Common use of Change in Laws Clause in Contracts

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers in writing and such Bank's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank Lender to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank Lender shall promptly notify Borrowers in writing and such BankLender's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank Lender to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Bankssuch Lender, without penalty, on the last day of the current Interest Periods (or, if any Bank Lender may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers in writing and such Bank's obligation to make, continue continue, or convert Loans into into, LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank Lender to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank Lender shall promptly notify Borrowers Borrower in writing and such Bank's Lender’s obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank Lender to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers Borrower shall either repay the outstanding LIBOR Loans owed to the Bankssuch Lender, without penalty, on the last day of the current Interest Periods (or, if any Bank Lender may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers Borrower may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers Borrower in writing and such Bank's obligation to make, continue continue, or convert Loans into into, LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers Borrower shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers Borrower may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank Lender to make or continue to maintain or fund LIBOR Loans Loan hereunder, then such Bank Lender shall promptly notify Borrowers in writing and such BankLender's obligation to make, continue or convert Loans Loan into LIBOR Loans Loan under this Agreement shall be suspended until it is no longer unlawful for such Bank Lender to make or maintain LIBOR LoansLoan. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans Loan owed to the BanksLenders, without penalty, on the last day of the current Interest Periods (or, if any Bank Lender may not lawfully continue to maintain and fund such LIBOR LoansLoan, immediately), or Borrowers may convert such LIBOR Loans Loan at such appropriate time to Prime Base Rate LoansLoan.

Change in Laws. If at any time any new law or any change in -------------- existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank Lender to make or continue to maintain or fund LIBOR Loans Loan hereunder, then such Bank Lender shall promptly notify Borrowers in writing and such BankLender's obligation to make, continue or convert Loans Loan into LIBOR Loans Loan under this Agreement shall be suspended until it is no longer unlawful for such Bank Lender to make or maintain LIBOR LoansLoan. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans Loan owed to the BanksLenders, without penalty, on the last day of the current Interest Periods (or, if any Bank Lender may not lawfully continue to maintain and fund such LIBOR LoansLoan, immediately), or Borrowers may convert such LIBOR Loans Loan at such appropriate time to Prime Base Rate LoansLoan.

Change in Laws. If at any time any new law or any change in existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank Lender to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank Lender shall promptly notify Borrowers Borrower in writing and such BankLender's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank Lender to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers Borrower shall either repay the outstanding LIBOR Loans owed to the Bankssuch Lender, without penalty, on the last day of the current Interest Periods (or, if any Bank Lender may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers Borrower may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.

Change in Laws. If at any time any new law or any change in -------------- existing laws or in the interpretation of any new or existing laws shall make it unlawful for any Bank to make or continue to maintain or fund LIBOR Loans hereunder, then such Bank shall promptly notify Borrowers in writing and such Bank's obligation to make, continue or convert Loans into LIBOR Loans under this Agreement shall be suspended until it is no longer unlawful for such Bank to make or maintain LIBOR Loans. Upon receipt of such notice, Borrowers shall either repay the outstanding LIBOR Loans owed to the Banks, without penalty, on the last day of the current Interest Periods (or, if any Bank may not lawfully continue to maintain and fund such LIBOR Loans, immediately), or Borrowers may convert such LIBOR Loans at such appropriate time to Prime Base Rate Loans.