Common use of Interest Rate Not Ascertainable Clause in Contracts

Interest Rate Not Ascertainable. If, due to any circumstance affecting the London interbank market, Agent reasonably determines that adequate and fair means do not exist for ascertaining LIBOR on any applicable date or that any requested Interest Period is not available on the basis provided herein, then Agent shall immediately notify US Borrowers or UK Borrower, as applicable, of such determination and thereafter interest shall be calculated in accordance with the terms sets forth in the definition of LIBOR.

Interest Rate Not Ascertainable. If, due to any circumstance affecting the London interbank market, Agent reasonably determines that adequate and fair means do not exist for ascertaining LIBOR on any applicable date or that any requested Interest Period is not available on the basis provided herein, then Agent shall immediately notify US Borrowers or UK Borrower, as applicable, of such determination and thereafter interest determination. Until Agent notifies Borrowers that such circumstance no longer exists, the obligation of Lenders to make affected LIBOR Loans shall be calculated in accordance with the terms sets forth in the definition of LIBORsuspended and no further Revolver Loans may be converted into or continued as such LIBOR Loans.

Interest Rate Not Ascertainable. If, due to any circumstance affecting the London interbank market, Agent reasonably determines that adequate and fair means do not exist for ascertaining LIBOR LIBO Rate on any applicable date or that any requested Interest Period is not available on the basis provided herein, then Agent shall immediately notify US Borrowers or UK Borrower, as applicable, Borrower of such determination and thereafter determination. Until Agent notifies Borrower that such circumstance no longer exists, the Loans will bear interest shall be calculated in accordance with at the terms sets forth in Base Rate plus the definition of LIBORApplicable Margin.

Interest Rate Not Ascertainable. If, due to any circumstance affecting the London interbank market, Agent reasonably determines that that, on a temporary basis, adequate and fair means do not exist for ascertaining LIBOR on any applicable date or that any requested Interest Period interest period is not available on the basis provided herein, then Agent shall immediately notify US Borrowers or UK Borrower, as applicable, of such determination and thereafter interest determination. Until Agent notifies Borrowers that such circumstance no longer exists, the obligation of Lenders to make affected LIBOR Loans shall be calculated in accordance with the terms sets forth in the definition of LIBOR.suspended. 3.2