Common use of Market Disruption Respecting Libor Loans Clause in Contracts

Market Disruption Respecting Libor Loans. If at any time subsequent to the giving of a Drawdown Notice, Rollover Notice or Conversion Notice to the Agent by a Borrower with regard to any requested Libor Loan: (a) the Agent (acting reasonably) determines that by reason of circumstances affecting the London interbank market, adequate and fair means do not exist for ascertaining the rate of interest with respect to, or deposits are not available in sufficient amounts in the ordinary course of business at the rate determined hereunder to fund, a requested Libor Loan during the ensuing Interest Period selected; (b) the Agent (acting reasonably) determines that the making or continuing of the requested Libor Loan by the Lenders has been made impracticable by the occurrence of an event which materially adversely affects the London interbank market generally; or

Market Disruption Respecting Libor Loans. If at any time subsequent to the giving of a Drawdown Notice, Rollover Notice or Conversion Notice to the Agent by a the Borrower with regard to any requested Libor Loan: (a) the Agent (acting reasonably) determines that by reason of circumstances affecting the London interbank market, adequate and fair means do not exist for ascertaining the rate of interest with respect to, or deposits are not available in sufficient amounts in the ordinary course of business at the rate determined hereunder to fund, a requested Libor Loan during the ensuing Interest Period selected; (b) the Agent (acting reasonably) determines that the making or continuing of the requested Libor Loan by the Lenders has been made impracticable by the occurrence of an event which materially adversely affects the London interbank market generally; or