Common use of LIBOR Lending Unlawful Clause in Contracts

LIBOR Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to Borrower and Administrative Agent, be conclusive and binding on the parties 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 maintain any Advance as a LIBOR Advance, (A) the obligations of such Lender to make or maintain any Advances as LIBOR Advances shall, upon such determination, forthwith be suspended until such Lender shall notify Administrative Agent that the circumstances causing such suspension no longer exist (and such Lender shall give notice if such circumstances no longer exist), and (B) if required by such law or assertion, the existing LIBOR Advances of such Lender shall automatically convert into Base Rate Advances.

LIBOR Lending Unlawful. If any Lender shall determine (which determination shall, upon notice thereof to Borrower and Administrative Agent, be conclusive and binding on the parties 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 maintain any Advance portion of the Loan as a LIBOR AdvanceFixed Rate Portion, (A) the obligations of such Lender to make or maintain any Advances portion of the Loan as LIBOR Advances Fixed Rate Portions shall, upon such determination, forthwith be suspended until such Lender shall notify Administrative Agent that the circumstances causing such suspension no longer exist (and such Lender shall give notice if such circumstances no longer exist), and (B) if required by such law or assertion, the existing LIBOR Advances Fixed Rate Portions of such Lender shall automatically convert into Base Rate AdvancesPortions.

LIBOR Lending Unlawful. If any Lender shall determine in its ---------------------- reasonable discretion (which determination shall, upon notice thereof to Borrower and Administrative Agent, be conclusive and binding on the parties heretoBorrower) 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 Body asserts that it is unlawful, for such Lender to make make, continue or maintain any Advance as loan as, or to convert any loan into, a LIBOR AdvanceLoan, (A) the obligations of such Lender to make make, continue, maintain or maintain convert any Advances as LIBOR Advances such loans shall, upon such determination, forthwith be suspended until such Lender shall notify Administrative Borrower and Agent that the circumstances causing such suspension no longer exist (and such Lender shall give notice if such circumstances no longer exist), and (B) all LIBOR Loans shall automatically convert into Floating Rate Loans at the end of the then current Interest Periods with respect thereto or sooner, if required by such law or assertion, the existing LIBOR Advances of such Lender shall automatically convert into Base Rate Advances.