RATE INABILITY; PRICING INADEQUACY. In the event that (a) the Agent or any Lender shall have determined (which determination shall be conclusive and binding) that by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate, or (b) the Agent or any Lender shall have determined that the Eurodollar Rate will not adequately and fairly reflect the cost to the Agent of maintaining or funding Eurodollar Rate Advances, the Agent promptly shall give notice of such determination and the basis therefor to the Company. If such notice is given, and until such notice has been withdrawn by the Agent, no additional Advances which are Eurodollar Rate Advances shall be made and no additional conversions to or continuations of Eurodollar Rate Advances shall be permitted.
Appears in 3 contracts
Samples: Credit, Reimbursement and Security Agreement (Multi Color Corp), Reimbursement and Security Agreement (Multi Color Corp), Credit Agreement (Multi Color Corp)
RATE INABILITY; PRICING INADEQUACY. In the event that (a) the Agent or any Lender shall have determined (which determination shall be conclusive and binding) that by reason of circumstances affecting the interbank eurodollar market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate, or (b) the Agent or any Lender shall have determined that the Eurodollar Rate will not adequately and fairly reflect the cost to the Agent of maintaining or funding Eurodollar Rate Advances, the Agent promptly shall give notice of such determination and the basis therefor to the Company. If such notice is given, and until such notice has been withdrawn by the Agent, no additional Advances which are Eurodollar Rate Advances shall be made and no additional conversions to or continuations of Eurodollar Rate Advances shall be permitted.
Appears in 2 contracts
Samples: Security Agreement (Multi Color Corp), Security Agreement (Multi Color Corp)
