Inability to Participate in Market. If Bank in good faith cannot participate in the Eurodollar market for legal or practical reasons, there shall be no Adjusted LIBOR Rate option. Bank shall notify Borrower of and when it again becomes legal or practical to participate in the Eurodollar market, at which time the Adjusted LIBOR Rate option shall resume being an interest rate option.
Appears in 4 contracts
Samples: Usana Health Sciences Inc, Usana Health Sciences Inc, Revolving Note (Usana Inc)
Inability to Participate in Market. If Bank in good faith cannot participate in the Eurodollar market for legal or practical reasons, there shall be no the Adjusted LIBOR Rate shall cease to be an interest rate option. Bank shall notify Borrower of and when it again becomes legal or practical to participate in the Eurodollar market, at which time the Adjusted LIBOR Rate option shall resume being an interest rate option.
Appears in 1 contract
Samples: Business Loan Agreement (New Ico Global Communications Holdings LTD)
Inability to Participate in Market. If Bank Lender in good faith cannot participate in the Eurodollar market for legal or practical reasons, there the LIBOR Borrowing Rate shall cease to be no Adjusted LIBOR Rate optionan option hereunder. Bank Lender shall notify Borrower of if and when it again becomes legal or practical to participate in the Eurodollar market, at which time the Adjusted LIBOR Borrowing Rate option shall resume being an interest rate option.
Appears in 1 contract
Samples: Loan Agreement (Jones Soda Co)
