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 Loan or Competitive Bid Loan at a Eurodollar Competitive Rate for any Interest Period, the Administrative Agent or, with respect to a Competitive Bid Loan at the Eurodollar Competitive Rate, any Lender determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that:

Appears in 2 contracts

Samples: Credit Facilities and Reimbursement Agreement (Republic Industries Inc), Credit Facilities and Reimbursement Agreement (Autonation Inc /Fl)

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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 or Competitive Bid Floating Eurodollar Rate Swing Line Loan at a Eurodollar Competitive Rate for any Interest Period, the Administrative Agent or, with respect to a Competitive Bid Loan at the Eurodollar Competitive Rate, any Lender determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that:

Appears in 1 contract

Samples: Credit Agreement (Giant Cement Holding Inc)

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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 or Competitive Bid Eurodollar Market Loan at a Eurodollar Competitive Rate for any Interest Period, the Administrative Agent or, with respect to a Competitive Bid Loan at the Eurodollar Competitive Rate, any Lender determines (which determination made on a reasonable basis shall be conclusive absent manifest error) that:

Appears in 1 contract

Samples: Credit Agreement (Medpartners Inc)

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