Common use of Laws Affecting LIBO Rate Availability Clause in Contracts

Laws Affecting LIBO Rate Availability. If, after the date hereof, the introduction of, or any change in, any Governmental Requirement or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective lending offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective lending offices) to honor its obligations hereunder to make or maintain any Eurodollar Loan, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make Eurodollar Loans, and the right of the Borrower to convert any Loan to a Eurodollar Loan or continue any Loan as a Eurodollar Loan shall be suspended (the “Affected Loans”) and thereafter the Borrower may select only ABR Loans and (ii) if any of the Lenders may not lawfully continue to maintain an Affected Loan to the end of the then current Interest Period applicable thereto, the applicable Affected Loan shall immediately be converted to an ABR Loan for the remainder of such Interest Period.

Laws Affecting LIBO Rate Availability. If, after the date hereof, the introduction of, or any change in, any Governmental Requirement Applicable Law or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective lending officesLending Offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective lending officesLending Offices) to honor its obligations hereunder to make or maintain any Eurodollar Loan, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make Eurodollar Loans, and the right of the Borrower to convert any Loan to a Eurodollar Loan or continue any Loan as a Eurodollar Loan shall be suspended (the “Affected Loans”) and thereafter the Borrower may select only ABR Base Rate Loans and (ii) if any of the Lenders may not lawfully continue to maintain an Affected a Eurodollar Loan to the end of the then current Interest Period applicable thereto, the applicable Affected Loan shall immediately be converted to an ABR a Base Rate Loan for the remainder of such Interest Period.

Laws Affecting LIBO Rate Availability. If, after the date hereof, the introduction of, or any change in, any Governmental Requirement applicable law or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective lending offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective lending offices) to honor its obligations hereunder to make or maintain any Eurodollar Eurocurrency Loan, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make Eurodollar Eurocurrency Loans, and the right of the Borrower to convert any Loan to a Eurodollar Eurocurrency Loan or continue any Loan as a Eurodollar Eurocurrency Loan shall be suspended (the “Affected Loans”) and thereafter the Borrower may select only ABR Loans and (ii) if any of the Lenders may not lawfully continue to maintain an Affected a Eurocurrency Loan to the end of the then current Interest Period applicable thereto, the applicable Affected Loan shall immediately be converted to an ABR Loan for the remainder of such Interest Period.

Laws Affecting LIBO Rate Availability. If, after the date hereofhereof and prior to the occurrence of a Benchmark Transition Event or an Early Opt-in Election, the introduction of, or any change in, any Governmental Requirement applicable law or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective lending offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective lending offices) to honor its obligations hereunder to make or maintain any Eurodollar LoanBorrowing, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make Eurodollar LoansBorrowings, and the right of the Borrower to convert any Loan to a Eurodollar Loan Borrowing or continue any Loan as a Eurodollar Loan Borrowing shall be suspended (the “Affected Loans”) and thereafter the Borrower may select only ABR Loans Borrowings and (ii) if any of the Lenders may not lawfully continue to maintain an Affected Loan a Eurodollar Borrowing to the end of the then current Interest Period applicable thereto, the applicable Affected Loan shall immediately be converted to an ABR Loan Borrowing for the remainder of such Interest Period.

Laws Affecting LIBO Rate Availability. If, after the date hereof, the introduction of, or any change in, any Governmental Requirement applicable law or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective lending officesLending Offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective lending officesLending Offices) to honor its obligations hereunder to make or maintain any Eurodollar Loan, such Lender shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) the obligations of the Lenders to make Eurodollar Loans, and the right of the Borrower to convert any Loan to a Eurodollar Loan or continue any Loan as a Eurodollar Loan shall be suspended (the “Affected Loans”) and thereafter the Borrower may select only ABR Loans and (ii) if any of the Lenders may not lawfully continue to maintain an Affected a Eurodollar Loan to the end of the then current Interest Period applicable thereto, the applicable Affected Loan shall immediately be converted to an a ABR Loan for the remainder of such Interest Period.