Alternative Interest Rates. (a) If at least two (2) Business Days prior to the commencement of any Interest Period for a Eurodollar Borrowing, the Required Lenders reasonably determine that for any reason, adequate and reasonable means do not exist for determining the Adjusted LIBO Rate for any requested Interest Period with respect to a proposed Eurodollar Loan, or that the Adjusted LIBO Rate for any requested Interest Period with respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or that deposits are not being offered to banks in the relevant interbank market for the applicable amount and the Interest Period of such Eurodollar Loan, the Required Lenders shall notify the Administrative Agent in writing, and thereafter the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Loans shall be suspended and (y) in the event of a determination described in the preceding sentence with respect to the Adjusted LIBO Rate component of the Alternate Base Rate, the utilization of the Adjusted LIBO Rate component in determining the Alternate Base Rate shall be suspended, in each case until the Administrative Agent (upon the written instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of or continuation of Eurodollar Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of ABR Loans (determined without reference to the Adjusted LIBO Rate component thereof) in the amount specified therein; provided, that such ABR Loans will be deemed “Eurodollar Loans” for purposes of Article 2 hereof.
Alternative Interest Rates. 9.01 If the Agent acting reasonably determines that as a result of circumstances applying in the London Interbank Market generally at 11.00 a.m. on the Quotation Date for an Interest Period the Screen Rate is not available and only one or none of the Reference Banks was offering deposits in Sterling to prime banks in the London Interbank Market for the proposed duration of such Interest Period or that otherwise LIBOR cannot be determined or if the Agent shall have received notice from a Bank or Banks whose participations in an Advance constitute at least one-third in aggregate of that Advance that LIBOR does not fully reflect their cost of funding their respective participations in the relevant Advance, then, notwithstanding the provisions of Clauses 7 and 8:
Alternative Interest Rates. 11.1 If, in relation to an Advance at or about 11.00 a.m. on the Quotation Date for an Interest Period in respect of such Advance:
Alternative Interest Rates. 23 PART 4 REPAYMENT, CANCELLATION, ILLEGALITY AND PREPAYMENT.......................................................... 25
Alternative Interest Rates. 16 Part 4 REPAYMENT, CANCELLATION AND PREPAYMENT...............................17
Alternative Interest Rates. 11 11. REPAYMENT................................................................ 11 12. PREPAYMENT............................................................... 12 13.
Alternative Interest Rates. 10.1 If, in relation to any Advance and any Interest Period relating thereto,:
Alternative Interest Rates. 14 PART 5
Alternative Interest Rates. (a) Except as otherwise provided in this Agreement, if on any Rate-fixing Day on which the interest rate with respect to any Advance or Term Loan is to be based on the Eurodollar Rate, the Agent shall determine that it is unable to quote the Eurodollar Rate, or any Bank shall determine that such Bank is unable to or it is impracticable for it to fund the Advance or Term Loan for the requested Interest Period, the Borrower shall be deemed to have elected that the Advances or Term Xxxxx xx xxxominated in Dollars as Base Rate Advances.
Alternative Interest Rates. 18 PART 5 REPAYMENT, CANCELLATION AND PREPAYMENT 12. Repayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 13. Reduction, Cancellation and Prepayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
