Common use of Suspension of Eurodollar Rate Advances Clause in Contracts

Suspension of Eurodollar Rate Advances. If, with respect to any Eurodollar Rate Advances, the Requisite Lenders notify the Agent that either (i) the Eurodollar Rate for any Interest Period for such Eurodollar Rate Advances is at least two basis points less than the cost to such Lenders of obtaining funds in Dollars in the London interbank market in the amounts substantially equal to such Lenders' Eurodollar Rate Advances and for a period equal to such Interest Period or (ii) funding is not available to such Lenders in such market in Dollars, then the Agent shall forthwith so notify the Borrower and the Lenders and thereupon (A) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Advance, and (B) the obligation of the Lenders to make or continue, or to convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist.

Suspension of Eurodollar Rate Advances. If, with respect to any Eurodollar Rate AdvancesAdvance, the Requisite Lenders notify Lender determines that, by reason of circumstances affecting the Agent that foreign exchange and interbank markets generally, either (i) the Eurodollar Rate for any Interest Period for such Eurodollar Rate Advances Advance is at least two basis points less than insufficient to cover the cost to such Lenders the Lender of obtaining funds deposits in Dollars eurodollars in the London interbank market in the amounts an amount substantially equal to such Lenders' the Eurodollar Rate Advances Advance and for a period equal to such Interest Period or (ii) funding is deposits are not available to such Lenders the Lender in such market in Dollarseurodollars, then the Agent Lender shall forthwith so notify the Borrower and the Lenders and thereupon (A) each Eurodollar Rate Advance will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Advance, and (B) the obligation of the Lenders Lender to make or continue, or to convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent Lender shall notify the Borrower and the Lenders that the circumstances causing such suspension no longer exist.

Suspension of Eurodollar Rate Advances. If, with respect to any Eurodollar Rate Advances, the Requisite Term Lenders or the Requisite Revolving Lenders, as the case may be, notify the Agent that either (i) the Eurodollar Rate for any Interest Period for such Eurodollar Rate Advances is at least two basis points less than the cost to such Lenders of obtaining funds in Dollars in the London interbank market in the amounts substantially equal to such Lenders' Eurodollar Rate Advances and for a period equal to such Interest Period or (ii) funding is not available to such Lenders in such market in Dollars, then the Agent shall forthwith so notify the Borrower and the such Lenders and thereupon (A) each Eurodollar Rate Advance by such Lenders will automatically, on the last day of the then existing Interest Period therefor, convert into a Base Rate Advance, and (B) the obligation of the such Lenders to make or continue, or to convert Advances into, Eurodollar Rate Advances shall be suspended until the Agent shall notify the Borrower and the such Lenders that the circumstances causing such suspension no longer exist.