Inability to Determine Relevant Rates for Alternative Currencies; Successor Rates Sample Clauses
Inability to Determine Relevant Rates for Alternative Currencies; Successor Rates. (a) If in connection with any request for an Alternative Currency Loan or a continuation thereof, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) no Alternative Currency Successor Rate for the applicable Relevant Rate has been determined in accordance with Section 8.02(b) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (B) adequate and reasonable means do not exist for determining the applicable Relevant Rate for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Alternative Currency Loan or (ii) the Administrative Agent or the Required Lenders determine that for any reason the applicable Relevant Rate for any determination date(s) or requested Interest Period, as applicable, with respect to a proposed Alternative Currency Loan does not adequately and fairly reflect the cost to such Lenders of funding such Alternative Currency Loan, the Administrative Agent will promptly so notify the applicable Borrower and each Lender. Thereafter, the obligation of the Lenders to make or maintain such Alternative Currency Loans shall be suspended (to the extent of the affected Alternative Currency Loan, Interest Periods or determination date(s), as applicable), unless and until the Administrative Agent (or, in the case of a determination by the Required Lenders described in this clause (ii) of Section 8.02(a), until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, (1) such Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of the applicable Alternative Currency Loans (to the extent of the affected Alternative Currency Loans, Interest Periods or determination date(s), as applicable) and (2) any outstanding affected Alternative Currency Loans shall, at the Company’s election, either be (I) converted to Base Rate Loans denominated in Dollars in the Dollar Amount of the amount of such outstanding Alternative Currency Loans, with such conversion to happen immediately in the case of Alternative Currency Daily Rate Loans, or at the end of the applicable Interest Period in the case of Alternative Currency Term Rate Loans, or (II) prepaid in full immediately in the case of Alternative Currency Daily Rate Loans, or at the end of the applicable Interest Period in the case of Alternative Currency Term Rate Loans...
