 110

Appears in 1 contract

Samples: Credit Agreement (Victory Capital Holdings, Inc.)

Inability to Determine Rates. If If, the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower Representative does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (W R Grace & Co)

Inability to Determine Rates. If the Agent determines that for any ---------------------------- reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower ABT and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower ABT may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower ABT does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerABT, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Agribiotech Inc)

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan, or that the LIBOR LIBO Rate applicable for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan does not adequately and fairly reflect the cost to the 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 LIBOR LIBO Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation Advance Request then submitted by it. If the Borrower does not revoke such NoticeAdvance Request, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice Advance Request submitted by the Borrower, but such Loans shall be made, converted or continued as Alternate Base Rate Loans instead of LIBOR LIBO Rate Loans.

Appears in 1 contract

Samples: Reducing Revolving Loan Agreement (Grand Casinos Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the any Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the applicable Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Worldtex Inc)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate applicable for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until Agent upon the Agent instruction of the Majority Lenders revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Royal Hawaiian Orchards, L.P.)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Revolving Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Revolving Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Revolving Loans instead of LIBOR Rate Revolving Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Gt Bicycles Inc)

Inability to Determine Rates. If the Requisite Lenders shall have advised the Agent determines of the Requisite Lenders' determination that for any reason adequate and reasonable means do not exist for determining the ascertaining Adjusted LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the Adjusted LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders such Lender of funding such Loan, the Administrative Agent will promptly so notify forthwith give notice of such determination to the Borrower and each LenderCompany. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans Loans, as the case may be, hereunder shall be suspended until the Agent revokes Requisite Lenders revoke such notice in writingwriting to the Company and the Administrative Agent; provided, however, that no outstanding LIBOR Loan shall be terminated prior to the expiration of the Interest Period unless required by law. Upon receipt of such notice, the Borrower Company may revoke any Notice Request for Extension of Borrowing or Notice of Conversion/Continuation Credit then submitted by it. If the Borrower Company does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, any LIBOR Loans requested in the amount specified in the applicable such notice submitted by the Borrower, but such Loans shall be made, converted Converted or continued Continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Science Applications International Corp)

Inability to Determine Rates. If the Agent Lender determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent Lender will promptly so notify the Borrower and each LenderBorrowers. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does Borrowers do not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Remedytemp Inc)

Inability to Determine Rates. If If, prior to the first day of any Interest Period, the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower Representative does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrower Representative, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Owens Corning)

Inability to Determine Rates. If the Agent determines Banks determine that for any ---------------------------- reason adequate and reasonable means do not exist for determining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR LIBO Rate Loan, or that the LIBOR LIBO Rate applicable pursuant to subsection 2.6(a) for any requested ----------------- Interest Period with respect to a proposed LIBOR LIBO Rate Loan does not adequately and fairly reflect the cost to the Lenders any Bank of funding such Loan, the Agent Banks will promptly so notify the Borrower and each LenderBorrower. Thereafter, the obligation of the Lenders Banks to make or maintain LIBOR LIBO Rate Loans hereunder shall be suspended until the Agent revokes Banks revoke such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders Banks shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR LIBO Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Montgomery Ward Holding Corp)

Inability to Determine Rates. If the Agent determines shall have determined that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR LIBO Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR LIBO Rate applicable pursuant to Section 2.9(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the forthwith give notice of such determination to Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Borrowing Notice of Borrowing or Notice of Conversion/Continuation Notice then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Apartment Investment & Management Co)

Inability to Determine Rates. If the Agent determines or Required Lenders shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding or maintaining such Loan, the Agent (either individually or upon direction of Required Lenders) will promptly so notify the forthwith give notice of such determination to Borrower Representative and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent (individually or upon direction of Required Lenders) revokes such notice in writing. Upon receipt of such notice, the Borrower Representative may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower Representative does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the BorrowerBorrower Representative, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Symmetry Surgical Inc.)

Inability to Determine Rates. If the Agent Lender determines that that, for any reason reason, adequate and reasonable means do not exist for determining the Adjusted LIBOR Rate for any requested LIBOR Interest Period with respect to a proposed LIBOR Rate Loan, or that the Adjusted LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such LIBOR Rate Loan, the Agent Lender will promptly so notify the Borrower and each LenderBorrower. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writingnotice. Upon receipt of such notice, the Borrower may revoke any pending Notice of Borrowing or or, failing that, will be deemed to have converted such Notice of Conversion/Continuation then submitted by it. If Borrowing into a request for a Notice of Borrowing that is based upon the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, Base Rate in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loanstherein.

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such noticea notice pursuant to the first sentence of this Section, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itany of them. If the Borrower does Borrowers do not revoke such NoticeNotice of Borrowing or Notice of Continuation/Conversion, the Lenders shall make, convert convert, or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the a Borrower, but such Loans shall be made, converted converted, or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Egl Inc)

Inability to Determine Rates. If the Agent determines that for any ---------------------------- reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Banks of funding such Loan, the Agent will promptly so notify the Borrower and each LenderBank. Thereafter, the obligation of the Lenders Banks to make or maintain continue LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders Banks shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Loehmanns Inc)

Inability to Determine Rates. If the Administrative Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Administrative Agent revokes such notice in writing. Upon receipt of such notice, the Borrower Borrowers may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by itthem. If the Borrower does Borrowers do not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the BorrowerBorrowers, in the amount specified in the applicable notice submitted by the BorrowerBorrowers, but such Loans shall be made, converted or continued as Base Rate Loans denominated in Dollars instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Unifrax Investment Corp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 2.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Ute Energy Upstream Holdings LLC)

Inability to Determine Rates. If the Agent determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower Borrowers and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the any Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the applicable Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the such Borrower, in the amount specified in the applicable notice submitted by the such Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Eftc Corp/)

Inability to Determine Rates. If the Agent Lender determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders Lender of funding such Loan, the Agent Lender will promptly so notify the Borrower and each LenderBorrower. Thereafter, the obligation of the Lenders Lender to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent Lender revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by itthe Borrower. If the Borrower does not revoke such Notice, the Lenders Lender shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Reference Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Cosmetic Center Inc)

Inability to Determine Rates. If the Agent reasonably determines that for any reason adequate and reasonable means do not exist for determining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, or that the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of Conversion/Continuation then submitted by it. If the Borrower does not revoke such Notice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Revlon Consumer Products Corp)

Inability to Determine Rates. If the Agent determines shall have determined in good faith that for any reason adequate and reasonable means do not exist for determining ascertaining the LIBOR Rate for any requested Interest Period with respect to a proposed LIBOR Rate Loan, Loan or that the LIBOR Rate applicable pursuant to subsection 1.3(a) for any requested Interest Period with respect to a proposed LIBOR Rate Loan does not adequately and fairly reflect the cost to the Lenders of funding such Loan, the Agent will promptly so notify forthwith give notice of such determination to the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain LIBOR Rate Loans hereunder shall be suspended until the Agent revokes such notice in writing. Upon receipt of such notice, the Borrower may revoke any Notice of Borrowing or Notice of ConversionContinuation/Continuation Conversion then submitted by it. If the Borrower does not revoke such Noticenotice, the Lenders shall make, convert or continue the Loans, as proposed by the Borrower, in the amount specified in the applicable notice submitted by the Borrower, but such Loans shall be made, converted into or continued as Base Rate Loans instead of LIBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Brickman Group LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!