Common use of LIBOR Lending Unlawful Clause in Contracts

LIBOR Lending Unlawful. If the Lender shall determine (which determination shall, upon notice thereof to the Borrower, 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 the Lender to make or continue any Loan as, or to convert any Loan into, a LIBOR Loan, the obligations of the Lender to make, continue or convert any such LIBOR Loan shall, after the determination thereof, forthwith be suspended until the Lender shall notify the Borrower that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to 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 the Lender shall determine (which determination shall, upon notice thereof to the Borrower, 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 the Lender to make or continue maintain any Loan as, or to convert any Loan into, Advance as a LIBOR LoanAdvance, (A) the obligations of the Lender to make, continue make or convert maintain any such Advances as LIBOR Loan Advances shall, after the determination thereofupon such determination, forthwith be suspended until the Lender shall notify the 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 the 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. (ii)

LIBOR Lending Unlawful. If the any Lender shall determine (which ---------------------- determination shall, upon notice thereof to the BorrowerBorrower and 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 the 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 the such Lender to make, continue continue, maintain or convert any such LIBOR Loan loans shall, after the determination thereofupon such determination, forthwith be suspended until the Lender shall notify the Borrower and Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to the 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.

LIBOR Lending Unlawful. If the any Lender shall determine (which determination shall, upon notice thereof to the BorrowerBorrowers 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 the such Lender to make or continue any Loan as, or to convert any Loan into, a LIBOR Loan, the obligations of the such Lender to make, continue or convert any such LIBOR Loan shall, after the determination thereofupon such determination, forthwith be suspended until the such Lender shall notify the Borrower Agent that the circumstances causing such suspension no longer exist, and all outstanding LIBOR Loans payable to the 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.