Common use of Change in Legality Clause in Contracts

Change in Legality. Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for Bank to make or maintain a Eurodollar Loan, then, by written notice to the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.

Appears in 6 contracts

Samples: Loan and Security Agreement (Symbion Inc/Tn), Loan and Security Agreement (Symbion Inc/Tn), Loan and Security Agreement (Symbion Inc/Tn)

AutoNDA by SimpleDocs

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank or its Eurodollar Lending Office to make or maintain a any Eurodollar LoanRate Advance or to give effect to its obligations as contemplated hereby, then, by prompt written notice to the BorrowerCompany, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 5 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Group Maintenance America Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in in, or adoption of, any law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the BorrowerBorrower and to the Agent, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 5 contracts

Samples: Revolving Credit Agreement (Washington Water Power Co), Revolving Credit Agreement (Avista Corp), Revolving Credit Agreement (Avista Corp)

Change in Legality. Notwithstanding anything to any other provision herein, in the contrary herein contained, if event that any change after the date hereof in any applicable law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof thereof, shall at any time make it unlawful for any Bank to make or maintain a Loan as to which the Borrower has elected the Eurodollar LoanRate, thenthen upon the happening of such event, such Bank may, by written notice to the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.,

Appears in 2 contracts

Samples: Credit Agreement (Genlyte Group Inc), Credit Agreement (Genlyte Group Inc)

Change in Legality. (A) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar LoanLoan or to give effect to its obligations to make Eurodollar Loans as contemplated hereby, then, by written notice to the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Revolving Credit Agreement (O Charleys Inc), Revolving Credit Agreement (O Charleys Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan, then, by written notice to the BorrowerBorrower (with a copy to the Agent), the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Guaranty and Security Agreement (Suprema Specialties Inc), Guaranty and Security Agreement (Suprema Specialties Inc)

Change in Legality. (A) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar LoanLoan or to give effect to its obligations as contemplated hereby, then, by written notice to the Agent and the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Loan and Security Agreement (Accredo Health Inc), Loan and Security Agreement (Accredo Health Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in in, or adoption of, any law or regulation or in the interpretation thereof by any governmental authority Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the BorrowerBorrower and to the Administrative Agent, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Credit Agreement (Avista Corp), Credit Agreement (Avista Corp)

Change in Legality. (A) Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar LoanLoan or to give effect to its obligations as contemplated hereby, then, by written notice to the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Revolving Loan and Security Agreement (Specialty Care Network Inc), Specialty Care Network Inc

AutoNDA by SimpleDocs

Change in Legality. a. Notwithstanding anything to the contrary herein contained, if any change in any law or regulation or in interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar LoanLoan or to give effect to its obligations to make Eurodollar Loans as contemplated hereby, then, by written notice to the Agent and the Borrower, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Loan and Security Agreement (Clintrials Research Inc), Loan and Security Agreement (Clintrials Research Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in in, or adoption of, any law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the BorrowerBorrower and to the Administrative Agent, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 2 contracts

Samples: Credit Agreement (Avista Corp), Credit Agreement (Avista Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in in, or adoption of, any law or regulation or in the interpretation thereof by any governmental authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any 42 37 Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the BorrowerBorrower and to the Agent, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in any law or regulation or in the interpretation thereof by any governmental authority Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, subject to Section 2.20, by written notice to the BorrowerBorrower and to the Administrative Agent setting forth in reasonable detail the relevant circumstances and the effect thereof, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 1 contract

Samples: Credit Agreement (Evans Withycombe Residential Inc)

Change in Legality. (a) Notwithstanding anything to the contrary herein containedany other provision herein, if any change in any law or regulation or in the interpretation thereof by any governmental authority Governmental Authority charged with the administration or interpretation thereof shall make it unlawful for any Bank to make or maintain a any Eurodollar Loan or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan, then, by written notice to the BorrowerBorrower and to the Agent, the Loan shall thereafter bear interest at a rate based upon such other comparable reference rate as reasonably determined by Bank.Bank may:

Appears in 1 contract

Samples: Credit Agreement (Cleveland Cliffs Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.