Common use of Suspension of Loans Clause in Contracts

Suspension of Loans. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any interest rate for any Eurodollar Rate Loan for any Interest Period, the Agent determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that: (a) quotations of interest rates for the relevant deposits referred to in the definition of "Eurodollar Rate" in SECTION 1.1 are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest for such Eurodollar Rate Loan as provided in this Agreement; or (b) the relevant rates of interest referred to in the definition of "Interbank Offered Rate" in SECTION 1.1 upon the basis of which the Eurodollar Rate for such Interest Period is to be determined do not adequately reflect the cost to the Lenders of making or maintaining such Eurodollar Rate Loan for such Interest Period; then the Agent shall give the Authorized Representative prompt notice thereof, and so long as such condition remains in effect, the Lenders shall be under no obligation to make Eurodollar Rate Loans that are subject to such condition, or to convert Base Rate Loans into Eurodollar Rate Loans, and the Borrower shall on the last day(s) of the then current Interest Period(s) for outstanding Eurodollar Rate Loans, as applicable, convert such Eurodollar Rate Loans into another Eurodollar Rate Loan if such Eurodollar Rate Loan is not subject to the same or similar condition, or Base Rate Loans, if available hereunder. The Agent shall give the Authorized Representative notice describing in reasonable detail any event or condition described in this SECTION 5.2 promptly following the determination by the Agent that the availability of Eurodollar Rate Loans is, or is to be, suspended as a result thereof.

Suspension of Loans. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any interest rate for any Eurodollar Rate LIBOR Loan for any Interest Period, the Agent determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that: (a) quotations of interest rates for the relevant deposits referred to in the definition of "Eurodollar LIBOR Rate" in SECTION 1.1 Section 1.01 hereof are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest for such Eurodollar Rate LIBOR Loan as provided in this Agreement; or (b) the relevant rates of interest referred to in the definition of "Interbank Offered Base Rate" in SECTION 1.1 Section 1.01 hereof upon the basis of which the Eurodollar LIBOR Rate for such Interest Period is to be determined do not adequately reflect the cost to the Lenders of making or maintaining such Eurodollar Rate LIBOR Loan for such Interest PeriodPeriod (which determination shall be made on a reasonable basis and in good faith by the Agent, and the Person making such determination shall furnish the Authorized Representative evidence of the facts leading to such determination); then the Agent shall give the Authorized Representative prompt notice thereof, and so long as such condition remains in effect, the Lenders shall be under no obligation to make Eurodollar Rate LIBOR Loans that are subject to such condition, or to convert Base Rate Loans into Eurodollar Rate LIBOR Loans, and the Borrower shall on the last day(s) of the then current Interest Period(s) for outstanding Eurodollar Rate LIBOR Loans, as applicable, convert such Eurodollar Rate LIBOR Loans into another Eurodollar Rate a LIBOR Loan if such Eurodollar Rate LIBOR Loan is not subject to the same or similar conditioncondition and is available hereunder, or Base to Floating Rate Loans, if available hereunder. The Agent shall give the Authorized Representative not less than fifteen (15) days prior notice describing in reasonable detail any event or condition described in this SECTION 5.2 Section 4.02 promptly following the determination by the Agent that the availability of Eurodollar Rate LIBOR Loans is, or is to be, suspended as a result thereof.

