Common use of Interest Rate Unascertainable, Inadequate or Unfair Clause in Contracts

Interest Rate Unascertainable, Inadequate or Unfair. In the event that (A) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO Rate is determined or (B) the Required Lenders notify the Administrative Agent that the LIBO Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBO Rate Loans shall be suspended as provided in clause (c) below until, in the case of (A) above, the Administrative Agent shall notify the Borrower that the circumstances causing such suspension no longer exist, or, in the case of (B) above, that it has been notified by the Required Lenders that such circumstances no longer exist.

Interest Rate Unascertainable, Inadequate or Unfair. In the event that (A) the Administrative Agent determines in good faith that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO LIBOR Rate is determined or (B) the Required Lenders determine in good faith and notify the Administrative Agent that the LIBO LIBOR Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBO LIBOR Rate Loans shall be suspended as provided in clause (c) below until, in the case of (A) above, until the Administrative Agent shall notify the Borrower that Required Lenders have determined that the circumstances causing such suspension no longer exist, or, in . The Administrative Agent and each such Lender shall promptly so notify the case of (B) above, that it has been notified by the Required Lenders that Borrower once such circumstances no longer exist; provided that the Administrative Agent shall not be liable as Administrative Agent for any failure to give such notice.

Interest Rate Unascertainable, Inadequate or Unfair. In the event that (Ai) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO Eurodollar Rate is determined or (Bii) the Required Lenders notify the Administrative Agent that the LIBO Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBO Eurodollar Rate Loans shall be suspended as provided in clause (c) below until, in the case of (A) above, until the Administrative Agent shall notify the Borrower that the Required Lenders have determined that the circumstances causing such suspension no longer exist, or, in . The Administrative Agent and the case of (B) above, that it has been notified by Lenders shall promptly so notify the Required Lenders that Borrower once such circumstances no longer exist; provided that the Administrative Agent shall not be liable for any failure to give such notice.

Interest Rate Unascertainable, Inadequate or Unfair. In the event that (A) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO Eurodollar Rate is determined or (B) the Required Lenders notify the Administrative Agent that the LIBO Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBO Eurodollar Rate Loans shall be suspended as provided in clause (c) below until, in the case of (A) above, until the Administrative Agent shall notify the Borrower that the Required Lenders have determined that the circumstances causing such suspension no longer exist, or, in . The Administrative Agent and the case of (B) above, that it has been notified by Lenders shall promptly so notify the Required Lenders that Borrower once such circumstances no longer exist; provided that the Administrative Agent shall not be liable for any failure to give such notice.

Interest Rate Unascertainable, Inadequate or Unfair. In the event that (Ai) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO Eurodollar Rate is determined or (Bii) the Required Lenders notify the Administrative Agent that the LIBO Eurodollar Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such any Revolving Eurodollar Rate Loans for such Interest Period, the Administrative Agent shall promptly so notify the Borrower and the Lenders, whereupon the obligation of each Lender to make or to continue LIBO Eurodollar Rate Loans shall be suspended as provided in clause (c) below until, in the case of (A) above, until the Administrative Agent shall notify the Borrower that the Required Lenders have determined that the circumstances causing such suspension no longer exist, or, in . The Administrative Agent and the case of (B) above, that it has been notified by Lenders shall promptly so notify the Required Lenders that Borrower once such circumstances no longer exist; provided that the Administrative Agent shall not be liable for any failure to give such notice.

Interest Rate Unascertainable, Inadequate or Unfair. In the event that that: (Ax) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the LIBO Rate for any LIBO Rate Loan then being determined is determined to be fixed; or (By) the Required Requisite Lenders notify the Administrative Agent that the LIBO Rate for any Interest Period for any LIBO Rate Loan will not adequately reflect the cost to the Lenders of making or maintaining such Loans Loan for such Interest Period, the Administrative Agent shall promptly forthwith so notify the Borrower and the Lenders, whereupon whereupon: each LIBO Rate Loan will automatically, on the obligation last day of each Lender the current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Lenders to make LIBO Rate Loans or to continue convert Base Rate Loans into LIBO Rate Loans shall be suspended as provided suspended; in clause (c) below until, in the any case of (A) above, until the Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the circumstances causing such suspension no longer exist, or, in the case of (B) above, that it has been notified by the Required Lenders that such circumstances no longer exist.