Termination of LIBOR Loans. 3.10.1 If at any time a Lender determines, acting reasonably (which determination shall be conclusive and binding on the Borrower), that:
Termination of LIBOR Loans. (a) Benchmark Replacement Notwithstanding anything to the contrary herein, if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (i) or (ii) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement, and (y) if a Benchmark Replacement is determined in accordance with clause (iii) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of any Benchmark setting at or after 5:00 p.m. (Toronto time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement so long as the Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Majority Lenders.
Termination of LIBOR Loans. If, with respect to any LIBOR Loan requested, the Administrative Agent or (except as provided in (e) below) any Lender determines in good faith and acting reasonably which determination shall be final, conclusive and binding upon the Borrower that:
Termination of LIBOR Loans. Notwithstanding anything contained in the Credit Agreement to the contrary, the Borrowers agree that, subsequent to the date hereof, they shall not be entitled to request LIBOR Loans and that upon the expiration of the Interest Period for each LIBOR Loan outstanding on the date of this Agreement, each such LIBOR Loan shall be deemed automatically converted to a Loan bearing interest per annum at the Variable Rate plus the Margin.
Termination of LIBOR Loans. Without limiting the effect of the foregoing provisions of this Section 2.7, in the event that, by reason of any Regulatory Change, Lender either (i) incurs Additional Costs based on or measured by the excess above a specified level of the amount of a category of deposits or other liabilities of the Lender which includes deposits by reference to which the interest rate on LIBOR Loans is determined as provided in this Agreement or a category of extensions of credit or other assets of Lender which includes LIBOR Loans or (ii) becomes subject to restrictions on the amount of such a category of liabilities or assets which it may hold, then, if the Lender so elects, the obligation of Lender to make LIBOR Loans hereunder shall be suspended until the date such Regulatory Change ceases to be in effect and the Borrower shall, on the last day(s) of the then current Interest Period(s) for outstanding LIBOR Loans, convert such LIBOR Loans into Base Rate Loans in accordance with this Agreement.
