Common use of Notification of market disruption Clause in Contracts

Notification of market disruption. The Facility Agent shall promptly notify the Borrowers if: (a) it is unable to determine LIBOR; (b) at least one (1) Business Day before the start of an Interest Period, Lenders having Commitments amounting to more than 50% of the Total Commitments notify the Facility Agent that LIBOR fixed by the Facility Agent would not accurately reflect the cost to those Lenders of funding their respective Ratable Portion (or any part of them) during the Interest Period in the London Interbank Market at or about 11:00 a.m. (London time) on the Quotation Date for the Interest Period; or (c) if for any reason a Lender (the “Affected Lender”) is unable to obtain Dollars in the London Interbank Market in order to fund all or any part of its Ratable Portion of the Advance during any Interest Period, stating the circumstances which have caused such notice to be given.

Notification of market disruption. The Facility Agent shall promptly notify the Borrowers Borrower if: (a) it is unable to determine LIBOR; (b) at least one (1) Business Day before the start of an Interest Period, Lenders having Commitments amounting to more than 50% of the Total Commitments notify the Facility Agent that LIBOR fixed by the Facility Agent would not accurately reflect the cost to those Lenders of funding their respective Ratable Portion (or any part of them) during the Interest Period in the London Interbank Market at or about 11:00 a.m. (London time) on the Quotation Date for the Interest Period; or (c) if for any reason a Lender (the “Affected Lender”) is unable to obtain Dollars in the London Interbank Market in order to fund all or any part of its Ratable Portion of the an Advance or Advances during any Interest Period, stating the circumstances which have caused such notice to be given.