Suspension of Loans. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any interest rate for any Eurodollar Rate Loan for any Interest Period, the Agent determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that: (a) quotations of interest rates for the relevant deposits referred to in the definition of "Eurodollar Rate" in SECTION Section 1.1 are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest for such Eurodollar Rate Loan as provided in this Agreement; or (b) the relevant rates of interest referred to in the definition of "Interbank Offered Rate" in SECTION Section 1.1 upon the basis of which the Eurodollar Rate for such Interest Period is to be determined do not adequately reflect the cost to the Lenders of making or maintaining such Eurodollar Rate Loan for such Interest Period; then the Agent shall give the Authorized Representative prompt notice thereof, and so long as such condition remains in effect, the Lenders shall be under no obligation to make Eurodollar Rate Loans that are subject to such condition, or to convert Base Rate Loans into Eurodollar Rate Loans, and the Borrower shall on the last day(s) of the then current Interest Period(s) for outstanding Eurodollar Rate Loans, as applicable, convert such Eurodollar Rate Loans into another Eurodollar Rate Loan if such Eurodollar Rate Loan is not subject to the same or similar condition, or Base Rate Loans, if available hereunder. The Agent shall give the Authorized Representative notice describing in reasonable detail any event or condition described in this SECTION Section 5.2 promptly following the determination by the Agent that the availability of Eurodollar Rate Loans is, or is to be, suspended as a result thereof. The Agent shall give the Authorized Representative notice when such event or condition described in this Section 5.2 no longer remains in effect.

Suspension of Loans. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any interest rate for any Eurodollar LIBOR Rate Loan for any Interest Period, the Agent Lender determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that: (a) quotations of interest rates for the relevant deposits referred to in the definition of "Eurodollar LIBOR Rate" in SECTION 1.1 1.2 are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest for such Eurodollar LIBOR Rate Loan as provided in this Agreement; or (b) the relevant rates of interest referred to in the definition of "Interbank Offered Rate" in SECTION 1.1 1.2 upon the basis of which the Eurodollar LIBOR Rate for such Interest Period is to be determined do not adequately reflect the cost to the Lenders Lender of making or maintaining such Eurodollar LIBOR Rate Loan for such Interest Period; then the Agent Lender shall give the Authorized Representative prompt notice thereof, and so long as such condition remains in effect, the Lenders Lender shall be under no obligation to make Eurodollar LIBOR Rate Loans that are subject to such condition, or to convert Base Rate Loans into Eurodollar LIBOR Rate Loans, and the Borrower shall on the last day(s) of the then current Interest Period(s) for outstanding Eurodollar LIBOR Rate Loans, as applicable, convert such Eurodollar LIBOR Rate Loans into another Eurodollar LIBOR Rate Loan if such Eurodollar LIBOR Rate Loan is not subject to the same or similar condition, or Base Rate Loans, if available hereunder. The Agent Lender shall give the Authorized Representative notice describing in reasonable detail any event or condition described in this SECTION 5.2 4.2 promptly following the determination by the Agent Lender that the availability of Eurodollar LIBOR Rate Loans is, or is to be, suspended as a result thereof.

Suspension of Loans. Anything herein to the contrary notwithstanding, if, on or prior to the determination of any interest rate for any Eurodollar Rate Loan for any Interest Period, the Agent determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that: (a) quotations of interest rates for the relevant deposits referred to in the definition of "Eurodollar Rate" in SECTION 1.1 are not being provided in the relevant amounts or for the relevant maturities for purposes of determining the rate of interest for such Eurodollar Rate Loan as provided in this Agreement; or (b) the relevant rates of interest referred to in the definition of "Interbank Offered Rate" in SECTION 1.1 upon the basis of which the Eurodollar Rate for such Interest Period is to be determined do not adequately reflect the cost to the Lenders of making or maintaining such Eurodollar Rate Loan for such Interest Period; then the Agent shall give the Authorized Representative prompt notice thereof, and so long as such condition remains in effect, the Lenders shall be under no obligation to make Eurodollar Rate Loans that are subject to such condition, or to convert Base Rate Loans into Eurodollar Rate LoansLoans that are subject to such conditions, and the Borrower shall on the last day(s) of the then current Interest Period(s) for outstanding Eurodollar Rate Loans, as applicable, convert such Eurodollar Rate Loans into another Eurodollar Rate Loan if such Eurodollar Rate Loan is not subject to the same or similar condition, or Base Rate Loans, if available hereunder. The Agent shall give the Authorized Representative notice describing in reasonable detail any event or condition described in this SECTION 5.2 4.2 promptly following the determination by the Agent that the availability of Eurodollar Rate Loans is, or is to be, suspended as a result thereof.