Common use of LIBOR Lending Unlawful Clause in Contracts

LIBOR Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrower and the Agent, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a LIBOR Loan, the obligations of such Lender to make, continue or convert any such LIBOR Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBOR Lending Unlawful. If any the Lender shall determine (which determination shall, upon notice thereof to the Borrower and the AgentBorrower, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such the Lender to make or continue any Loan as, or to convert any Loan into, a LIBOR Loan, the obligations of such the Lender to make, continue or convert any such LIBOR Loan shall, upon such determinationafter the determination thereof, forthwith be suspended until such the Lender shall notify the Agent Borrower that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to such the Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBOR Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrower Borrowers and the Agent, be conclusive and binding on the BorrowerBorrowers) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any Governmental Authority asserts that it is unlawful, for such Lender to make or continue any Loan as, or to convert any Loan into, a LIBOR Loan, the obligations of such Lender to make, continue or convert any such LIBOR Loan shall, upon such determination, forthwith be suspended until such Lender shall notify the Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.

LIBOR Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to the Borrower and the AgentBorrower, be conclusive and binding on the Borrowerparties hereto) that after the Closing Date the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for such Lender to make or continue maintain any Loan as, or to convert any Loan into, Advance as a LIBOR LoanAdvance, (A) the obligations of such Lender to make, continue make or convert maintain any such Advances as LIBOR Loan Advances shall, upon such determination, forthwith be suspended until such Lender shall notify the Agent Borrower that the circumstances causing such cauxxxx xuch suspension no longer exist (and Lender shall give notice if such circumstances no longer exist), and all outstanding LIBOR Loans payable to such Lender shall automatically convert into Base Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, (B) if required by such law or assertion, the existing LIBOR Advances shall automatically convert into Base Rate Advances.

LIBOR Lending Unlawful. If any Lender shall determine (which ---------------------- determination shall, upon notice thereof to the Borrower and the Agent, be conclusive and binding on the Borrower) that the introduction of or any change in or in the interpretation of any law makes it unlawful, or any central bank or other Governmental Authority Body asserts that it is unlawful, for such Lender to make make, continue or continue maintain any Loan loan as, or to convert any Loan loan into, a LIBOR Loan, the obligations of such Lender to make, continue continue, maintain or convert any such LIBOR Loan loans shall, upon such determination, forthwith be suspended until such Lender shall notify the Borrower and Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to such Lender shall automatically convert into Base Floating Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion.