Common use of INADEQUACY OF EURODOLLAR LOAN PRICING Clause in Contracts

INADEQUACY OF EURODOLLAR LOAN PRICING. If with respect to an Interest Period for any Eurodollar Borrowing: (i) Agent determines that, by reason of circumstances affecting the Interbank Eurodollar market generally, deposits in Dollars (in the applicable amounts) are not being offered to Banks in the Interbank Eurodollar market for such Interest Period, or (ii) Majority Banks advise Agent that the Interbank Offered Rate as determined by Agent will not adequately and fairly reflect the cost to such Banks of maintaining or funding the Eurodollar Borrowing for such Interest Period, then Agent shall forthwith give notice thereof to Borrowers, whereupon, until Agent notifies Borrowers that the circumstances giving rise to such suspension no longer exist, (a) the obligation of Banks to make Eurodollar Advances shall be suspended and (b) Borrowers shall either (i) repay in full the then outstanding principal amount of the Eurodollar Advances, together with accrued interest thereon on the last day of the then current Interest Period applicable to such Eurodollar Advances, or (ii) convert such Eurodollar Advances to Floating Base Advances in accordance with Section 2.02(c) of this Loan Agreement on the last day of the then current Interest Period applicable to each such Eurodollar Advance.

INADEQUACY OF EURODOLLAR LOAN PRICING. If with respect to an any Interest Period for any Eurodollar BorrowingEuro- dollar Loan: A. A Lender determines in good faith (iwhich determination shall be conclusive absent manifest error) Agent determines that, by reason of circumstances affecting the Interbank Eurodollar interbank market generally, deposits in Dollars (in the applicable amounts) are not being offered to Banks the Lender in the Interbank Eurodollar interbank market for such Interest Period, ; or, B. A Lender determines in good faith (iiwhich determination shall be conclusive absent manifest error) Majority Banks advise Agent that (i) the Interbank Offered Adjusted LIBOR Rate as determined by Agent will not adequately and fairly reflect the cost to such Banks the Lender of maintaining or funding the such Eurodollar Borrowing Loan for such Interest Period, then or (ii) reasonable means do not exist for ascertaining the Adjusted LIBOR Rate, then, such Lender shall so notify the Agent and the Agent shall forthwith give notice thereof to the Lenders and the Borrowers, whereupon. Thereafter, until the Agent notifies the Borrowers that the circumstances giving rise to such suspension no longer exist, (ai) the obligation of Banks the Lender to make Eurodollar Advances Loans shall be suspended suspended, and (bii) the Borrowers shall either (ia) repay in full the then outstanding principal amount of the Eurodollar AdvancesLoans, together with accrued interest thereon on the last day of the then current Interest Period applicable to such Eurodollar AdvancesLoans, or (iib) convert such Eurodollar Advances Loans to Floating Alternate Base Advances Rate Loans in accordance with Section 2.02(c5.4.A.(3) of this Loan Agreement and Section 5.4.B.(2) on the last day of the then current Interest Period applicable to each such Eurodollar AdvanceLoan.

INADEQUACY OF EURODOLLAR LOAN PRICING. If with respect to an Interest Period for any Eurodollar Borrowing including a Swing Line Borrowing: (i) Agent determines that, by reason of circumstances affecting the Interbank Eurodollar market generally, deposits in Dollars (in the applicable amounts) are not being offered to Banks in the Interbank Eurodollar market for such Interest Period, or (ii) Majority Banks advise Agent that the Interbank Offered Rate as determined by Agent will not adequately and fairly reflect the cost to such Banks of maintaining or funding the Eurodollar Borrowing for such Interest Period, then Agent shall forthwith give notice thereof to Borrowers, whereupon, until Agent notifies Borrowers that the circumstances giving rise to such suspension no longer exist, (a) the obligation of Banks to make Eurodollar Advances shall be suspended and (b) Borrowers shall either (i) repay in full the then outstanding principal amount of the Eurodollar Advances, together with accrued interest thereon on the last day of the then current Interest Period applicable to such Eurodollar Advances, or (ii) convert such Eurodollar Advances to Floating Base Advances in accordance with Section 2.02(c) of this Loan Agreement on the last day of the then current Interest Period applicable to each such Eurodollar Advance.

INADEQUACY OF EURODOLLAR LOAN PRICING. If with respect to an any Interest Period for any Eurodollar BorrowingEuro-dollar Loan: (i) A. The Agent determines in good faith (which determination shall be conclusive absent manifest error) that, by reason of circumstances affecting the Interbank Eurodollar interbank market generally, deposits in Dollars (in the applicable amounts) are not being offered to Banks the Lenders in the Interbank Eurodollar interbank market for such Interest Period, ; or, B. The Agent determines in good faith (iiwhich determination shall be conclusive absent manifest error) Majority Banks advise Agent that (i) the Interbank Offered Adjusted LIBOR Rate as determined by Agent will not adequately and fairly reflect the cost to such Banks the Lenders of maintaining or funding the such Eurodollar Borrowing Loan for such Interest Period, then or (ii) reasonable means do not exist for ascertaining the Adjusted LIBOR Rate, then, the Agent shall forthwith give notice thereof to the Borrowers, whereupon. Thereafter, until the Agent notifies the Borrowers that the circumstances giving rise to such suspension no longer exist, (ai) the obligation of Banks the Lenders to make Eurodollar Advances Loans shall be suspended suspended, and (bii) the Borrowers shall either (ia) repay in full the then outstanding principal amount of the Eurodollar AdvancesLoans, together with accrued interest thereon on the last day of the then current Interest Period applicable to such Eurodollar AdvancesLoans, or (iib) convert such Eurodollar Advances Loans to Floating Alternate Base Advances Rate Loans in accordance with Section 2.02(c3.2.A.(3) of this Loan Agreement on the last day of the then current Interest Period applicable to each such Eurodollar AdvanceLoan.