Common use of Changed Circumstances Clause in Contracts

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Loans or to fund or maintain LIBOR Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Loans then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Agent, request the conversion of all LIBOR Loans then outstanding into Prime Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Loan, the Borrowers shall also pay any amount due pursuant to SECTION 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Administrative Agent of such event and the Administrative Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Administrative Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Administrative Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Base Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR LoanEurodollar Rate Loans, the Borrowers shall also pay any amount due pursuant to SECTION 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Agent, request requests the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.103.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Eurodollar Rate Revolving Credit Loans then outstandingoutstanding and shall convert each Eurodollar Rate Term Loan into a Base Rate Term Loan, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Agent, request requests the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Base Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR LoanEurodollar Rate Loans, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.105.12.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Loans or to fund or maintain LIBOR Loans hereunder, such Lender shall notify the Administrative Agent of such event and the Administrative Agent shall notify the Borrowers of such event, and the right of the Borrowers to select a LIBOR Loans Loan for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Administrative Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Revolving Credit Loans then outstandingand shall convert each LIBOR Term Loan into a Base Rate Term Loan, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Administrative Agent, request the conversion of all LIBOR Loans then outstanding into Prime Base Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to any such LIBOR Loan, the Borrowers shall also pay any amount due pursuant to SECTION 4.105.11.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Eurodollar Rate Revolving Credit Loans then outstandingoutstanding and shall convert each Eurodollar Rate Term Loan into a Prime Rate Term Loan, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Rate Loans; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.10Section 5.11.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Loans or to fund or maintain LIBOR Loans hereunder, such Lender shall notify the Administrative Agent of such event and the Administrative Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Administrative Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Administrative Agent, request the conversion of all LIBOR Loans then outstanding into Prime Base Rate Loans; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR LoanLoans, the Borrowers shall also pay any amount due pursuant to SECTION Section 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Agent, request requests the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.103.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Eurodollar Rate Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers shall also pay any amount due pursuant to SECTION 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Administrative Agent of such event and the Administrative Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans Eurodollar Rate Loan for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Administrative Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Administrative Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Rate Loans; PROVIDED, provided, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers shall also pay any amount due pursuant to SECTION Section 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation applicable to any Lender makes it unlawful, or any governmental authority Governmental Body asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR maintain the Loans or to fund or maintain LIBOR Loans hereunderat LIBOR, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select apply LIBOR Loans for to any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR the Loans then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversionprepayment, unless the BorrowersBorrower, within three (3) Business Days after such notice from the Agent, request requests that the conversion of all interest rate applicable to the Loans be converted from LIBOR Loans then outstanding into Prime plus the Applicable Margin to the Base Rate Loansas in effect from time to time plus 7.0%; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the an Interest Period applicable to such LIBOR Loanthe Loans, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.10Section 7.5.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation applicable to any Lender makes it unlawful, or any governmental authority Governmental Body asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR maintain the Loans or to fund or maintain LIBOR Loans hereunderat LIBOR, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select apply LIBOR Loans for to any subsequent Interest Period in respect of Loans to such Lender or in connection with any subsequent conversion of any Loan its Affiliates shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR the Loans then outstandingoutstanding to such Lender and its Affiliates, and shall pay all interest accrued thereon through the date of such prepayment or conversionprepayment, unless the BorrowersBorrower, within three (3) Business Days after such notice from the Agent, request requests that the conversion of all interest rate applicable to such Loans be converted from LIBOR Loans then outstanding into Prime plus the Applicable Margin to the Base Rate Loansas in effect from time to time plus 4.5%; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the an Interest Period applicable to such LIBOR LoanLoans, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.10Section 7.5.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Loans Eurodollar Rate Loan or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans a Eurodollar Rate Loan for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Eurodollar Rate Revolving Credit Loans then outstandingoutstanding and shall convert each Eurodollar Rate Term Loan into a Base Rate Term Loan, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Base Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Eurodollar Rate Loan, the Borrowers shall also pay any amount due pursuant to SECTION 4.105.11.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Rate Loans or to fund or maintain LIBOR Rate Loans hereunder, such Lender shall notify the Administrative Agent of such event and the Administrative Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Loans Rate Loan for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Administrative Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Rate Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Administrative Agent, request requests the conversion of all LIBOR Rate Loans then outstanding into Prime Base Rate Loans; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Rate Loan, the Borrowers Borrower shall also pay any amount due pursuant to SECTION Section 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Loans or to fund or maintain LIBOR Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Loans then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice from the Agent, request the conversion of all LIBOR Loans then outstanding into Prime Rate Loans; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR Loan, the Borrowers shall also pay any amount due pursuant to SECTION Section 4.10.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation applicable to any Lender makes it unlawful, or any governmental authority Governmental Body asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make maintain the Term Loan at the Adjusted LIBOR Loans or to fund or maintain LIBOR Loans hereunderRate, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select apply the Applicable LIBOR Loans for Rate to any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Loans the Term Loan then outstanding, and shall pay all interest accrued thereon through the date of such prepayment or conversionprepayment, unless the Borrowers, within three (3) Business Days after such notice from the Agent, request requests that the conversion of all interest rate applicable to the Term Loan be converted from the Applicable LIBOR Loans then outstanding into Prime Rate Loansto the Applicable Base Rate as in effect from time to time; PROVIDEDprovided, that if the date of such repayment or proposed conversion is not the last day of the an Interest Period applicable to such LIBOR Term Loan, the Borrowers shall also pay any amount due pursuant to SECTION 4.10Section 7.5.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Revolving Credit Loans or to fund or maintain LIBOR Eurodollar Rate Revolving Credit Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers Borrower of such event, and the right of the Borrowers Borrower to select LIBOR Eurodollar Rate Revolving Credit Loans for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers Borrower that the circumstances causing such suspension no longer exist, and the Borrowers Borrower shall forthwith prepay in full all LIBOR Eurodollar Rate Revolving Credit Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the BorrowersBorrower, within three Business Days after such notice from the Agent, request requests the conversion of all LIBOR Eurodollar Rate Revolving Credit Loans then outstanding into Prime Base Rate Revolving Credit Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR LoanEurodollar Rate Revolving Credit Loans, the Borrowers Borrower shall also pay any amount due pursuant to SECTION 4.104.12.

Changed Circumstances. (a) If the introduction of or any change in or in the interpretation of (in each case, after the date hereof) any law or regulation makes it unlawful, or any governmental authority Governmental Authority asserts, after the date hereof, that it is unlawful, for any Lender to perform its obligations hereunder to make LIBOR Eurodollar Rate Loans or to fund or maintain LIBOR Eurodollar Rate Loans hereunder, such Lender shall notify the Agent of such event and the Agent shall notify the Borrowers of such event, and the right of the Borrowers to select LIBOR Loans Eurodollar Rate Loan for any subsequent Interest Period or in connection with any subsequent conversion of any Loan shall be suspended until the Agent shall notify the Borrowers that the circumstances causing such suspension no longer exist, and the Borrowers shall forthwith prepay in full all LIBOR Eurodollar Rate Loans then outstanding, outstanding and shall pay all interest accrued thereon through the date of such prepayment or conversion, unless the Borrowers, within three Business Days after such notice 52 60 from the Agent, request the conversion of all LIBOR Eurodollar Rate Loans then outstanding into Prime Base Rate Loans; PROVIDED, that if the date of such repayment or proposed conversion is not the last day of the Interest Period applicable to such LIBOR LoanEurodollar Rate Loans, the Borrowers shall also pay any amount due pursuant to SECTION 4.10.